Examples of Collar Agreement in a sentence
This Agreement, along with the Stock Collar Agreement and the Pledge Agreement, constitute the full and entire understanding and agreement between the parties with respect to the subject matter of this Agreement and such other documents, and supercedes all previous agreement and understandings, written or oral, concerning the subject matter of this Agreement.
Other, net for the three and nine months ended September 30, 2023, relates to non - cash changes in the fair value of the Company’s financing obligations to purchase the remaining equity interest, changes in t he fair value of its contingent liabilities, and changes in the fair value of the Company’s Collar Agreement.
In May 1995, the Company entered into an Interest Rate Collar Agreement with a bank, which set boundaries for the interest payment terms on its $25 million term loan.
The proxy shall also terminate with respect to any and all Shares which are transferred to Holdings pursuant to the Stock Collar Agreement.
Reconciliation of Net Income to EBITDA and Adjusted EBITDA 1 Other, net for the three and nine months ended September 30, 2023 relates to transaction costs incurred for our investments and tax restructuring fees and non - cash changes related to change in the fair value of our financing obligation to purchase the remaining equity interests, changes in the fair value of our contingent liabilities, and changes in the fair val ue of the Company's Collar Agreement.
If any relevant provisions of the Collar Agreement differ in any material respect from those of the Transaction Acknowledgement as described herein, the parties hereto will negotiate in good faith to modify the terms of this Agreement in a manner that preserves the economic intent of the parties.
Simultaneous with the Closing of this Agreement, HOLDINGS is entering into a Stock Collar Agreement with WITHEY (the "Withey Stock Collar Agreement"), pursuant to which HOLDXXXX xay exerxxxx x call option (the "Withey Call Option") similar to the Call Option described herein witx xxxxect to 900,000 shares of Common Stock of the Company owned by WITHEY (the "Withey Shares").
Pursuant to the Security Agreement, the Omnibus Note shall be secured by an assignment to the Company of payments by HHC to Martin pursuant to a Stock Collar Agreement between HHC and Martin, xxxxxxed, however, that if HHC defaults in its quarterly payxxxxx to Martin, Martin's repayment obligation to the Company for that same txxx xxrixx xxxxx be tolled, with no further interest accruing until the HHC default is cured, at which point Martin's repayments to the Company shall resume.
In May 1995, the Company entered into an Interest Rate Collar Agreement with First Union, which set boundaries for the interest payment terms on its $25 million term loan.
YA and TNC desire to enter into an agreement pursuant to which TNC may require YA to enter into a second loan and collar agreement, substantially similar to the May Term Loan and Collar Agreement, as more fully described herein, and pursuant to the terms and conditions set forth below.