Examples of Debt Consideration in a sentence
The Purchaser is the record and beneficial owner of, and has good and valid title to, all Debt Consideration set forth in Schedule C, free and clear of any and all Liens.
Specifically, subject to GWG’s acceptance as set forth above, MHT SPV shall acquire, for an aggregate purchase price of $150 million, (i) GWG Common Stock in an amount equal to 50% of the Consideration minus the Stock Consideration, and (ii) GWG L Bonds in an amount equal to 50% of the Consideration minus the Debt Consideration.
At the Closing, the Purchaser will transfer to Protection One good and marketable title to all such Debt Consideration, free and clear of all Liens.
Such consideration shall be delivered to the Seller Trusts in two installments as follows: (i) the delivery of the Debt Consideration at the Initial Transfer (as defined in Section 2.5 below), and (ii) the delivery of the Stock Consideration and satisfaction of the Exchangeable Note at the Final Closing (as defined in Section 2.5 below).
Inasmuch as Xxxxxxxxx, Lufkin & Xxxxxxxx Securities Corporation was the only one of the three that was actively making a market in the Monitoring debt, the calculation of the value of the Debt Consideration was based solely upon the quotes provided by Xxxxxxxxx, Lufkin & Xxxxxxxx Securities Corporation.