Entry into a Material Definitive Agreement Sample Clauses
The 'Entry into a Material Definitive Agreement' clause requires a party, typically a public company, to formally disclose when it has entered into a significant contract or agreement that could impact its business or financial condition. This disclosure usually involves filing a report with regulatory authorities, such as the SEC, and providing a summary of the agreement's key terms, parties involved, and potential effects. The core function of this clause is to ensure transparency for investors and stakeholders by promptly informing them of major contractual commitments that may influence the company's operations or value.
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Entry into a Material Definitive Agreement. Receivable Purchase Agreement
Entry into a Material Definitive Agreement. On May 28, 2014, Nuvilex, Inc., a Nevada corporation (“Company”), entered into a financial advisory, offering and at the market offering engagement agreement (“Chardan Agreement”), with Chardan Capital Markets, LLC (“Chardan”) pursuant to which Chardan has agreed to use its reasonable best efforts to act as the Company’s sales agent in connection with the sale of the Company’s common stock, $.0001 par value per share (“Common Stock”) in “at the market” or privately negotiated transactions of up to $50,000,000, depending upon market conditions and at the discretion of the Company. In connection with such transactions, the Company has agreed to pay Chardan: (i) a cash fee of 3% of the gross proceeds from the sale of any shares of Common Stock sold in an “at-the-market” offering and (ii) a cash fee of 7% of the aggregate sales price of any distinct blocks of Common Stock sold under the Chardan Agreement, plus five-year warrants representing 5% of the number of shares of Common Stock sold. In addition, the Company has agreed to reimburse certain expenses of Chardan in an amount not to exceed $15,000.
Entry into a Material Definitive Agreement. The information contained in Item 8.01 regarding the Amendment is incorporated herein by reference.
Entry into a Material Definitive Agreement. Disclosure is required regarding entry into or amendment of any definitive agreement that is material to the securitization, even if depositor is not a party. Examples: servicing agreement, custodial agreement. Note: disclosure not required as to definitive agreements that are fully disclosed in the prospectus Depositor
Entry into a Material Definitive Agreement. Disclosure is required regarding entry into or amendment of any definitive agreement that is material to the securitization, even if depositor is not a party. Examples: servicing agreement, custodial agreement. Note: disclosure not required as to definitive agreements that are fully disclosed in the prospectus X X X (if Master Servicer is not a party) X (if Master Servicer is not a party) X (if Master Servicer is not a party) X (if Master Servicer is not a party)
Entry into a Material Definitive Agreement. Disclosure is required regarding entry into or amendment of any definitive agreement that is material to the securitization, even if depositor is not a party. Examples: servicing agreement, custodial agreement. Note: disclosure not required as to definitive agreements that are fully disclosed in the prospectus X X X X X 1.02 Termination of a Material Definitive Agreement X X X X X Disclosure is required regarding termination of any definitive agreement that is material to the securitization (other than expiration in accordance with its terms), even if depositor is not a party. Examples: servicing agreement, custodial agreement.
Entry into a Material Definitive Agreement. Disclosure is required regarding entry into or amendment of any Master Servicer; or any of definitive agreement that is material to the securitization, even the following that is a party if depositor is not a party. to the agreement if Master Servicer is not: Trustee, Examples: servicing agreement, custodial agreement. Sponsor, Depositor, Certificate Administrator Note: disclosure not required as to definitive agreements that are fully disclosed in the prospectus ---------------- ------------------ ------------------------------------------------------------------ ----------------------------- 1.02
Entry into a Material Definitive Agreement. Disclosure Is Required Regarding Entry Into Or Amendment Of Any Definitive Agreement That Is Material To The Securitization, Even If Depositor Is Not A Party. Examples: Servicing Agreement, Custodial Agreement. Note: Disclosure Not Required As To Definitive Agreements That Are Fully Disclosed In The Prospectus X X X X X 1.02 Termination Of A Material Definitive Agreement X X X X X Disclosure Is Required Regarding Termination Of Any Definitive Agreement That Is Material To The Securitization (Other Than Expiration In Accordance With Its Terms), Even If Depositor Is Not A Party. Examples: Servicing Agreement, Custodial Agreement.
Entry into a Material Definitive Agreement. Disclosure is required regarding entry into or amendment of any definitive agreement that is material to the securitization, even if depositor is not a party. Examples: servicing agreement, custodial agreement. Note: disclosure not required as to definitive agreements that are fully disclosed in the prospectus X X X (if Master Servicer is not a party) X (if Master Servicer is not a party) X (if Master Servicer is not a party) X (if Master Servicer is not a party) 1.02 Termination of a Material Definitive Agreement X X X (if Master Servicer is not a party) X (if Master Servicer is not a party) X (if Master Servicer is not a party) X (if Master Servicer is not a party) Disclosure is required regarding termination of any definitive agreement that is material to the securitization (other than expiration in accordance with its terms), even if depositor is not a party. Examples: servicing agreement, custodial agreement.
Entry into a Material Definitive Agreement. On August 29, 2014, Prudential Bancorp, Inc. (the “Company”) and the Company’s wholly owned subsidiary, Prudential Savings Bank (the “Bank”), entered into an Agreement (the “Agreement”) with S▇▇▇▇▇▇ and Associates L.L.C., S▇▇▇▇▇▇ Investment Partnership, L.P., S▇▇▇▇▇▇ Investment Partnership II, L.P., S▇▇▇▇▇▇ Investment Partnership III, L.P., LSBK06-08, Broad Park Investors, CBPS, L.L.C., 2514 Multi-Strategy Fund, L.P., Veteri Place Corporation, S▇▇▇▇ ▇▇▇▇▇▇▇, an individual, and L▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (collectively, “the S▇▇▇▇▇▇ Group”) and M▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, an individual who was recommended by the S▇▇▇▇▇▇ Group for appointment to the Boards of Directors of the Company and the Bank. The S▇▇▇▇▇▇ Group owns approximately 5.9% of the outstanding shares of the Company’s common stock. The Agreement provides that M▇. ▇▇▇▇▇▇▇ will be appointed by the Company to the class of directors whose term expires at the Annual Meeting of Shareholders to be held in February 2016. M▇. ▇▇▇▇▇▇▇ will also be appointed to the Board of Directors of the Bank for a similar term. Such appointment will not occur until the merger of TF Financial Corporation with National Penn Bancshares, Inc. is completed. During the term of the Agreement, which is scheduled to continue through the date of the Company’s Annual Meeting of Shareholders in 2016, the S▇▇▇▇▇▇ Group and M▇. ▇▇▇▇▇▇▇ will not, among other things, solicit proxies in opposition to any recommendations or proposals of the Company’s Board of Directors, initiate or solicit shareholder proposals or seek to place any additional representatives on the Company’s Board of Directors other than M▇. ▇▇▇▇▇▇▇ (or any replacement director), oppose any proposal or director nomination submitted by the Board of Directors to the Company’s shareholders, vote for any nominee to the Company’s Board of Directors other than those nominated or supported by the Board of Directors, seek to exercise any control or influence over the management of the Company or the Boards of Directors of the Company or the Bank (although nothing in the Agreement will prevent M▇. ▇▇▇▇▇▇▇, from expressing his views to other members of the Board at duly convened meetings of the Boards of Directors), propose or seek to effect a merger or sale of the Company or initiate litigation against the Company. In addition, during the term of the Agreement, the S▇▇▇▇▇▇ Group has agreed to vote in favor (i) of a new omnibus stock incentive plan and (ii) of the Board of Directo...