R E C I T A L definition

R E C I T A L. To compensate the Director for his service on the Board of Directors and to promote a closer identification of his interests with those of the Corporation, the Corporation and the Director hereby agree as follows:
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R E C I T A L. The Company is desirous of continuing the employment of Employee, and Employee is desirous of continuing his employment by the Company on the terms and conditions hereinafter set forth.
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R E C I T A L. IBJ has entered into an Indenture, dated as of November 26, 1997 (as amended, supplemented, restated or otherwise modified from time to time, the "IBJ Indenture"), with CD Radio Inc. (the "Company") as trustee for the holders (the "IBJ Noteholders") of the Company's 15% Senior Secured Notes due 2007 (the "Old Notes"), and in connection therewith the Company has executed and delivered or will hereafter execute and deliver certain other agreements, guaranties, pledges, documents and other instruments (as amended, supplemented, restated or otherwise modified from time to time, collectively, together with the IBJ Indenture, the "IBJ Documents"); The obligations of the Company under the IBJ Indenture and the Old Notes issued thereunder are secured by the Pledged Collateral as more specifically set forth in the IBJ Documents; US Trust has entered into an Indenture, dated as of May 15, 1999 (as amended, supplemented, restated or otherwise modified from time to time, the "US Trust Indenture"), with the Company as trustee for the holders (the "US Trust Noteholders") of the Company's 14-1/2% Senior Secured Notes due 2009 (the "New Notes", and together with the Old Notes, the "Notes") and in connection therewith the Company has executed and delivered or will hereafter execute and deliver certain other agreements, guaranties, pledges, documents and other instruments (as amended, supplemented, restated or otherwise modified from time to time, collectively, together with the US Trust Indenture, the "US Trust Documents"); The obligations of the Company under the US Trust Indenture and the New Notes issued thereunder are secured by the Pledged Collateral as more specifically set forth in the US Trust Documents; Pursuant to the Amended and Restated Pledge Agreement dated as of May 15, 1999 (the "Pledge Agreement") among the Company, IBJ and US Trust, the Pledged Collateral shall be held by IBJ, as collateral agent (the "Collateral Agent") for IBJ, as trustee for the IBJ Noteholders and for US Trust, as trustee for the US Trust Noteholders; and The parties hereto desire to agree among themselves on certain rights, priorities and interests in the Pledged Collateral now or hereafter granted by the Company.
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Examples of R E C I T A L in a sentence

  • R E C I T A L S WHEREAS, Parent, Boise Southern Company, a Louisiana general partnership ("Southern"), Minidoka Paper Company, a Delaware corporation ("Minidoka") (collectively, "Sellers" and, individually, a "Seller"), Holdings, and Boise Land & Timber Corp., a Delaware corporation and indirect wholly-owned Subsidiary of Holdings ("Timber Co.") are party to an Asset Purchase Agreement, dated as of July 26, 2004 (the "ASSET PURCHASE AGREEMENT").

  • R E C I T A L S A.Landlord is the owner of a tract of land situated in Myrtle Grove, Plaquemines Parish, Louisiana, and more particularly described in Exhibit A (Description of Land) attached hereto (the “Land”).

  • R E C I T A L S In connection with negotiations relating to the proposed issuance by Catalyst and purchase by Purchaser of shares of Catalyst's Common Stock, Purchaser desires to make certain covenants to Catalyst so as to provide limits on Purchaser's ownership of and voting of its capital stock of Catalyst.

  • R E C I T A L ArQule desires to sell to Pfizer, and Pfizer desires to purchase from ArQule, pursuant to this Agreement, shares of ArQule's common stock, with an aggregate purchase price of $10,000,000, on the terms and conditions described herein and in reliance upon the representations, warranties and agreements contained herein.

  • R E C I T A L Assignee and Assignor have entered into an Agreement of Purchase and Sale and Joint Escrow Instructions dated ________, 1998 ("Agreement of Purchase and Sale") under which Assignee has agreed to purchase from Assignor, that certain real property and any and all buildings, structures and improvements on said real property commonly identified as "▇▇▇▇▇▇ Ranch", located in the County of Los Angeles, State of California and legally described on EXHIBIT A attached hereto (the "Property").


More Definitions of R E C I T A L

R E C I T A L. The parties hereto desire to enter into this Agreement to provide for the employment of the Employee by the Employer and for certain other matters in connection with such employment, all as set forth more fully in this Agreement.
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R E C I T A L. The Company is desirous of employing Employee as Senior Vice President-Corporate Development, and Employee is desirous of being employed by the Company in such position on the terms and conditions hereinafter set forth.
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R E C I T A L. S: WHEREAS, ▇▇. ▇▇▇▇▇▇ is a co-founder of Invisa and served in the capacities of non-executive Chairman, director until September 15, 2003. ▇▇. ▇▇▇▇▇▇ is an employee under that certain employment contract between the parties dated as of February 9, 2000 (Employment Contract). Commencing on September 15, 2003, ▇▇. ▇▇▇▇▇▇ began a leave of absence under the Employment Contract and accordingly has performed no service, had no responsibility and been paid or accrued no compensation under the Employment Contract; and
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R E C I T A L. The parties hereto (or in the case of EPIL, one of its affiliates), are parties to a Securities Purchase Agreement dated as of October 15, 1999 (as amended at any time, the "Purchase Agreement"), pursuant to which, among other things, the Company issued and sold to EPIL and EPIL acquired from the Company certain securities. The parties desire that, in accordance with the provisions hereof, the Company will issue to EPIL and EPIL will acquire from the Company, a promissory note (as amended at any time, the "Note"), in the original principal amount of $4 million, of which $2 million shall be funded on the date hereof and up to the remaining $2 million may be funded in accordance with the terms hereof and thereof (references herein to "dollars" or "$" refer to United States dollars and capitalized terms not defined herein have the meanings ascribed to them in the Purchase Agreement).
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R E C I T A L. Borrower has requested Lender to loan it certain funds on a secured basis, and Lender has agreed to do so, subject to and upon the terms and conditions hereinafter set forth. The maximum principal amount of the loan to be made by the Lender to the Borrower is TEN MILLION DOLLARS ($10,000,000.00).
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R E C I T A L. The Director was formerly the Chairman of the Board and Chief Executive Officer of the Company and, to date, has provided valuable services to the Company in those capacities. The Company, valuing the Director's expertise, experience and excellent judgment, desires to retain the services of the Director, and the parties desire and intend that the Director continue to provide such services, in accordance with the terms and conditions of this Agreement.
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R E C I T A L. S: R-1. On May 3, 1983, the City Council for the City of Manassas Park adopted an ordinance codifying Chapter 7.5 of the city code of the City of Manassas Park, Virginia ("Ordinance"), which awarded a non-exclusive franchise to CMP for the operation of a cable television system within the corporate limits of the City; and R-
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