Teksid Luxembourg"), announced today that on August 20, 2007 Teksid Luxembourg entered into a purchase agreement
(the "Purchase Agreement
") to sell its equity interests in TK Aluminum France S.
Buyers can approach the mark-up and negotiation of the purchase agreement
to better position themselves in a competitive acquisition process and effectively negotiate a reasonably balanced agreement.
From the purchaser's standpoint, the "covenants" made by the seller and contained in the purchase agreement
also are critical because they address the seller's future conduct, requiring the seller not to take actions to hurt the facility (such as by operating competing facilities in the same geographic market or disparaging the facility).
The forward purchase agreement
, which will be bid around the time of pricing, and is required by the trust indenture (to be rated at least 'AA-'/'Aa3' by the three rating agencies), and
X did not attempt to renegotiate a new purchase agreement
at that time.
FGIC), whose claims-paying ability is rated "AAA" by Fitch, and the standby bond purchase agreement
issued by Credit Local de France, New York agency (rated "F-1+" by Fitch).
The previously disclosed arrangements relating to the exercise of the option were amended to postpone closing of an associated asset purchase agreement
covering substantially all of the assets utilized by Gamma in its bingo gaming activities, which under the amended services agreement will be committed to use by TVBN in its performance of such services.
based oil and gas exploration company, has entered into an Interest Purchase Agreement
with Key Brokerage, Inc.
Prior to exercise, the Option and its related arrangements were amended to postpone closing of an associated asset purchase agreement
covering substantially all of the assets utilized by Gamma in its bingo gaming activities, which under the amended services agreement will be committed to use by TV Bingo in its performance of such services.
Under Southwest's asset purchase agreement
with Pinnacle, simultaneous with Pinnacle's acquisition of the CCRI stock, Southwest will purchase the assets of the Double Eagle and Gold Creek, other than the real property and improvements, from Pinnacle and CCRI for a total purchase price of $12,625,000.
The most pressing lawsuits, which are currently under appeal before the Iowa Supreme Court, are two which seek to prevent the county from making debt service payments under a lease purchase agreement
with the Racing Association of Central Iowa (RACI).
Any default of a supplier obligation under its respective purchase agreement
will require the supplier, or its respective guarantor, to make a termination payment to Main Street that is sufficient to pay principal and accrued interest on the bonds.