Common use of Consummation of Acquisition Clause in Contracts

Consummation of Acquisition. Section 6.01(z) of the Financing Agreement is hereby amended by adding the following language to the end thereof to read in its entirety as follows: “The Parent has delivered to the Agents complete and correct copies of the CBG Acquisition Documents, including all schedules and exhibits thereto. The CBG Acquisition Documents set forth the entire agreement and understanding of the parties thereto relating to the subject matter thereof, and there are no other agreements, arrangements or understandings, written or oral, relating to the matters covered thereby. The execution, delivery and performance of the CBG Acquisition Documents has been duly authorized by all necessary action (including, without limitation, the obtaining of any consent of stockholders or other holders of Equity Interests required by law or by any applicable corporate or other organizational documents) on the part of the Parent and the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, on the part of each other Person party thereto. No authorization or approval or other action by, and no notice to filing with or license from, any Governmental Authority on behalf of the Parent or the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, on behalf of any other Person party thereto is required for the consummation of such sale other than such as have been obtained on or prior to the First Amendment Effective Date. Each CBG Acquisition Document is the legal, valid and binding obligation of the Parent and the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, each other Person party thereto, enforceable against each such Person in accordance with its terms. All conditions precedent to the CBG Acquisition Agreement have been fulfilled (or with the prior written consent of the Agents, waived), no CBG Acquisition Document has been amended or otherwise modified in a manner adverse to the Parent or the BVI Borrower, any other Loan Party, the Agents or the Lenders, and there has been no breach of any material term or condition of any CBG Acquisition Document.” (x)Section 6.01. Section 6.01 of the Financing Agreement is hereby amended by adding a new clause to the end thereof to read in its entirety as follows: “

Appears in 1 contract

Samples: Financing Agreement

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Consummation of Acquisition. Section 6.01(z) of the Financing Agreement is hereby amended by adding the following language to the end thereof to read in its entirety as follows: “The Parent has delivered to the Agents complete and correct copies of the CBG Acquisition Documents, including all schedules and exhibits thereto. The CBG Acquisition Documents set forth the entire agreement and understanding of the parties thereto relating to the subject matter thereof, and there are no other agreements, arrangements or understandings, written or oral, relating to the matters covered thereby. The execution, delivery and performance of the CBG Acquisition Documents has been duly authorized by all necessary action (including, without limitation, the obtaining of any consent of stockholders or other holders of Equity Interests required by law or by any applicable corporate or other organizational documents) on the part of the Parent and the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, on the part of each other Person party thereto. No authorization or approval or other action by, and no notice to filing with or license from, any Governmental Authority on behalf of the Parent or the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, on behalf of any other Person party thereto is required for the consummation of such sale other than such as have been obtained on or prior to the First Amendment Effective Date. Each CBG Acquisition Document is the legal, valid and binding obligation of the Parent and the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, each other Person party thereto, enforceable against each such Person in accordance with its terms. All conditions precedent to the CBG Acquisition Agreement have been fulfilled (or with the prior written consent of the Agents, waived), no CBG Acquisition Document has been amended or otherwise modified in a manner adverse to the Parent or the BVI Borrower, any other Loan Party, the Agents or the Lenders, and there has been no breach of any material term or condition of any CBG Acquisition Document.” (x)Section 6.01. Section 6.01 of the Financing Agreement is hereby amended by adding a new clause to the end thereof to read in its entirety as follows: “

Appears in 1 contract

Samples: Financing Agreement (Remark Media, Inc.)

Consummation of Acquisition. Section 6.01(z) The Parent has delivered to the Agents complete and correct copies of the Financing Agreement is hereby amended by adding Xxxxx.xxx Acquisition Documents, including all schedules and exhibits thereto. The Xxxxx.xxx Acquisition Documents set forth the following language entire agreement and understanding of the parties thereto relating to the end thereof subject matter thereof, and there are no other agreements, arrangements or understandings, written or oral, relating to read the matters covered thereby. DOCID - 27822767.5 - 81 - ChangePro Comparison of 27822767v1 and 27822767v5 4/30/2018 The execution, delivery and performance of the Xxxxx.xxx Acquisition Documents has been duly authorized by all necessary action (including, without limitation, the obtaining of any consent of stockholders or other holders of Equity Interests required by law or by any applicable corporate or other organizational documents) on the part of the Parent and, to the knowledge of the Parent, on the part of each other Person party thereto. No authorization or approval or other action by, and no notice to filing with or license from, any Governmental Authority on behalf of the Parent and, to the knowledge of the Parent, on behalf of any other Person party thereto is required for the consummation of such sale other than such as have been obtained on or prior to the Effective Date. Each Xxxxx.xxx Acquisition Document is the legal, valid and binding obligation of the Parent and, to the knowledge of the Parent, each other Person party thereto, enforceable against each such Person in accordance with its entirety as follows: “terms. All conditions precedent to the Xxxxx.xxx Acquisition Agreement have been fulfilled or (with the prior written consent of the Agents) waived, no Xxxxx.xxx Acquisition Document has been amended or otherwise modified in a manner adverse to the Parent, any other Loan Party, the Agents or the Lenders, and there has been no breach of any material term or condition of any Xxxxx.xxx Acquisition Document. The Parent has delivered to the Agents complete and correct copies of the CBG Acquisition Documents, including all schedules and exhibits thereto. The CBG Acquisition Documents set forth the entire agreement and understanding of the parties thereto relating to the subject matter thereof, and there are no other agreements, arrangements or understandings, written or oral, relating to the matters covered thereby. The execution, delivery and performance of the CBG Acquisition Documents has been duly authorized by all necessary action (including, without limitation, the obtaining of any consent of stockholders or other holders of Equity Interests required by law or by any applicable corporate or other organizational documents) on the part of the Parent and the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, on the part of each other Person party thereto. No authorization or approval or other action by, and no notice to filing with or license from, any Governmental Authority on behalf of the Parent or the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, on behalf of any other Person party thereto is required for the consummation of such sale other than such as have been obtained on or prior to the First Amendment Effective Date. Each CBG Acquisition Document is the legal, valid and binding obligation of the Parent and the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, each other Person party thereto, enforceable against each such Person in accordance with its terms. All conditions precedent to the CBG Acquisition Agreement have been fulfilled (or with the prior written consent of the Agents, waived), no CBG Acquisition Document has been amended or otherwise modified in a manner adverse to the Parent or the BVI Borrower, any other Loan Party, the Agents or the Lenders, and there has been no breach of any material term or condition of any CBG Acquisition Document.” (x)Section 6.01. Section 6.01 of the Financing Agreement is hereby amended by adding a new clause to the end thereof to read in its entirety as follows: “

Appears in 1 contract

Samples: Financing Agreement (Remark Holdings, Inc.)

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Consummation of Acquisition. Section 6.01(z) As of the Financing Agreement is hereby amended by adding Closing Date, the following language Enertel Acquisition shall have been consummated in accordance with the terms and conditions of the Acquisition Documents and all applicable laws. All applicable waiting periods with respect thereto have or, prior to the end thereof time when required, will have, expired without, in all such cases, any action being taken by any competent authority which restrains, prevents, or imposes material adverse conditions upon the consummation of the Enertel Acquisition. As of such Closing Date, there does not exist any judgment, order, or injunction prohibiting the consummation of the Enertel Acquisition, or the making of the Term Loan or the performance by any Loan Party of its respective obligations under the Transaction Documents. Except for changes which are reasonably acceptable to read the Administrative Agent and the Majority Lenders, the Acquisition Agreement (and all exhibits and schedules thereto) shall be in its entirety as follows: “The Parent has the form delivered to the Agents complete Administrative Agent and correct copies of the CBG Acquisition Documents, including all schedules and exhibits theretoLenders prior to the Effective Date. The CBG Acquisition Documents set forth (and the entire agreement and understanding transactions contemplated thereby) shall have been duly approved by the boards of directors and, if required by applicable law, the stockholders of the parties thereto relating to the subject matter thereofthereto, and there are no other agreements, arrangements or understandings, written or oral, relating to all Acquisition Documents shall have been duly executed and delivered by the matters covered therebyparties thereto and shall be in full force and effect. The execution, delivery and performance Each of the CBG Acquisition Documents has been duly authorized by all necessary action (including, without limitation, the obtaining of any consent of stockholders or other holders of Equity Interests required by law or by any applicable corporate or other organizational documents) on the part of the Parent and the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, on the part of each other Person party thereto. No authorization or approval or other action by, and no notice to filing with or license from, any Governmental Authority on behalf of the Parent or the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, on behalf of any other Person party thereto is required for the consummation of such sale other than such as have been obtained on or prior to the First Amendment Effective Date. Each CBG Acquisition Document is the legal, valid and binding obligation of the Parent and the BVI Borrower and, to the knowledge of the Parent and the BVI Borrower, each other Person party thereto, enforceable against each such Person in accordance with its terms. All conditions precedent to the CBG obligation of the parties to consummate the Enertel Acquisition as set forth in the respective Acquisition Agreement shall have been fulfilled (satisfied to the satisfaction of the Administrative Agent and the Majority Lenders, or waived with the prior written consent of the Agents, waived), no CBG Administrative Agent and the Majority Lenders and the Enertel Acquisition Document has shall have been amended consummated in accordance with the Acquisition Documents (without giving effect to any amendment or otherwise modified in a manner adverse to the Parent or the BVI Borrower, any other Loan Party, the Agents or the Lenders, and there has been no breach of any material term or condition of any CBG Acquisition Document.” (x)Section 6.01. Section 6.01 modification of the Financing respective Acquisition Agreement is hereby amended or waiver with respect thereto unless consented to by adding a new clause to the end thereof to read in its entirety as follows: “Administrative Agent and the Majority Lenders) and all applicable laws, rules and regulations.

Appears in 1 contract

Samples: Credit Agreement (Worldport Communications Inc)

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