Debt The Pacific Lumber Companx Sample Clauses

Debt The Pacific Lumber Companx. Creditor Loan O/S Property Legal Description -------- -------- -------------------------- SELCO Leasing** $229,554 Represents an interim loan on equipment. December 31, 1998 the loan was converted into a Capital Lease. IBM Credit Corp. Lease ** 6,081 AS 400 and additional software Optimum Solutions Inc.** -- Payroll system Britt Lumber Company: Creditor Xxxn O/S Property Legal Description -------- -------- -------------------------- NONE -- **Capital leases Letters Of Credit as of March 31, 2005 LETTER OF CREDIT Date of Expiration NO. ISSUING COMPANY ISSUING BANK BENEFICIARY PURPOSE Issue Date AMOUNT LETTER OF CREDIT COLLATERIZED BY $20MM CARVE-OUT OF THE TPLC $30MM LINE OF CREDIT WITH BANK OF AMERICA: 228874 The Pacific Bank of America County of Humboldt & CA To collateralize the project of 05/28/96 05/30/05 46,500.00 Lumber Company Dept. of Conservation reclamation of river bars, access roads & stock pile area assoc'd with gravel extraction 3007279 The Pacific Bank of America Pacific Gas & Electric To collateralize the Agreement 07/05/97 07/08/05 167,422.00 Lumber Company (AUTOMATIC between PLC & PG&E RENEWAL UNLESS NOTIFIED W/I 60 DAYS) 3021805 The Pacific Bank of America County of Humboldt & CA To collateralize the project at 12/24/99 12/24/05 23,667.82 Lumber Company (AUTOMATIC Dept. of Conservation Quarry #3 RENEWAL) 3004206 The Pacific Bank of America County of Humboldt & CA To collateralize the project at 04/03/97 04/03/06 21,825.00 Lumber Company (AUTOMATIC Dept. of Conservation Quarry #2 RENEWAL) 3004207 The Pacific Bank of America County of Humboldt & CA To collateralize the project at 04/03/97 04/03/06 10,929.00 Lumber Company (AUTOMATIC Dept. of Conservation Quarry #1 RENEWAL) 3029754 The Pacific Bank of America County of Humboldt & CA To collateralize the project at 09/27/00 09/25/05 67,991.00 Lumber Company (AUTOMATIC Dept. of Conservation PALCO Stafford Left Quarry RXXXXXX) Total Pacific Lumber $338,334.82 HOU:2445420.1 =================================================================================================================== Capital Leases As of March 31, 2005 Remaining Company Lien Holder Payments Property Legal Description --------------------------------- ------------------------------- ------------------ ------------------------------------- --------------------------------- ------------------------------- ------------------ ------------------------------------- PALCO IBM Credit Corporation $ 6,081.00 IBM Software, Remarketed S...
AutoNDA by SimpleDocs

Related to Debt The Pacific Lumber Companx

  • Management of Company All decisions relating to the business, affairs, and properties of the Company shall be made by the Member. The Member may appoint one or more managers and/or officers of the Company using any titles, and may delegate all or some decision-making duties and responsibilities to such persons. Any such managers and/or officers shall serve at the pleasure of the Member. To the extent delegated by the Member, managers and/or officers shall have the authority to act on behalf of, bind, and execute and deliver documents in the name and on behalf of the Company. In addition, unless otherwise determined the Member, any officer(s) so appointed shall have such authority and responsibility as is generally attributable to the holders of such officers in corporations incorporated under the laws of the state of Delaware. No delegation of authority hereunder shall cause the Member to cease to be a Member.

  • Operations Prior to the Closing Date (a) Seller shall use its commercially reasonable efforts to, and to cause the Companies to, operate and carry on the Business in the ordinary course and substantially as operated immediately prior to the date of this Agreement. Consistent with the foregoing, Seller shall use its commercially reasonable efforts, and shall cause the Companies to use their commercially reasonable efforts, consistent with good business practice, to preserve the goodwill of the suppliers, contractors, licensors, employees, customers, distributors and others having business relations with the Business.

  • Subsidiaries and Owners; Investment Companies Schedule 6.1.2 states (i) the name of each of the Borrowers' Subsidiaries, its jurisdiction of organization and the amount, percentage and type of equity interests in such Subsidiary (the "Subsidiary Equity Interests"), (ii) the name of each holder of an equity interest in the Borrowers (except for Parent), and the amount, percentage and type of such equity interest, and (iii) any options, warrants or other rights outstanding to purchase any such equity interests referred to in clause (i) or (ii). The Borrowers and each Subsidiary of the Borrowers have good and marketable title to all of the Subsidiary Equity Interests it purports to own, free and clear in each case of any Lien and all such Subsidiary Equity Interests have been validly issued, fully paid and nonassessable. None of the Loan Parties or Subsidiaries of any Loan Party is an "investment company" registered or required to be registered under the Investment Company Act of 1940 or under the "control" of an "investment company" as such terms are defined in the Investment Company Act of 1940 and shall not become such an "investment company" or under such "control."

  • Federated Hermes Global Equity Fund Federated Hermes Global Small Cap Fund Federated Hermes SDG Engagement Equity Fund Federated Hermes Unconstrained Credit Fund Federated International Bond Strategy Portfolio Federated International Dividend Strategy Portfolio Federated International Leaders Fund Federated International Small-Mid Company Fund Federated International Strategic Value Dividend Fund Federated MDT Large Cap Value Fund Federated Michigan Intermediate Municipal Trust Federated Muni and Stock Advantage Fund Federated Municipal High Yield Advantage Fund Federated Municipal Ultrashort Fund Federated Municipal Bond Fund, Inc. Federated Ohio Municipal Income Fund Federated Pennsylvania Municipal Income Fund Federated Premier Municipal Income Fund Federated Short-Intermediate Duration Municipal Trust

  • Assets Reserved and Pending Claims (a) If, upon the occurrence of a Dissolution Event, there are any assets that, in the judgment of the Liquidating Trustee, cannot be sold or distributed in kind without sacrificing a significant portion of the value thereof or where such sale or distribution is otherwise impractical at the time of the Dissolution Event, such assets may be retained by the Company if the Liquidating Trustee determines that the retention of such assets is in the best interests of the Members. Upon the sale of such assets or a determination by the Liquidating Trustee that circumstances no longer require their retention, such assets (at their Fair Value) or the proceeds of their sale shall be taken into account in computing Capital Account on winding up and amounts distributable pursuant to Section 6.2(b), and distributed in accordance with such value.

  • Investment Company; Public Utility Holding Company Neither the Company nor any Subsidiary is an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, or a "public utility holding company" within the meaning of the Public Utility Holding Company Act of 1935, as amended.

  • Fifth Amended and Restated Limited Liability Company Operating Agreement Dated as of November 30, 2012

  • Management of the Partnership (a) Except as otherwise expressly provided in this Agreement, the General Partner shall have full, complete and exclusive discretion to manage and control the business of the Partnership for the purposes herein stated, and shall make all decisions affecting the business and assets of the Partnership. Subject to the restrictions specifically contained in this Agreement, the powers of the General Partner shall include, without limitation, the authority to take the following actions on behalf of the Partnership:

  • PORTFOLIO HOLDINGS The Adviser will not disclose, in any manner whatsoever, any list of securities held by the Portfolio, except in accordance with the Portfolio’s portfolio holdings disclosure policy.

  • Management and Control of the Company The Manager shall direct, manage and control the business of the Company to the best of such Manager’s ability and shall have full and complete authority, power and discretion to make any and all decisions and to do any and all things which the Manager shall deem to be reasonably required in light of the Company’s business and objectives.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!