MEMC Korea Company Sample Clauses

MEMC Korea Company. Borrower shall cause MKC to declare and pay an annual dividend or other cash distribution to Borrower or any other Loan Party within thirty (30) days following the delivery of the financial statements referred to in Section 6.01(a), which dividend or distribution shall be in an amount equal to no less than seventy-five (75)% of the MKC Cash Flow Available for Distribution as of the end of such annual fiscal period, less any applicable Korean Tax required to be withheld; provided, that Borrower shall not be obligated to cause MKC to declare or pay such dividend or distribution to the extent that, and only for so long as, the declaration or payment thereof is not permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by any judgment, decree, order, statute, rule or governmental regulation applicable to MKC or its equity holders.
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MEMC Korea Company. (a) Guarantee or otherwise become liable, directly or indirectly, for the debts and other obligations or liabilities of any Unrestricted Subsidiary; (b) Permit MKC to incur Indebtedness other than (i) Indebtedness incurred by MKC on or about the First Amendment Effective Date pursuant to a term loan facility provided by Shinhan Bank, Korea Development Bank and the other lenders party thereto, in an aggregate principal amount not to exceed KRW 50,000,000,000 (the “MKC Financing”), (ii) Indebtedness owed to the Borrower in an aggregate principal amount not to exceed the lesser of (x) $40,000,000 and (y) the Dollar equivalent of KRW 45,000,000,000, pursuant to that certain Term Loan Agreement, dated as of December [•], 2015, between MKC, as borrower, and the Borrower, as lender, (iii) Indebtedness pursuant to one or more surety bonds or similar instruments securing repayment obligations of Holdings under the Prepayment Agreement in an aggregate amount not to exceed KRW 45,000,000,000, (iv) Indebtedness in an aggregate principal amount not to exceed $98,769,917.16 owed to Holdings, the Borrower or any Subsidiary resulting from historical trade payables owed from MKC to Holdings, the Borrower or any of their Subsidiaries, in each case in an amount and on terms and conditions substantially the same as offsetting Specified Indebtedness of Holdings, the Borrower or any of their Subsidiaries contemplated by Section 7.03(j)(ii) and (v) additional Indebtedness in an aggregate principal amount not to exceed $40,000,000; (c) Maintain (on a consolidated basis) a net intercompany trade balance with MKC that results in an amount payable by MKC in excess of $20,000,000 as of the end of any month commencing on or after the First Amendment Effective Date; provided that all obligations of Holdings, the Borrower and the other Loan Parties owing to MKC in respect of trade accounts payable shall be evidenced by and subject to the terms of the MKC Intercompany Note; and (d) Make any payment, in cash, to MKC in settlement of all or any portion of the net intercompany trade balance owed to MKC in respect of any period ending on or prior to October 31, 2015, except that Holdings, the Borrower and their Subsidiaries may make cash payments to MKC in settlement of all or any portion of such trade payables to the extent that the Borrower causes MKC to declare and pay a dividend or other distribution in cash to the Borrower or any other Loan Party within ninety (90) days following the da...

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  • Cornerstone shall notify the LLC and confirm such advice in writing (i) when the filing of any post-effective amendment to the Registration Statement or supplement to the Prospectus is required, when the same is filed and, in the case of the Registration Statement and any post-effective amendment, when the same becomes effective, (ii) of any request by the Securities and Exchange Commission for any amendment of or supplement to the Registration Statement or the Prospectus or for additional information and (iii) of the entry of any stop order suspending the effectiveness of the Registration Statement or the initiation or threatening of any proceedings for that purpose, and, if such stop order shall be entered, Cornerstone shall use its best efforts promptly to obtain the lifting thereof.

  • Minority Business Enterprise The Recipient shall comply with the minority business requirements pursuant to Section 164.07(A) of the Revised Code and rule 164-1-32 of the Administrative Code when making direct purchases of equipment, materials or supplies.

  • Transnet (i) For legal notices: …………………………………………………… …………………………………………………… …………………………………………………… Fax No. ………… Attention: Group Legal Department (ii) For commercial notices: …………………………………………………… …………………………………………………… …………………………………………………… Fax No. ………… Attention: …………

  • Minority and Women’s Business Enterprises Compliance Award of this Contract was based, in part, on the Minority and/or Women’s Business Enterprise (“MBE” and/or “WBE”) participation plan as detailed in the Minority and Women’s Business Enterprises Subcontractor Commitment Form, commonly referred to as “Attachment A” in the procurement documentation and incorporated by reference herein. Therefore, any changes to this information during the Contract term must be approved by MWBE Compliance and may require an amendment. It is the State’s expectation that the Contractor will meet the subcontractor commitments during the Contract term. The following MBE/WBE Division (“Division”) certified MBE and/or WBE subcontractors will be participating in this Contract: [Add additional MBEs and WBEs using the same format.] MBE or WBE COMPANY NAME PHONE EMAIL OF CONTACT PERSON PERCENT A copy of each subcontractor agreement must be submitted to the Division within thirty (30) days of the effective date of this Contract. The subcontractor agreements may be uploaded into Pay Audit (Indiana’s subcontractor payment auditing system), emailed to XXXXXxxxxxxxxx@xxxx.XX.xxx, or mailed to MWBE Compliance, 000 X. Xxxxxxxxxx Street, Indianapolis IN 46204. Failure to provide a copy of any subcontractor agreement may be deemed a violation of the rules governing MBE/WBE procurement and may result in sanctions allowable under 25 IAC 5-7-8. Requests for changes must be submitted to XXXXXxxxxxxxxx@xxxx.XX.xxx for review and approval before changing the participation plan submitted in connection with this Contract. The Contractor shall report payments made to Division certified subcontractors under this Contract on a monthly basis using Pay Audit. The Contractor shall notify subcontractors that they must confirm payments received from the Contractor in Pay Audit. The Pay Audit system can be accessed on the IDOA webpage at: xxx.xx.xxx/xxxx/xxxx/xxxxxxxx.xxx. The Contractor may also be required to report Division certified subcontractor payments directly to the Division, as reasonably requested and in the format required by the Division. The Contractor’s failure to comply with the provisions in this clause may be considered a material breach of the Contract.

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  • Holdings Holdings shall not engage in any material operating or business activities; provided that the following and any activities incidental thereto shall be permitted in any event: (1) its ownership of the Equity Interests of the Borrower and its other Subsidiaries, including receipt and payment of Restricted Payments and other amounts in respect of Equity Interests, (2) the maintenance of its legal existence (including the ability to incur and pay, as applicable, fees, costs and expenses and Taxes relating to such maintenance) and the payment of any tax distributions pursuant to Section 7.05(2)(n)(ii)), (3) the performance of its obligations with respect to the Transactions, the Acquisition Agreement, the Loan Documents and any other documents governing Indebtedness permitted hereby, (4) any public offering of its common equity or any other issuance, registration or sale of its Equity Interests, (5) financing activities, including the issuance of securities, incurrence of debt, receipt and payment of dividends and distributions, making contributions to the capital of its Subsidiaries and guaranteeing the obligations of the Borrower and its other Subsidiaries, (6) if applicable, participating in Tax, accounting and other administrative matters on behalf of itself or as a member of any Tax Group and the provision of administrative and advisory services (including treasury and insurance services) to its Subsidiaries of a type customarily provided by a holding company to its Subsidiaries, (7) holding any cash or property (but not operate any property), (8) providing indemnification to officers and directors, (9) merging, amalgamating or consolidating with or into any Person (in compliance with Section 7.03), (10) repurchases of Indebtedness through open market purchases and Dutch auctions, (11) activities incidental to Permitted Acquisitions or similar Investments consummated by the Borrower and the Restricted Subsidiaries, including the formation of acquisition vehicle entities and intercompany loans and/or Investments incidental to such Permitted Acquisitions or similar Investments, (12) any transaction with the Borrower and/or any Restricted Subsidiary to the extent expressly permitted under this Article VII, and (13) any activities incidental or reasonably related to the foregoing.

  • Certification as Small Contractor or Minority Business Enterprise This paragraph was intentionally left blank.

  • Incorporation and Good Standing of the Company and its Subsidiaries The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware and has corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus and to enter into and perform its obligations under this Agreement. Each subsidiary of the Company has been duly organized and is validly existing as a corporation in good standing under the laws of the jurisdiction of its organization and has the requisite power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus. Each of the Company and the subsidiaries is duly qualified as a foreign corporation or foreign partnership to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except for such jurisdictions where the failure to so qualify or to be in good standing would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change. Except as described in the Prospectus, all of the issued and outstanding capital stock or other equity interests of the subsidiaries have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Company free and clear of any security interest, mortgage, pledge, lien, encumbrance or adverse claim. The Company does not own or control, directly or indirectly, any corporation, association or other entity other than the subsidiaries listed in Exhibit 21.1 to the Company’s Annual Report on Form 10-K for the most recently ended fiscal year and other than (i) those subsidiaries not required to be listed on Exhibit 21.1 by Item 601 of Regulation S-K under the Exchange Act and (ii) those subsidiaries formed or acquired since the last day of the most recently ended fiscal year.

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