Mexican Facility Sample Clauses
The "Mexican Facility" clause defines the terms and conditions governing a specific credit or loan arrangement provided to a borrower in Mexico. This clause typically outlines the structure of the facility, including the maximum amount available, the permitted uses of funds, and any special requirements or covenants applicable under Mexican law. For example, it may specify the local currency, regulatory compliance obligations, or collateral arrangements unique to Mexican transactions. Its core practical function is to ensure that the financing arrangement is tailored to the legal and operational context of Mexico, thereby facilitating cross-border lending while managing jurisdiction-specific risks.
Mexican Facility. All representations and warranties of the Company or any of its Subsidiaries contained in any Mexican Facility Document are true and correct in all material respects. All agreements, instruments and documents executed or delivered pursuant to the Mexican Facility are described on Schedule 1.1(B) hereto. There is no Event of Default or event or condition which could become an Event of Default with notice or lapse of time or both, under the Mexican Facility Documents and each of the Mexican Facility Documents is in full force and effect. The Mexican Facility provides an aggregate of $75,000,000 of financing and provides sufficient financing to complete the acquisition, construction and equipping of the Mexican Manufacturing Facility. No commitment to lend or otherwise advance funds has been terminated under the Mexican Facility Documents. The maximum amount of the Mexican Facility Tranche A Loans is $63,000,000. The obligations and liabilities under the Mexican Facility Tranche A Guaranty do not and will not exceed the outstanding amount of the Mexican Facility Tranche A Loans and, other than the Mexican Facility Guaranty, there are no, and will not be any, liabilities or obligations, direct, contingent or otherwise, of any kind owing by the Company or any of its Subsidiaries (other than the Mexican Subsidiaries) pursuant to the Mexican Facilities.
Mexican Facility. Any commitment to lend or other obligation to advance funds pursuant to the Mexican Facility or otherwise under the Mexican Facility Documents shall be terminated for any reason or any Loan Agreement Event of Default (as defined in the Mexican Facility Documents) or other default shall occur under the Mexican Facility Documents.
Mexican Facility. The Mexican Facility shall close on the Effective Date in accordance with the form of Mexican Facility Documents delivered to the Agent prior to the Effective Date.
Mexican Facility. The Company shall terminate or otherwise dispose of its interest in the CONAV, PESCO and ENIMEX facilities in Mexico (collectively the "Mexican Operation") without risk, liability or continued cost after the Effective Time to the Company (in form and substance satisfactory to Parent), or the Company shall cause the Mexican Operation to be shut down such that all contracts related to the Mexican Operation shall have been terminated without cost, risk or liability to the Company (in form and substance satisfactory to Parent) and all employees employed by the Mexican Operation shall have been severed without cost, liability or risk to the Company (in form and substance satisfactory to Parent).
Mexican Facility. Seller owns and operates a manufacturing facility in Ciudad ▇▇▇▇▇▇, Chihuahua, Mexico ("Mexican Facility". Waste from the Mexican Facility is legally imported into the United States for disposal. For regulatory identification and compliance purposes, the Mexican Facility was registered under the name and address of the Angleton Division. Seller represents and warrants to Purchaser that it has changed the registration of the Mexican Facility to a Seller entity other than the Angleton Division and has complied with all laws, rules, regulations, international protocols and/or agreements, and other applicable requirements, necessary to: (1) change such registration; and (2) otherwise properly notify the proper authorities of such change and waste importation activities. None of the products or waste generated at the Mexican Facility was for or had any relation to the Angleton Division.
Mexican Facility. COVENANTS........................................................................................ 5.1
Mexican Facility