Mexican Operations. 18 ------------------ SECTION 3.20. Year 2000 Compliance.................................18 --------------------
Mexican Operations. Neither the Company nor any ------------------ of its directors or officers has any reason to believe that General Motors Corporation intends to terminate, or modify in any respect which is materially adverse to the Company or its subsidiary, Durakon Mexicana, S.A. de C.V., the project known as GMT805.
Mexican Operations. The property included in the Acquired Assets which is located at the Xxxxxxxx Mexico Facility has been imported in accordance in all material respects with the Mexican custom laws and under a current and valid Maquiladora program held by Xxxxxxxx de Mexico, as the importer of record. No event has occurred, and no circumstances exist, which would reasonably be expected to permit state, local or federal Mexican Governmental Entities to seize, put an Encumbrance on, or otherwise obtain control of any of the Acquired Assets located at the Xxxxxxxx Mexico Facility, other than Taxes that are not yet due and payable in the Ordinary Course of Business.
Mexican Operations. 38 Section 3.17 Contracts.......................................................... 38 Section 3.18 Notes and Accounts Receivable...................................... 40 Section 3.19
Mexican Operations. 55 Section 5.11 Pay-Off Letter.............................................................................. 55 Section 5.12 Prepayment; Releases........................................................................ 55 Section 5.13 Sales Tax Compliance Certificates........................................................... 56 Section 5.14 Financing................................................................................... 56 Section 5.15 Conveyance Taxes............................................................................ 56 Section 5.16 Stockholder Voting Obligations.............................................................. 56 ARTICLE VI - CONDITIONS TO OBLIGATION TO CLOSE..................................................................... 56 Section 6.01 Conditions to Buyer's Obligation............................................................ 56 Section 6.02 Conditions to Seller's Obligation........................................................... 59
Mexican Operations. The property included in the Acquired Assets which is located at the Mexican Facilities has been properly imported in accordance with Mexican custom laws and under a current and valid Maquiladora program held by Xxxxxxxx de Mexico, as the importer of record. None of the Mexican Facilities is owned or operated by Seller. No employees of Seller are also employees of Xxxxxxxx de Mexico. To the Knowledge of Seller, no event has occurred and no circumstances exist which could reasonably be expected to permit state, local or federal Mexican Governmental Authorities to seize, put a Lien on, or otherwise obtain control of any of the Acquired Assets located at the Mexican Facilities. Seller has not taken any action that may adversely affect any of the Acquired Assets located at the Mexican Facilities.
Mexican Operations. (a) Stockholders shall cause (i) Xxxxxxxx de Mexico and Seller to terminate the Existing Export Maquila Contract effective as of the Closing Date and to record the fact of such termination in the Public Registry of Property of the Domicile of Xxxxxxxx de Mexico in the State of Sonora, Mexico and (ii) Xxxxxxxx de Mexico to enter into with Buyer the New Maquila Contract effective as of the Closing Date and such Contract shall be duly recorded in the Public Registry of Property of the Domicile of Xxxxxxxx de Mexico in the State of Sonora, Mexico.
(b) Seller shall obtain and provide to Buyer assurances reasonably satisfactory to Buyer that (i) Buyer will not be liable for any employee-related liabilities for the employees of the Mexican Facilities, upon their termination or otherwise, and (ii) that the tangible personal property included in the Acquired Assets which is located at the Mexican Facilities has been properly imported in accordance with Mexican custom laws and under a current and valid Maquiladora program held by Xxxxxxxx de Mexico, as the importer of record.
Mexican Operations. 85 SECTION 9
Mexican Operations. The Borrower will not maintain any of its inventory in Mexico at any location other than Mataxxxxx, Xxxico unless the Borrower shall have caused to be executed and delivered such documents, instruments and certificates, if any, as are required (in the reasonable determination of the Agent) to ensure that the Credit Parties are at all times in compliance with the terms of Section 7.9(b).
Mexican Operations. During the due diligence period Buyer will evaluate the Mexican operations of the Company and consider a sale of the existing Mexican operations to Xxxx Xxxxxxx and certain other existing CinemaStar management personnel. In the event that Buyer determines to permit such a sale, the sale will be effected by an agreement to be negotiated between the Company and such Company personnel, subject to the approval of the terms of such agreement by Buyer.
