No Property. The Guarantor shall not have interest in any property or assets other than: (i) the holding of ownership interests in other Subsidiaries, (ii) receivables owing from the Canadian Borrower or other Subsidiaries and (iii) cash on hand.
No Property. The Company does not have any legal or equitable right, estate or interest in any land or buildings and does not use or occupy any land or buildings.
No Property. No property will be acquired, held, used, or disposed of in connection with this Agreement.
No Property. No property shall be jointly acquired, held, or distributed by and between the parties as part of this agreement.
No Property. The Borrower shall not permit Baytex Luxembourg to have interest in any property or assets other than: (i) receivables owing from Baytex U.S., (ii) the Luxembourg Parent Loans and (iii) cash on hand; provided that, Baytex Luxembourg shall not have aggregate cash on hand in excess of U.S.$5,000,000 (or the equivalent amount thereof in any other currency) for more than 2 Banking Days.
No Property of the Borrower nor the operations conducted thereon violate any Environmental Laws or any order or requirement of any court or Governmental Authority to the extent pertaining to human health or the environment, nor are there any conditions existing on or resulting from operations conducted on or in connection with such Property that may give rise on any on-site or off-site remedial obligations under any Environmental Laws;
No Property. The Borrower shall not permit Baytex Hungary to have interest in any property or assets other than: (i) receivables owing from Baytex U.S., (ii) the Hungary Parent Loans and (iii) cash on hand; provided that, Baytex Hungary shall not have aggregate cash on hand in excess of U.S.$100,000 (or the equivalent amount thereof in any other currency) for more than 2 Banking Days.
No Property. As of the day immediately prior to the Effective Date and continuing through the Effective Time, Holdco will not own any property other than (i) cash, (ii) accounts receivable in respect of tax refunds, (iii) other immaterial property (provided that such immaterial property is acceptable to the Offeror), and (iv) the Tendered Sterlite Shares.
No Property of the Borrower or any Subsidiary of the Borrower is subject to any Environmental Property Transfer Act, or to the extent such acts are applicable to any such Property, the Borrower and/or such Subsidiary whose Property is subject thereto has fully complied with the requirements of such acts; and
No Property. Related Pending Actions or Claims. There are no --------------------------------------------- actions, suits or proceedings, or demands, claims, notices or investigations (including without limitation notices, demand letters or requests for information from any environmental agency) instituted, pending or, to the best knowledge of Topaz and the Shareholders, threatened, relating to the liability of any properties owned or operated by Topaz or in which such entity has a security interest under any Environmental Law.
