Non-US Air Filtration Sale Sample Clauses

Non-US Air Filtration Sale. Lender hereby consents to the sale by the Company and its wholly-owned subsidiaries MFRI Holdings (B.V.I.) Ltd and Midwesco Filter Resources Denmark A/S of one hundred percent (100%) of the Equity Interests of Nordic Air Filtration A/S and Nordic Air Filtration Middle East Limited FZC, which are wholly-owned subsidiaries of the Company and comprise the Company’s non-US based air filtration business, to Xxxxxx Holding GmbH ("Xxxxxx") for a purchase price of approximately $11,000,000, without regard to any post-closing adjustments in accordance with the terms of the Non-US Air Filtration Sale Share Purchase Agreement (as defined below). Such sale shall be consummated pursuant to a certain Share Purchase Agreement, dated on or around the date hereof, by and among the Company, MFRI Holdings (B.V.I.) Ltd, Midwesco Filter Resources Denmark A/S, and Xxxxxx (the "Non-US Air Filtration Sale Share Purchase Agreement"), a true and correct copy of which, together with all material exhibits and schedules, has been delivered to Lender.
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