Common Contracts
2 similar Framework Letter contracts by Elbit Vision Systems LTD
ENGLISH SUMMARY OF THE FRAMEWORK LETTER (ORIGINAL LANGUAGE – HEBREW) BY AND BETWEEN ELBIT VISION SYSTEMS LTD. ("EVS") SCANMASTER SYSTEMS (IRT) LTD. ("SCANMANSTER") (TOGETHER, THE "DEBTORS") AND BANK HAPOALIM LTD. (THE "BANK") Dated May 27, 2010 (the...Framework Letter • December 23rd, 2010 • Elbit Vision Systems LTD • Industrial instruments for measurement, display, and control
Description: Letter pursuant to which Bank Hapoalim Ltd. (the "Bank"), within the framework of the sale of ScanMaster Ltd., consents to the sale of ScanMaster and EVS shares, sets the terms for the outstanding obligations of the Debtor's to the Bank and agrees to waive certain outstanding debts. Guarantees To guarantee the Debtors' debts to the Bank, both EVS and ScanMaster have created unlimited first ranking floating charges in favor of the Bank, on all of their assets and rights. The Bank's prior written consent is required for any change in control or in structure in EVS and/or ScanMaster. Bank Consent to Sale The Bank consents to:
ENGLISH SUMMARY OF THE FRAMEWORK LETTER (ORIGINAL LANGUAGE – HEBREW) BY AND BETWEEN ELBIT VISION SYSTEMS LTD. ("EVS") SCANMASTER SYSTEMS (IRT) LTD. ("SCANMANSTER") (TOGETHER, THE "DEBTORS") AND BANK HAPOALIM LTD. (THE "BANK") Dated May 27, 2010 (the...Framework Letter • July 15th, 2010 • Elbit Vision Systems LTD • Industrial instruments for measurement, display, and control
Description: Letter pursuant to which Bank Hapoalim Ltd. (the "Bank"), within the framework of the sale of ScanMaster Ltd., consents to the sale of ScanMaster and EVS shares, sets the terms for the outstanding obligations of the Debtor's to the Bank and agrees to waive certain outstanding debts. Guarantees To guarantee the Debtors' debts to the Bank, both EVS and ScanMaster have created unlimited first ranking floating charges in favor of the Bank, on all of their assets and rights. The Bank's prior written consent is required for any change in control or in structure in EVS and/or ScanMaster. Bank Consent to Sale The Bank consents to:
