Aerostructures Filing Entities definition
Examples of Aerostructures Filing Entities in a sentence
Neither any Borrower nor any of their Subsidiaries (other than, solely to the extent a result of the pendency of Voluntary Insolvency Proceedings, the Aerostructures Filing Entities) is in violation of (i) any term of its certificate of incorporation, bylaws, or other organizational documents or (ii) any material agreement or instrument to which it is a party or by which it or any of its properties may be subject or bound where such violation would constitute a Material Adverse Change.
Except as set forth on Schedule 6.1.7, there are no actions, suits, proceedings or investigations pending or, to the knowledge of any Borrower, threatened against any Borrower or any Subsidiary of any Borrower (other than the Aerostructures Filing Entities solely to the extent a result of the pendency of Voluntary Insolvency Proceedings) at law or equity before any Official Body which would, individually or in the aggregate, be reasonably likely to result in any Material Adverse Change.
For the avoidance of doubt, notwithstanding the foregoing proviso or anything in this Agreement to the contrary, the commencement of Voluntary Insolvency Proceedings by the Aerostructures Entities (or any of them) shall be an Event of Default solely with respect to the Aerostructures Filing Entities.
The Borrowers and their Subsidiaries (other than the Aerostructures Filing Entities during the Aerostructures Bankruptcy Period), at all times following the Eighth Amendment Effective Date, (i) shall continue to conduct their business in the ordinary course consistent with past practice (provided that the cash needs of Triumph Structures - Xxxxxxx, Inc.
Each Borrower shall, and shall cause each of its Subsidiaries (other than the Aerostructures Filing Entities during the Aerostructures Bankruptcy Period) to, maintain in full force and effect all patents, trademarks, trade names, copyrights, licenses, franchises, permits, intellectual property and other authorizations necessary for the ownership and operation of its properties and business if the failure so to maintain the same would constitute a Material Adverse Change.
To the extent permitted by applicable Law, the Borrowers shall cause one or more of their Subsidiaries (other than the Aerostructures Filing Entities during the Aerostructures Bankruptcy Period) to pay cash dividends to the Borrowers (directly or through one or more Subsidiaries) from time to time, in aggregate amounts as necessary to permit the Borrowers to pay and satisfy the Obligations when due and payable (by acceleration or otherwise).
TGI and its Subsidiaries (other than the Aerostructures Filing Entities during the Aerostructures Bankruptcy Period) will pay all such liabilities forthwith upon the commencement of proceedings to foreclose any Lien which may have attached as security therefor, except to the extent that TGI or its relevant Subsidiary is contesting such liabilities in good faith and has posted an appropriate bond therefor or taken such other actions as are necessary to suspend such foreclosure proceedings.
In the case of consolidated financial statements delivered pursuant to clause (b)(x) above, such consolidated statements shall be certified by a responsible officer of the Aerostructures Filing Entities.