Examples of Arrow Bidco in a sentence
On the Closing Date, immediately following the making of any Revolver Loans and after giving effect to the application of the proceeds of such Loans and the consummation of the other Transactions, Arrow Bidco and its Subsidiaries, taken as a whole, are Solvent.
Notwithstanding the foregoing, for purposes of determining compliance with any covenant contained herein, Indebtedness of Arrow Bidco and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of any accounting principles on financial liabilities shall be disregarded.
Each Loan Party shall at all times cause the Unit Subsidiary to be a direct, Wholly-Owned U.S. Subsidiary of Arrow Bidco or another Loan Party.
Subject to the terms and conditions set forth herein and in accordance with the Delaware Act, at the Effective Time, Target Parent shall merge with and into Arrow Bidco, the separate existence of Target Parent shall cease and Arrow Bidco shall continue as the surviving company in the Merger.
On the Closing Date, Arrow Bidco shall cause the Merger to be consummated by filing a duly executed and delivered certificate of merger as required by the Delaware Act (the “Certificate of Merger”) with the Secretary of State of the State of Delaware, in such form as required by, and executed in accordance with the relevant provisions of, the Delaware Act (the time of such filing, or such other time as Arrow Bidco shall specify in the Certificate of Merger, the “Effective Time”).
At and after the Effective Time, the certificate of formation and limited liability company agreement of Arrow Bidco, as in effect immediately prior to the Effective Time, shall be the certificate of formation and limited liability company agreement of the Surviving Company, in each case, until amended in accordance with the Delaware Act.
From and after the Effective Time, the Persons serving as managers and/or officers of Arrow Bidco immediately prior to the Effective Time shall be the initial managers and/or officers of the Surviving Company until their respective successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the certificate of formation and bylaws of the Surviving Company and applicable Law.
Upon consummation of the Acquisitions, Holdings became the sole member of Arrow Bidco, which became the sole member of each of RX Xxxxxx and Target Logistics.
The Certificate of Merger, duly executed by Arrow Bidco, shall have been delivered and filed in accordance with applicable Law.
As used herein, the following terms have the meanings set forth below: 2024 Senior Secured Notes: the $340,000,000 in aggregate principal amount of 9.50% Senior Secured Notes due 2024 of Arrow Bidco issued under the 2024 Senior Secured Notes Indenture.