Examples of Cayman Guarantor in a sentence
Lombard Cayman Guarantor and its Subsidiaries, when taken as a whole, are Solvent.
All consolidated financial statements for Lombard Cayman Guarantor and its Subsidiaries (including Borrower), delivered to Collateral Agent fairly present, in conformity with IFRS, in all material respects the consolidated financial condition of Borrower and its Subsidiaries and the Lombard Cayman Guarantor and its Subsidiaries, and the consolidated results of operations of Borrower and its Subsidiaries and the Lombard Cayman Guarantor and its Subsidiaries.
The Lombard Cayman Guarantor may (at its sole discretion) procure that any of its Subsidiaries (other than Dormant Companies) which are not Grantors shall accede to the provision of this Deed as an Additional Guarantor by the delivery to the Collateral Agent of a duly completed and executed accession deed together with such other documentation and evidence as the Collateral Agent shall require, acting reasonably, each in a form and substance satisfactory to it.
Other than estimates of normal course cash expenditures included in the Annual Projections, there has not been any material deterioration in the consolidated financial condition of Lombard Cayman Guarantor and its Subsidiaries since the date of the most recent financial statements submitted to any Lender.
The Collateral Agent hereby consents to Lombard Cayman Guarantor entering into the Merger Agreement and consummating the Merger on the date hereof, strictly in accordance with the terms of the Merger Agreement and, to the extent that any waivers under the Guarantee are required for Lombard Cayman Guarantor to enter into the Merger Agreement and consummate the Merger, the Collateral Agent hereby provide such waivers.
This Agreement has been entered into by the parties hereto and executed as a deed by each of the Borrower, ParentCo, the Cayman Guarantor, the HK Guarantor, the WOFE Guarantor, the VIE Entity, the Distribution Account Holder and the Original Subordinated Creditor is intended to be and is delivered by each of them as a deed.
If any Financial Indebtedness owing under the Japanese Distribution Agreement exceeds at any time $US2,500,000, (any such amount in excess being the “Excess”), Lombard Medical Technologies Limited will promptly, and the Lombard Cayman Guarantor shall procure that it will comply, transfer an amount equal to the Excess to the Blocked Account.
In order to facilitate the administration of the Loans and Agent’s security interest in the Obligor’s assets, each of Parent, the Cayman Guarantor and Borrower shall maintain Bank as their respective principal depository bank, including for the maintenance of operating and deposit accounts, lockbox administration, funds transfer, information reporting services and other treasury management services.
Borrower, Parent, the Cayman Guarantor and any other Person that is a Guarantor and that has granted a Lien or any security interest pursuant to a Security Document in favor of Agent on its assets to secure any Obligations.
Except as may arise under the Finance Documents, none of the Parent, the Borrower, the HK Guarantor and the Cayman Guarantor has traded or incurred any liabilities or commitments (actual or contingent, present or future) other than as permitted by Clause 23.9 (Holding Companies).