Examples of Corporate Obligors in a sentence
The Company has no Subsidiaries except the other Corporate Obligors.
All payments due from Corporate Obligors, or for which any claim may be made against Corporate Obligors, on account of wages and employee health and welfare insurance and other benefits, have been paid or properly accrued in accordance with GAAP as a liability on books of the applicable Corporate Obligor.
Except as set forth on ------------------------------------- Schedule 6.8 attached hereto, no action, suit, litigation, administrative or ------------ governmental proceeding is pending, or to the knowledge of any officer of any of the Corporate Obligors, is threatened against any of the Corporate Obligors or any of their respective properties in which the amount involved exceeds $100,000.00 in the aggregate.
The Corporate Obligors and ------------------------------------ Xxxxx hereby reaffirm all of their representations and warranties to the Bank contained in the Loan Documents, and warrant that such representations and warranties are true and correct as of the date of this Forbearance Agreement.
The locations of ------------------------------------------------ all of the Corporate Obligors' inventory, equipment, warehouses, sales offices, main offices, and product distribution centers are listed on Schedule 6.3 ------------ attached hereto.
Borrower acknowledges that all inspections, appraisals and reports are prepared by Lender for its purposes, and Borrower shall not be entitled to rely upon them; Borrower shall reimburse Lender for all reasonable charges, costs and expenses of Lender in connection with examinations of any Corporate Obligor's books and records or any other financial or Collateral matters (including inspections, field exams and appraisals) as Lender deems appropriate.
Funds made available to carry out this sub- part shall remain available until expended.
The assets of the Corporate Obligors and their Subsidiaries (including, without limitation, the Properties and all Mortgaged Properties) are insured with financially sound and reputable insurance companies which are not Affiliates of Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar business and owning similar assets in localities where the applicable Corporate Obligor or Subsidiary operates.
No authorization, consent or approval of, or other action by, and no notice of or filing with, any governmental authority or regulatory body is required to be obtained or made by any of the Corporate Obligors for the due execution, delivery and performance of this Forbearance Agreement.
TI, Parent, and each Obligor identified as a corporation in any of the Loan Documents (collectively, "Corporate Obligors," and, individually, a "Corporate Obligor") is organized, validly existing and in good standing under the laws of the state of its incorporation.