Examples of Israeli Guarantor in a sentence
No Israeli Guarantor or other Obligor is party to an installment arrangement (“hesder prisa”) with the Israeli Tax Authority, the National Insurance Institute of Israel (“Bituach Leumi”) or any municipal authority in Israel, and no obligations of such Obligor to any of such entities will be rescheduled, deferred or otherwise paid in instalments or can or will be classified as “Preferred Debts” (“hovot be-din kadima”) under Section 234(a)(5) of the Israeli Insolvency and Economic Rehabilitation Law.
An Israeli Guarantor shall, and each Israeli Guarantor does hereby, and at all times shall, irrevocably and unconditionally waive any right it may have to object to any application by the Collateral Agent to a court of competent jurisdiction to exercise the powers accorded to it under this Agreement or similar powers, or to appoint a trustee, administrator, receiver, liquidator or other official with such or similar powers.
In addition, in connection with each assignment, the Parent and each other Israeli Guarantor shall deliver to the assignee (unless such assignee is already a Lender) an executed Approval for Consortium Arrangement Letter.
Administrative Agent shall promptly provide Israeli Guarantor with evidence of the due filing for registration of the notices to charges (Form 10) and the Form 10 Deliverables stamped ‘nitkabel’ by the Israeli Companies Registrar upon receipt of the same.
The Parent Guarantor, the Israeli Guarantor, the Borrower and the Lenders agree to report all U.S. federal income tax matters with respect to the issuance of the Loans, any Existing Warrant Certificate consistent with the provisions of this Section 2.06 unless otherwise required by applicable law.
Neither the Parent Guarantor, the Israeli Guarantor nor any of their respective Subsidiaries has any material contingent liabilities or unusual forward or long-term commitments not disclosed in the aforementioned financial statements.
The Administrative Agent shall have received this Amendment, duly executed by the Borrower, the Parent Guarantor, the Israeli Guarantor and each of the Majority Lenders.
We had no asset impairment charges related to contract assets during 2022 or 2021.
The Administrative Agent shall be satisfied with (i) bring down Lien searches regarding the Subsidiaries of the Parent Guarantor and (ii) the Israeli Lien Searches with respect to the Parent Guarantor and the Israeli Guarantor, in each case made within twenty (20) Business Days prior to the Borrowing of the Tranche 3 Loans.
The resolutions of the Board of the Israeli Guarantor referred to the above in this clause (b) shall certify, pursuant to sections 256(d) and 282 of the Israeli Companies Law, that all approvals, as required under the Israeli Companies Law (including, without limitation, under sections 255, 270-272 and Section 277 thereof) and the Organic Documents of the Israeli Guarantor, have been duly obtained for, amongst other things, the Transactions.