Examples of Israeli Loan Party in a sentence
The aggregate fair market value of all Property (other than any intercompany Indebtedness owed by a Principal Company or its Subsidiaries) owned by Subsidiaries of any Principal Company that are not Grantors (other than the Brazilian Loan Party and the Israeli Loan Party) does not exceed $5,000,000.
Each Israeli Loan Party shall obtain the prior written consent of the Administrative Agent before receiving any new grants, funds or benefits, or filing for an application to receive funding from the IIA or the Investment Center or the Binational Industrial Research and Development Foundation or any other Governmental Authority.
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Xxxxxx Xxxxxx and any other Israeli Loan Party from time to time party hereto, is not a “Breaching Company” under Section 362A of the Israeli Companies Laws 5759-1999.
Each Israeli Loan Party shall obtain the prior written consent of the Agent before receiving any new grants, funds or benefits, or filing for an application to receive funding from the IIA or the Investment Center or the Binational Industrial Research and Development Foundation or any other Governmental Authority.
In addition, any realization of a Lien on the IIA-Funded Know-How or (potentially) in Capital Stock in an Israeli Loan Party that owns IIA-Funded Know-How will be subject to receiving an undertaking of the grantee, potential buyer or any other transferee to assume the applicable obligations in respect of such IIA-Funded Know-How in accordance with the Research Law and in accordance with the terms of the program pursuant to which grants were provided to the applicable Loan Party.
As of the Closing Date, no Israeli Loan Party has received any grants, funds or benefits (including, but not limited to, tax benefits) from the IIA (formerly known as, the National Authority for Technological Innovation) or any other Governmental Authority except as provided in Schedule 5.26.
As of the Closing Date, no Israeli Loan Party will be a “company in violation” under Section 362A of the Companies Law.
The Borrower and any other Israeli Loan Party from time to time party hereto, is not a “Breaching Company” under Section 362A of the Israeli Companies Laws 5759-1999.
No Israeli Loan Party has instituted, negotiated, signed or become a party to any arrangement (including (“hesder prisa”), settlement, compromise or any similar agreement of any kind or nature whatsoever with any Israeli tax authority, the National Insurance Institute of Israel or any other Governmental Authority, according to which the payments or obligations of an Israeli Loan Party towards such entities will be rescheduled, deferred or otherwise paid in instalments.