Examples of Kmart Agreement in a sentence
The Lead Borrower has been assigned all of the right, title and interest of Melville Corporation under the Kmart Agreement and the Lead Borrower has not assigned any of such right, title and interest thereunder to any Person.
In 2008, Kmart and the Company entered into discussions with respect to the termination of the Kmart Agreement and the sale of certain intellectual property to Kmart.
Such dissolution is anticipated to be effected pursuant to a plan of dissolution which will be submitted for the approval of Stockholders in 2009 after expiration of the Kmart Agreement and the satisfaction in full of the Obligations under the Company’s Amended and Restated Exit Credit Agreement dated as of February 7, 2006 (as amended).
The Company will not permit any amendment or modification to be made to, or any waiver of its rights or the rights of any Subsidiary under, the Kmart Agreement and material agreements entered into in connection therewith, unless such amendment, modification or waiver does not materially adversely affect the Borrowers and the Guarantors taken as a whole or adversely affect the rights of the Banks under the Loan Documents.
No amendment has been made to the Kmart Agreement not permitted under this Agreement.
The Company will not permit any amendment or modification to be made to, or any waiver of its rights or the rights of any Subsidiary under, any Spin-Off Document or the Kmart Agreement unless such amendment, modification or waiver does not materially adversely affect the Company or the Banks, as determined in good faith by the Company.
To the extent necessary to assign the Kmart Agreement as permitted by and in accordance with its terms, the Debtors or Reorganized Debtors are authorized to take all corporate actions to establish new affiliated entities to which the Kmart Agreement will be assigned.
As of the Closing Date, no action in the Kmart Corporation Chapter 11 proceeding has been taken by any Person to assume or reject the Kmart Agreement or to delay or decrease payments thereunder or to modify it in any manner not permitted hereunder.
Final approval of the disclosure statement is contingent upon resolution of the Debtors' pending motion to assume an agreement with Kmart Corporation (the "Kmart Agreement") and Kmart Corporation's motion to terminate the Kmart Agreement.
Each of the Kmart Agreement and each material agreement contemplated by the Kmart Agreement and entered into in connection therewith is in full force and effect and no default exists thereunder on the part of the Company or any of its Affiliates or, to the knowledge of the Company or any of its Subsidiaries, on the part of Kmart Corporation or any of its affiliates.