MPW Company definition
Examples of MPW Company in a sentence
Each MPW Company and its properties are insured with financially sound and reputable insurance companies which are not Affiliates of the MPW Companies, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where such MPW Companies operate.
No MPW Company is an “investment company” or a company “controlled” by an “investment company” or a “subsidiary” of an “investment company,” within the meaning of the Investment Company Act of 1940.
As of the Closing Date, except as set forth on Schedule 9.8, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities of any MPW Company.
No MPW Company is a “holding company”, or a “subsidiary company” of a “holding company,” or an “affiliate” of a “holding company” or of a “subsidiary company” of a “holding company,” within the meaning of the Public Utility Holding Company Act of 1935.
Schedule 9.8 sets forth the authorized Capital Securities of each MPW Company as of the Closing Date.
Any representation or warranty made by any Borrower herein or any other Loan Document is breached or is false or misleading in any material respect, or any schedule, certificate, financial statement, report, notice or other writing furnished by any MPW Company to the Administrative Agent or any Lender in connection herewith is false or misleading in any material respect on the date as of which the facts therein set forth are stated or certified.
Not, and not permit any other MPW Company to, cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business, and except for the cancellation of debts or claims not to exceed $50,000 in any Fiscal Year.
Set forth on Schedule 9.16 is a complete and accurate summary of the property and casualty insurance program of the MPW Companies as of the Closing Date (including the names of all insurers, policy numbers, expiration dates, amounts and types of coverage, annual premiums, exclusions, deductibles, self-insured retention, and a description in reasonable detail of any self-insurance program, retrospective rating plan, fronting arrangement or other risk assumption arrangement involving any MPW Company).
There are no existing or threatened strikes, lockouts or other labor disputes involving any MPW Company that singly or in the aggregate could reasonably be expected to have a Material Adverse Effect.
Neither the Administrative Agent nor any Lender has any fiduciary relationship with or duty to any MPW Company arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the MPW Companies, on the one hand, and the Administrative Agent and the Lenders, on the other hand, in connection herewith or therewith is solely that of debtor and creditor.