Examples of MT Entities in a sentence
No power of attorney currently in force has been granted by any of the MT Entities concerning any Taxes or Tax Return.
Each of the MT Entities is duly qualified to do business in each of the jurisdictions in which the property owned, leased or operated by it or the nature of the business which it conducts requires qualification, except where the failure to so qualify would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.
As of the date of this Agreement, there are severance arrangements currently in effect between the MT Entities and its current or former employees, officers or directors, which are identified in Schedule 2.16.
No action, suit or proceeding (i) shall have been instituted before any court or governmental or regulatory body or instituted by any Governmental Authorities to restrain, modify or prevent the carrying out of the Transactions, or to seek damages or a discovery order in connection with such Transactions, or (ii) which has or may have, in the reasonable opinion of MT, a Material Adverse Effect on the MT Entities.
The MT Entities maintain vacation, severance, disability, death benefit, hospitalization, medical or other plans, arrangements or understandings (whether or not legally binding) providing material benefits to current or former employees, officers or directors of any of the MT Entities (collectively, “MT Benefit Plans”).
The accounts receivable of the MT Entities reflected in the MT Balance Sheet included in the MT Financial Statements have been presented in accordance with U.S. GAAP applied in a manner consistent with the accounting principles applied in the preparation of the MT Financial Statements.
To the MT Entities’ Knowledge, none of the MT Entities is in breach or violation of, or default under, any such Material Permit, and, to the MT Entities’ Knowledge, no basis exists which, with notice or lapse of time or both, would constitute any such breach, violation, nor default, and the Material Permits will continue to be valid and in full force and effect, on identical terms following the consummation of the Share Exchange.
None of the MT Entities have received written notice that any, and to the MT Entities’ Knowledge no, such customer or supplier plans or has threatened to stop or materially decrease the rate of business done with the MT Entities.
None of the MT Entities has violated any money laundering statute or any rules and regulations relating to money laundering statutes (collectively, the “Money Laundering Laws”) and no proceeding involving any MT Entities with respect to the Money Laundering Laws is pending or, to the Knowledge of the MT Entities, is threatened.
The New Third Lien Notes Indenture shall require the MT Guarantor Entities to comply with and to cause their subsidiaries to comply with the covenants set forth in the MyTheresa Issuer Preferred Equity Term Sheet, holders of the New Third Lien Notes will be provided information with respect to the MT Entities as set forth in Annex B, and shall prohibit MT Issuer from issuing any equity that is junior to the Series A Preferred Stock (as defined in Exhibit 4) other than common stock.