Examples of Na Pali in a sentence
The Borrower and each Subsidiary have good and marketable title to all Properties purported to be owned thereby, free and clear of any Liens, except (i) the Liens granted to the Agent for the benefit of the Lenders under the Loan Documents and (ii) the Liens against the assets of Na Pali set forth on Schedule 3.5A.
On October 31, 2013, non-Debtor foreign subsidiaries of Quiksilver, Na Pali S.A.S. (“Na Pali”), Emerald Coast S.A.S., Kauai GmBH, Lanai Ltd., and Sumbawa SL (collectively, the “EMEA Subsidiaries”) entered into a €60 million agreement with Eurofactor, a French financial institution (the “Eurofactor Agreement”), pursuant to which Eurofactor agreed to provide financing secured by the EMEA Subsidiaries’ trade receivables that meet certain eligibility criteria.
Na Pali may terminate the Eurofactor Agreement at any time during the initial three year term.
Na Pali is jointly and severally liable for the obligations of the other EMEA Subsidiaries’ obligations under the Eurofactor Agreement.
In addition, Na Pali agreed to transfer certain existing credit insurance policies to Eurofactor.
The EMEA Subsidiaries (other than Na Pali) are jointly and severally liable, up to an aggregate amount of €20 million, for the obligations of the other EMEA Subsidiaries.
NAMES AND JURISDICTIONS OF SUBSIDIARIES Subsidiary Name Jurisdiction --------------- ------------ Na Pali, S.A. France QS Retail, Inc.
Emerald Coast SAS France Kokolo SARL France Na Pali SAS France Meribel SAS (formerly known as Na Pali Entertainment SARL) France Na Pali Europe SARL France Omareef Europe SAS France Tavarua SCI France Echo Beach Café SARL France Tanna SARL France Marina Travels SARL France Zebraska SARL France Subsidiary Name Jurisdiction Pilot SAS France Ski Expansion SAS France Tyax SNC France Tuamotu SARL France Kauai GmBH Germany Makaha GmBH Germany Quiksilver Asia Sourcing Ltd.
Permit Na Pali and its Subsidiaries to have outstanding at any time credit commitments thereto (including commitments in the form of borrowing commitments, commitments to issue letters of credit and bank overdraft line commitments), and Indebtedness resulting therefrom or otherwise, in an aggregate principal amount in excess of $95,000,000.
As of the date of this Agreement, the Borrower has (a) no Material Domestic Subsidiaries and (b) no Material Foreign Subsidiaries other than Na Pali.