Polo Holdings definition
Examples of Polo Holdings in a sentence
This Agreement has been duly executed and delivered by Holdings, Polo Holdings and the Borrower and constitutes, and each other Loan Document when executed and delivered by the each Loan Party party thereto will constitute, a legal, valid and binding obligation of such Loan Party enforceable against such Loan Party in accordance with its terms.
With respect to each Foreign Pension Plan, none of Holdings, its Affiliates or any of their respective directors, officers, employees or agents has engaged in a transaction which would subject Holdings, Polo Holdings, the Borrower or any other Subsidiary, directly or indirectly, to a tax or civil penalty which could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.
Holdings, Polo Holdings, the Borrower and the other Subsidiaries have insurance in such amounts and covering such risks and liabilities as are in accordance with normal industry practice.
To the extent any of Holdings, Polo Holdings, the Borrower and the other Subsidiaries have entered into written agreements with Resort Condominiums International, Interval International or other exchange networks, each such party and its Subsidiaries are members and participants pursuant to validly executed and enforceable written agreements in such exchange networks, as applicable.
Schedule 1.01(c) set forth each Resort or other location at which Holdings, Polo Holdings, the Borrower or the other Subsidiaries own any such real property with a value reasonably estimated by the Borrower to equal or exceed $1,500,000.
Holdings, Polo Holdings and the Borrower will cause each Domestic Subsidiary and, to the extent no adverse tax consequences to the Borrower would result therefrom, Foreign Subsidiary, to become a Loan Party by executing the Guarantee and Collateral Agreement and each applicable Security Document in favor of the Collateral Agent; provided that Holdings, Polo Holdings and the Borrower shall not be required to cause Excluded Subsidiaries to become Loan Parties.
None of Polo Holdings, the Borrower or any other Loan Party or, to the knowledge of Holdings, Polo Holdings, the Borrower or any other Loan Party, any other person party thereto is in default in the performance or compliance with any material provisions thereof.
The consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which Holdings, Polo Holdings, the Borrower or any other Subsidiary is bound.
As agreed to among Holdings, Polo Holdings, the Borrower, the Administrative Agent and the applicable Lenders from time to time, notices and other communications may also be delivered by e-mail to the e-mail address of a representative of the applicable person provided from time to time by such person.
The Administrative Agent shall notify Holdings, Polo Holdings, the Borrower and the Lenders of the First Amendment Effective Date and such notice shall be conclusive and binding.