Salant definition
Examples of Salant in a sentence
Such statements shall be certified to be correct by the chief financial officer of Salant, subject to normal year-end adjustments.
This Agreement has been duly and validly executed and delivered by Apollo and, assuming the due authorization, execution and delivery by Salant, constitutes a legal, valid and binding obligation of ▇▇▇▇▇▇, enforceable against Apollo in accordance with its terms.
All of the deposit accounts, investment accounts or other accounts in the name of or used by Salant or its Subsidiaries maintained at any bank or ot▇▇▇ ▇▇nancial institution are set forth on Schedule 6.14 hereto, subject to the right of each to establish new accounts in accordance with Section 7.18 below.
The term "Effective Date" means the date that Salant receives this Letter Agreement executed by you ▇▇▇ ▇▇u have not revoked this Letter Agreement pursuant to Paragraph 16 herein.
Each Lender acknowledges that the Agent has not made any representation or warranty to it, and that no act by Agent hereinafter taken, including any review of the affairs of Salant and its Subsidiaries or Affiliates, shall be dee▇▇▇ ▇▇ constitute any representation or warranty by Agent to any Lender.
Borrowers hereby acknowledge, confirm and agree that: (a) the Existing Credit Agreement was duly executed and delivered by Salant and is in full force and effect as of the date h▇▇▇▇▇ and (b) the agreements and obligations of Salant contained in the Existing Agreement constitute t▇▇ ▇▇▇al, valid and binding obligations of Salant enforceable against it in accordance with their ▇▇▇▇▇▇tive terms and Salant has no valid defense to the enforcement of such ▇▇▇▇▇▇tions.
Except for the last fiscal quarter of 2001 and the first fiscal quarter of 2002, Salant shall achieve cumulative pre-tax income of at le▇▇▇ $▇,000,000 for each twelve month period through the end of each fiscal quarter during the effectiveness of this Agreement on any renewal hereof.
The basic terms and conditions of the Restructuring as agreed among the Parties are set forth in the Summary of Terms and Conditions (the "Term Sheet") attached hereto as Exhibit A (including Annex I attached hereto), which is incorporated herein and made a part of this Letter Agreement (it being agreed that neither Magten nor Apollo expresses any opinion as to the accuracy of any of the information set forth on Annex I to the Term Sheet, including, without limitation, the enterprise value of Salant).
This Agreement constitutes the entire agreement between Salant and Apollo with respect to the subject matter hereof a▇▇ ▇▇▇ersedes all prior agreements and understandings, both written and oral, between Salant and Apollo with respect to the subject matter hereof; ▇▇▇▇▇▇ed however, that the terms and conditions set forth in the Letter Agreement shall remain in full force and effect.
There has been no reportable event (within the meaning of Section 4043(b) of ERISA) or any other event or condition with respect to any employee pension benefit plan of Salant or any of its Subsidiaries or any of its or ▇▇▇▇▇ ERISA Affiliates which presents a risk of termination of any such plan by the Pension Benefit Guaranty Corporation except as set forth on Schedule 6.12 hereto.