Sea Coast definition
Examples of Sea Coast in a sentence
There has been no amendment to, written interpretation of or announcement (whether or not written) by the Company or Sea Coast relating to, or change in employee participation or coverage under, any Plan that would increase materially the expense of maintaining such Plan above the level or expense incurred in respect thereof for the most recent fiscal year ended prior to the date hereof.
The Company and Sea Coast shall request each of their respective Representatives to submit invoices to them no earlier than three (3) Business Days prior to the Closing Date in respect of any amounts payable by the Company and/or Sea Coast to such Representatives as of the date of such invoice.
Except as set forth in Section 6.23 of the Company Disclosure Schedule, since January 1, 2002, the Company has not instituted any material recalls or withdrawals of products produced or sold by the Company or Sea Coast, and there has not been any similar action of any Governmental Entity with respect to such products.
Either (i) the Confirmation Order shall expressly provide that each Material License be (x) in full force and effect following the Closing, (y) free and clear of any Liens other than any Liens granted in connection with the Financing and (z) if applicable, assumed by the Company or Sea Coast (as appropriate) pursuant to Section 365 of the Bankruptcy Code or (ii) the License Consents shall have been obtained and shall be in effect on the Closing Date.
Each of the Borrower and Sea Coast has good and marketable title to all items of Collateral pledged by it, free and clear of any Liens, except Permitted Liens.
The Company and Sea Coast maintain policies of insurance in amounts that the Company believes to be reasonably sufficient to insure against risks usually insured against by Persons operating similar businesses or properties of similar size in the localities where such businesses or properties are located and have been issued by insurers of recognized responsibility.
Subject to the Exceptions, and except as set forth in Section 6.18 of the Company Disclosure Schedule, none of the executive officers or directors (or immediate family members thereof) of the Company or Sea Coast nor any Five Percent Holder is party to any Contract with the Company or Sea Coast or has any material interest in any property, real, personal or mixed, tangible or intangible, owned by or used in the business of the Company or Sea Coast.
The Company does not own any direct or indirect equity interest in any entity other than Sea Coast.
Upon commencement of the Bankruptcy Case, the Company and Sea Coast shall promptly seek to obtain the Confirmation Order with respect to the Bankruptcy Plan, the Other First Day Orders and the Break-Up Payment Order.
All deposits applicable law requires to be made by or with respect to Sea Coast with respect to employees’ withholding and other employment taxes have been made.