Silvermex Subsidiaries definition
Examples of Silvermex Subsidiaries in a sentence
No property or asset of Silvermex or any of the Silvermex Subsidiaries (including any Mineral Rights) has been taken or expropriated by any Governmental Entity nor has any notice or proceeding in respect thereof been given or commenced nor, to the knowledge of Silvermex, is there an intent or proposal to give such notice or to commence such proceeding.
Neither Silvermex nor any of the Silvermex Subsidiaries has received any notice of any non-compliance with any Environmental Laws or Environmental Permits, and none of Silvermex or any of the Silvermex Subsidiaries have been convicted of an offence of non-compliance with any Environmental Laws or Environmental Permits or been fined or otherwise sentenced or settled such prosecution short of conviction.
Silvermex and/or the Silvermex Subsidiaries are up to the date in the payment of all local, state and/or federal taxes with respect to the Silvermex Real Property, including payments for the use of water and electricity.
All records, systems, controls, data or information (including any digital, electronic, mechanical, photographic or other technological process or device whether computerized or not) required to operate the Business are in the full possession and control of and are owned exclusively by Silvermex or the Silvermex Subsidiaries.
Schedule 3.1.22 sets out a complete and accurate list of all policies and other forms of insurance (collectively, “Insurance Policies”) held by Silvermex and the Silvermex Subsidiaries.
The minute and record books of Silvermex and each of the Silvermex Subsidiaries contain complete and accurate minutes in all material respects of all meetings of, and copies of all resolutions passed by, or consented to in writing by, its directors (and any committees thereof) and shareholders since its incorporation, all such meetings were duly called and held and all such resolutions were duly passed or enacted.
Silvermex or the Silvermex Subsidiaries own or lease all of the property and assets used in or necessary for the conduct of the Business as it is currently being conducted with good and marketable title to all property and assets which are owned by Silvermex or any Silvermex free and clear of any and all Encumbrances.
Silvermex or the Silvermex Subsidiaries has good marketable title in fee simple to the Silvermex Real Property, free and clean of all Encumbrances, easements or restrictions of any other kind.
There is no civil, criminal or administrative action, suit, demand, claim, hearing, notice of violation, investigation, proceeding, notice or demand letter existing or pending, or to the best knowledge of Silvermex, threatened, relating to the property or assets owned or used by Silvermex or any of the Silvermex Subsidiaries, relating in any way to any Environmental Laws.
Silvermex and each of the Silvermex Subsidiaries has performed all of the material obligations required to be performed by it, and is entitled to all benefits under, and is not in default in respect of, any Material Agreement to which it is a party.