Banking and Finance. 11.1 The members of the Target Group have no bank, building society or other similar accounts other than those specified in the DISCLOSURE LETTER and true and accurate details of those accounts of the UK Companies at close of business on the last banking day preceding the date hereof are set out in the DISCLOSURE LETTER; the Non-UK Companies have no facilities to overdraw their respective bank accounts.
Banking and Finance a) The auspicee agrees that their funds will be administered through an Arts North West bank account.
Banking and Finance. ESI does not have any bank account (whether in credit or overdrawn) other than its bank accounts at the banks disclosed in Schedule 2.36 and its Financial Statements, and there have been no payments out of or drawings against the said accounts since December 31, 2009, except for payment in the ordinary and proper course of business. Each of ESI and its Subsidiaries does not have any liabilities in the nature of borrowings, or in respect of debentures or negotiable instruments, other than in relation to the Notes and cheques drawn in the ordinary course of business on the aforementioned bank accounts, and other than as disclosed in the Financial Statements. Neither ESI nor any of its Subsidiaries is a party to any loan agreement, facility letter, or other agreement for the provision of credit or financing facilities or any agreement for the sale, factoring, or discounting of debts.
Banking and Finance. (a) Each JV Group Company does not have any bank, building society or other similar account (whether in credit or overdrawn) other than its current account at the banks disclosed or referred to in the Memorandum of Disclosure and details of that account, including the overdraft limit thereon, and a copy of the relevant bank mandate is set out in the Memorandum of Disclosure and there have been no payments out of or drawings against the said account except for payment in the ordinary and proper course of business, and the balance on that account is not now substantially different from the balance stated in the Memorandum of Disclosure.
Banking and Finance. 25.1 The Target Companies do not have any bank account (whether in credit or overdrawn) other than its current account at the banks disclosed or referred to in the Disclosure Letter and details of that account, including the overdraft limit thereon, and a copy of the relevant bank mandate are set out in the Disclosure Letter and there have been no payments out of or drawings against the said account except for payment in the ordinary and proper course of business, and the balance on that account is not now substantially different from the balance stated in the Disclosure Letter.
Banking and Finance. Xennex does not have any bank account (whether in credit or overdrawn) other than its bank accounts at the banks disclosed in Schedule 2.34 and its Financial Statements, and there have been no payments out of or drawings against the said accounts since December 31, 2011, except for payment in the ordinary and proper course of business and distributions for all prior years up to and including the year ended December 31, 2011. Xennex does not have any liabilities in the nature of borrowings, or in respect of debentures or negotiable instruments, other than cheques drawn in the ordinary course of business on the aforementioned bank accounts, and other than as disclosed in the Financial Statements. Xennex is not a party to any loan agreement, facility letter, or other agreement for the provision of credit or financing facilities or any agreement for the sale, factoring, or discounting of debts.
Banking and Finance. Glycosan does not have any bank account (whether in credit or overdrawn) other than its bank accounts at the banks disclosed in Schedule 2.37 and its Financial Statements, and there have been no payments out of or drawings against the said accounts since December 31, 2010, except for payment in the ordinary and proper course of business. Glycosan does not have any liabilities in the nature of borrowings, or in respect of debentures or negotiable instruments, other than cheques drawn in the ordinary course of business on the aforementioned bank accounts, and other than as disclosed in the Financial Statements. Glycosan is not a party to any loan agreement, facility letter, or other agreement for the provision of credit or financing facilities or any agreement for the sale, factoring, or discounting of debts.
Banking and Finance. 9.1. The Disclosure Letter sets out details of any loan agreement, facility letter, or other agreement for Indebtedness (other than Intra-Group Payables or Intra-Group Receivables) in excess of (pound)150,000 as at the date of this Agreement for the provision of credit or financing facilities to any Target Company or for the sale, factoring or discounting of its debts.
Banking and Finance. 5.1 No Group Company has outstanding, nor has agreed to create or issue, any loan capital; nor has it factored any of its debts, or engaged in financing of a type which would not be required to be shown or reflected in the Accounts, or borrowed any money which it has not repaid, save for borrowings not exceeding the amounts shown in the Accounts.
Banking and Finance. 20.1 The Company does not have any bank account (whether in credit or overdrawn) other than its bank account at the banks disclosed or referred to in the Disclosure Letter and details of that account, including the overdraft limit thereon, and a copy of the relevant bank mandate are set out in the Disclosure Letter and there have been no payments out of or drawings against the said account except for payment in the ordinary and proper course of business, and the balance on that account is not now substantially different from the balance stated in the Disclosure Letter.
