Finance, borrowing and guarantees. 10.1 The Disclosure Letter contains true and accurate details of all investment, deposit and bank accounts maintained by or on behalf of each Group Company and of the banks or other financial institutions at which those accounts are kept.
Finance, borrowing and guarantees. Section 3.14 of the Disclosure Schedule contains full details of all investment, deposit and bank accounts maintained by or on behalf of InfoBasis and of the banks or other financial institutions at which those accounts are kept. Accurate details of all overdrafts, loans or other financial facilities outstanding or available to InfoBasis are set out in Section 3.14 of the Disclosure Schedule, whether or not such facilities are of a type which would be required to be shown in or reflected in the Financial Statements (including any indebtedness for moneys borrowed or raised under any acceptance credit, bond, note, xxxx of exchange or commercial paper, finance, lease, hire purchase agreement, trade bills (other than those on terms normally obtained) forward sale or purchase agreement or conditional sale agreement or other transaction having the commercial effect of a borrowing) and, except as fully and fairly disclosed in section 3.14 of the Disclosure Schedule, copies of all documents relating to such matters are included on the Disclosure Disk. Neither the Sellers nor InfoBasis has done anything whereby the continuance of any such facilities in full force and effect might be affected or prejudiced. InfoBasis is not a party to and is not liable (including contingently) under a guarantee, indemnity or other agreement to secure or incur a financial or other obligation with respect to another person’s obligation. No part of the loan capital, borrowing or indebtedness in the nature of borrowing of InfoBasis is dependent on the guarantee or indemnity of, or security provided by, another person. InfoBasis does not have outstanding any Encumbrance or any obligation (including a conditional obligation) to create any Encumbrance. InfoBasis is not liable to repay an investment or other grant or subsidy made to it by a body (including the Department of Business, Enterprise and Regulatory Reform or its predecessor).
Finance, borrowing and guarantees
