Common use of HD Supply Acquisition Clause in Contracts

HD Supply Acquisition. The Administrative Agent shall be satisfied with the HD Supply Acquisition Documents (it being acknowledged that the Administrative Agent is satisfied with the HD Supply Purchase Documents provided on or prior to July 22, 2015) and shall have received a true, correct and complete copy of the same. None of the Targets nor the HD Sellers have (1) announced that it will oppose the HD Supply Acquisition or (2) commenced any action which alleges that the HD Supply Acquisition will violate applicable law. No injunction or temporary restraining order shall exist which, in the judgment of the applicable Administrative Agent, would prohibit the making of the Loans or the consummation of the HD Supply Acquisition. The Administrative Agent shall have received evidence that each of the items described in Section 2.8 of the HD Supply Acquisition Agreement will be delivered, each of the conditions precedent set forth in Sections 7.1 and 7.2 of the HD Supply Acquisition Agreement will be satisfied (or, with the written approval of the Administrative Agent, waived) and the HD Supply Acquisition will be consummated, in each case, substantially simultaneously with the closing of the Transactions contemplated hereunder and no other provision of the HD Supply Purchase Documents shall have been waived, amended, supplemented, or otherwise modified in any material and adverse respect without approval of the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Anixter International Inc), Credit Agreement (Anixter International Inc)

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HD Supply Acquisition. The Administrative Agent shall be satisfied with the HD Supply Acquisition Documents (it being acknowledged that the Administrative Agent is satisfied with the HD Supply Purchase Documents provided on or prior to July 22, 2015) and shall have received a true, correct and complete copy of the same. None of the Targets nor the HD Supply Sellers have (1i) announced that it will oppose the HD Supply Acquisition or (2ii) commenced any action which alleges that the HD Supply Acquisition will violate applicable law. No injunction or temporary restraining order shall exist which, in the judgment of the applicable Administrative Agent, would prohibit the making of the Loans or the consummation of the HD Supply Acquisition. The Administrative Agent shall have received evidence that each of the items described in Section 2.8 of the HD Supply Acquisition Agreement will be delivered, each of the conditions precedent set forth in Sections 7.1 and 7.2 of the HD Supply Acquisition Agreement will be satisfied (or, with the written approval of the Administrative Agent, waived) and the HD Supply Acquisition will be consummated, in each case, substantially simultaneously with the closing of the Transactions contemplated hereunder and no other provision of the HD Supply Purchase Acquisition Documents shall have been waived, amended, supplemented, or otherwise modified in any material and adverse respect without approval of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Anixter International Inc)

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HD Supply Acquisition. The Administrative Agent shall be satisfied with the HD Supply Acquisition Documents (it being acknowledged that the Administrative Agent is satisfied with the HD Supply Purchase Documents provided on or prior to July 22, 2015) and shall have received a true, correct and complete copy of the same. None of the Targets nor the HD Supply Sellers have (1) announced that it will oppose the HD Supply Acquisition or (2) commenced any action which alleges that the HD Supply Acquisition will violate applicable law. No injunction or temporary restraining order shall exist which, in the judgment of the applicable Administrative Agent, would prohibit the making of the Loans or the consummation of the HD Supply Acquisition. The Administrative Agent shall have received evidence that each of the items described in Section 2.8 of the HD Supply Acquisition Agreement will be delivered, each of the conditions precedent set forth in Sections 7.1 and 7.2 of the HD Supply Acquisition Agreement will be satisfied (or, with the written approval of the Administrative Agent, waived) and the HD Supply Acquisition will be consummated, in each case, substantially simultaneously with the closing of the Transactions contemplated hereunder and no other provision of the HD Supply Purchase Acquisition Documents shall have been waived, amended, supplemented, or otherwise modified in any material and adverse respect without approval of the Administrative AgentAgent.[Reserved].

Appears in 1 contract

Samples: Credit Agreement (Anixter International Inc)

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