Common use of Investments and Subsidiaries Clause in Contracts

Investments and Subsidiaries. 31 Section 7.5 Dividends ................................................ 32 Section 7.6 Sale or Transfer of Assets; Suspension of Business Operations ................................................ 32 Section 7.7 Consolidation and Merger; Asset Acquisitions ............. 32 Section 7.8 Sale and Leaseback ....................................... 32 Section 7.9 Restrictions on Nature of Business ....................... 32 Section 7.10 Capital Expenditures .................................... 32 Section 7.11 Accounting .............................................. 33 Section 7.12 Discounts, etc .......................................... 33 Section 7.13 Defined Benefit Pension Plans ........................... 33 Section 7.14 Other Defaults .......................................... 33 Section 7.15 Place of Business; Name ................................. 33 Section 7.16 Organizational Documents ................................ 33 Section 7.17 Salaries; Management Fees ............................... 33 Section 7.18 Change in Ownership ..................................... 33 ARTICLE VIII EVENTS OF DEFAULT, RIGHTS AND REMEDIES ....................... 34 Section 8.1 Events of Default ........................................ 34 Section 8.2 Rights and Remedies ...................................... 36 Section 8.3 Certain Notices .......................................... 37

Appears in 2 contracts

Samples: Credit and Security Agreement (Rmed International Inc), Credit and Security Agreement (Rmed International Inc)

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Investments and Subsidiaries. 31 40 Section 7.5 Dividends ................................................ 32 Dividends......................................................40 Section 7.6 Sale or Transfer of Assets; Suspension of Business Operations ................................................ 32 Operations..41 Section 7.7 Consolidation and Merger; Asset Acquisitions ............. 32 Acquisitions...................41 Section 7.8 Sale and Leaseback ....................................... 32 Leaseback.............................................41 Section 7.9 Restrictions on Nature of Business ....................... 32 Business.............................41 Section 7.10 Capital Expenditures .................................... 32 Expenditures...........................................41 Section 7.11 Accounting .............................................. 33 Accounting.....................................................41 Section 7.12 Discounts, etc .......................................... 33 etc.................................................41 Section 7.13 Defined Benefit Pension Plans ........................... 33 Plans..................................42 Section 7.14 Other Defaults .......................................... 33 Defaults.................................................42 Section 7.15 Place of Business; Name ................................. 33 Name........................................42 Section 7.16 Organizational Documents ................................ 33 Documents; S Corporation Status.................42 Section 7.17 Salaries; Management Fees ............................... 33 .......................................................42 Section 7.18 Change in Ownership ..................................... 33 ARTICLE VIII EVENTS OF DEFAULT, RIGHTS AND REMEDIES ....................... 34 Ownership............................................42 Section 8.1 Events of Default ........................................ 34 Section 8.2 Rights and Remedies ...................................... 36 Section 8.3 Certain Notices .......................................... 377.19 Change in Senior Management....................................43

Appears in 1 contract

Samples: Credit and Security Agreement (Seair Group Inc)

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Investments and Subsidiaries. 31 37 Section 7.5 Dividends ................................................ 32 Dividends............................................................................37 Section 7.6 Sale or Transfer of Assets; Suspension of Business Operations ................................................ 32 Operations........................37 Section 7.7 Consolidation and Merger; Asset Acquisitions ............. 32 Acquisitions.........................................38 Section 7.8 Sale and Leaseback ....................................... 32 Leaseback...................................................................38 Section 7.9 Restrictions on Nature of Business ....................... 32 Business...................................................38 Section 7.10 Capital Expenditures .................................... 32 Expenditures.................................................................38 Section 7.11 Accounting .............................................. 33 Accounting...........................................................................38 Section 7.12 Discounts, etc .......................................... 33 etc.......................................................................38 Section 7.13 Defined Benefit Pension Plans ........................... 33 Plans........................................................38 Section 7.14 Other Defaults .......................................... 33 Defaults.......................................................................38 Section 7.15 Place of Business; Name ................................. 33 Name..............................................................38 Section 7.16 Organizational Documents ................................ 33 Documents; S Corporation Status.......................................39 Section 7.17 Salaries; Management Fees ............................... 33 .............................................................................39 Section 7.18 Change in Ownership ..................................... 33 Ownership..................................................................39 ARTICLE VIII EVENTS OF DEFAULT, RIGHTS AND REMEDIES ....................... 34 REMEDIES...............................................39 Section 8.1 Events of Default ........................................ 34 Default....................................................................39 Section 8.2 Rights and Remedies ...................................... 36 Remedies..................................................................41 Section 8.3 Certain Notices .......................................... 37Notices......................................................................42 -iii- TABLE OF CONTENTS (CONTINUED) PAGE ARTICLE IX MISCELLANEOUS........................................................................42 Section 9.1 No Waiver; Cumulative Remedies.......................................................42 Section 9.2 Amendments, Etc......................................................................42 Section 9.3 Addresses for Notices, Etc...........................................................42 Section 9.4 [Servicing of Credit Facility........................................................43

Appears in 1 contract

Samples: Credit and Security Agreement (Naturade Inc)

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