Mexican Operations. 18 ------------------ SECTION 3.20. Year 2000 Compliance.................................18 --------------------
Mexican Operations. Neither the Company nor any ------------------ of its directors or officers has any reason to believe that General Motors Corporation intends to terminate, or modify in any respect which is materially adverse to the Company or its subsidiary, Durakon Mexicana, S.A. de C.V., the project known as GMT805.
Mexican Operations. The property included in the Acquired Assets which is located at the Xxxxxxxx Mexico Facility has been imported in accordance in all material respects with the Mexican custom laws and under a current and valid Maquiladora program held by Xxxxxxxx de Mexico, as the importer of record. No event has occurred, and no circumstances exist, which would reasonably be expected to permit state, local or federal Mexican Governmental Entities to seize, put an Encumbrance on, or otherwise obtain control of any of the Acquired Assets located at the Xxxxxxxx Mexico Facility, other than Taxes that are not yet due and payable in the Ordinary Course of Business.
Mexican Operations. 85 SECTION 9
Mexican Operations. The Borrower will not maintain any of its inventory in Mexico at any location other than Mataxxxxx, Xxxico unless the Borrower shall have caused to be executed and delivered such documents, instruments and certificates, if any, as are required (in the reasonable determination of the Agent) to ensure that the Credit Parties are at all times in compliance with the terms of Section 7.9(b).
Mexican Operations. 33 4.13 LEASES................................................ 34 4.14 INVENTORY............................................. 35 4.15
Mexican Operations. None of the Mexican Facilities is owned or operated by the Sellers and none of the employees thereof is employed by the Sellers. To the best knowledge of Sellers, no event has occurred and no circumstances exist which could reasonably be expected to permit state, local or federal Mexican governmental authorities to seize, put a lien on, or otherwise obtain control of any of the Purchased Assets located at the Mexican Facilities. To the knowledge of Sellers, Sellers have taken no action which is reasonably likely to materially and adversely affect any of the Purchased Assets in the Mexican Facilities. The Sellers have no reason to believe that the demand for products packaged at the Mexican Facilities will not equal or exceed the minimum requirements of the contracts under which the Mexican Facilities package Sellers' products.
Mexican Operations. 38 Section 3.17 Contracts.......................................................... 38 Section 3.18 Notes and Accounts Receivable...................................... 40 Section 3.19
Mexican Operations. 55 Section 5.11 Pay-Off Letter.............................................................................. 55 Section 5.12 Prepayment; Releases........................................................................ 55 Section 5.13 Sales Tax Compliance Certificates........................................................... 56 Section 5.14 Financing................................................................................... 56 Section 5.15 Conveyance Taxes............................................................................ 56 Section 5.16 Stockholder Voting Obligations.............................................................. 56 ARTICLE VI - CONDITIONS TO OBLIGATION TO CLOSE..................................................................... 56 Section 6.01 Conditions to Buyer's Obligation............................................................ 56 Section 6.02 Conditions to Seller's Obligation........................................................... 59
Mexican Operations. The property included in the Acquired Assets which is located at the Mexican Facilities has been properly imported in accordance with Mexican custom laws and under a current and valid Maquiladora program held by Xxxxxxxx de Mexico, as the importer of record. None of the Mexican Facilities is owned or operated by Seller. No employees of Seller are also employees of Xxxxxxxx de Mexico. To the Knowledge of Seller, no event has occurred and no circumstances exist which could reasonably be expected to permit state, local or federal Mexican Governmental Authorities to seize, put a Lien on, or otherwise obtain control of any of the Acquired Assets located at the Mexican Facilities. Seller has not taken any action that may adversely affect any of the Acquired Assets located at the Mexican Facilities.
