BSGI definition
Examples of BSGI in a sentence
All assets owned and held by Empyrean prior to the Recapitalization have been transferred to, and are now owned by, BSGI.
Empyrean conducts no activities (other than its ownership of BSGI and other Borrowers, fully appropriate shareholder action to authorize activities of BSGI and other Borrowers, as necessary, and reasonably related administrative activities); it maintains separate books, records and accounts, does not commingle its funds with BSGI or any other Borrowers, any other Borrower or any other person or entity, and maintains its existence as a separate and distinct corporate entity.
The sole asset of Empyrean is all of the issued and -------- outstanding capital stock of BSGI and other Borrowers, and the sole indebtedness and liability of Empyrean is the indebtedness incurred pursuant to the Recapitalization Agreement, this Agreement and the other Loan Documents.