Budco definition
Examples of Budco in a sentence
Before making such a draw, Purchaser shall provide written notice of such breach to Budco and Budco shall have ten days to cure such breach.
For the avoidance of doubt, after the termination of the Insurance LC, Budco and the Seller Parties shall continue to be responsible for paying all insurance-related Liabilities arising before the Closing Date.
For the avoidance of doubt, the amount of the PNC LCs will be adjusted from time to time, in accordance with the requirements of the beneficiaries of the PNC LCs and Budco may cause the PNC LCs to be replaced by a lender other than PNC, so long as such lender is acceptable to the beneficiaries of the PNC LCs.
Budco shall take all actions necessary to retain the Insurance LC in effect in the full amount until such time as the Purchaser agrees to terminate the Insurance LC or as otherwise set forth in this subsection (c).
Following the Closing, for a period of three (3) years, Budco shall, at its sole cost and expense, maintain the officers’ and directors’ liability insurance policy covering current and former directors, officers, and managers of the Target Group.
At all times during the Restrictive Period, Budco shall be Solvent.
Budco shall take all actions necessary to retain the PNC LCs in effect until such time as the applicable beneficiary of the PNC LCs agrees to terminate them.
The officers of AMCP are hereby authorized to execute and deliver any and all documents which may be required of it in order for it to assume or otherwise comply with any liability or obligation of Budco.
On the Effective Date AMCP and Budco shall merge into a single corporation by Budco merging into AMCP.
Each Seller Party hereby agrees that during the Restrictive Period it shall cause Budco to maintain a level of cash or other liquid assets that are sufficient to pay and cover any and all obligations and Liabilities of Budco under this Agreement or any Ancillary Agreement to which Budco is a party (including in connection with the Budco Services).