Bytel definition

Bytel means Bytel Limited, a corporation organized under the laws of England, and a wholly-owned subsidiary of Holdings.
View Source

Examples of Bytel in a sentence

  • The Holdings Pledge Agreement, duly executed by Holdings, and acknowledged by the Agent, together with the original certificates evidencing all of the issued and outstanding Stock of CSG, Bytel and any and all other Subsidiaries of Holdings, and undated stock powers executed in blank for each certificate.

  • The Lenders hereby waive any Default or Event of Default which has occurred or may occur under SECTION 10.1(e) of the Restated Loan Agreement as a result of a breach of SECTION 8.9 or 8.10 of the Restated Loan Agreement arising from the Borrower's extension of the Bytel Acquisition Loans to Holdings in the principal amounts of $2,500,000 and $844,827.88, and the subsequent cancellation of such Bytel Acquisition Loans and accrued interest thereon, resulting in Upstream Dividends in identical amounts.

  • The Lenders hereby acknowledge that, pursuant to this Amendment and Waiver, the extension and cancellation of each Bytel Acquisition Loan shall each be treated as a single transaction, namely, the payment by the Borrower of an Upstream Dividend to Holdings in the amount of $2,500,000 and $844,827.88, respectively, without interest.