Chemco definition
Examples of Chemco in a sentence
Chemco owns, free and clear of Liens (other than Liens created pursuant to the Secured Documents), all outstanding shares of stock of its respective Subsidiaries (and each such Subsidiary owns, free and clear of Liens (other than Liens created pursuant to the Secured Documents), all outstanding shares of stock of its Subsidiaries), and all such shares are validly issued, fully paid and non-assessable.
For purposes of determining whether the amount of self-insurance is in accordance with such approved practices, any insurance written by Affiliates of Chemco or members of the Chemco Group shall be deemed to be self-insurance.
None of Chemco and its Subsidiaries is an "investment company", or a company "controlled" by an "investment company", within the meaning of the Investment Company Act of 1940.
The charges, accruals and reserves on the books of Chemco and its Subsidiaries in respect of taxes and other governmental charges are, in the opinions of the Borrowers, adequate.
Except as disclosed in Schedule VI, each of Chemco and its Subsidiaries owns, free and clear of all Liens (other than Liens created pursuant to the Security Documents), all Investments listed in such Schedule.
Each of the Obligors will, and will cause each of the other Restricted Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of its Subsidiaries is a wholly owned direct or indirect Subsidiary and that such Subsidiary shall not authorize and issue any capital stock, including any preferred class of capital stock, other than for sale or other transfer to another member of the Chemco Consolidated Group.
Upon the execution and delivery of this First Supplemental Indenture by NSI, the Company, Lightco, Chemco and the Trustee, the Indenture shall be supplemented in accordance herewith, and this First Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby.
Each such statement shall be so delivered no later than one Business Day after the consummation of the applicable Disposition and receipt by any member of the Chemco Group or any other Person (paid at the direction of any member of the Chemco Group) of the Net Available Proceeds in respect thereof.
Notwithstanding that any member of the Chemco Consolidated Group or any Affiliate of Chemco is permitted under the first sentence of Section 2.05(a) to be a named account party in any Letter of Credit, the Borrowers shall be the actual joint and several account parties for all purposes of this Agreement for such Letter of Credit and any statement otherwise in any such Letter of Credit shall not limit or otherwise affect the obligations of the Borrowers under this Agreement.
The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such Person and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with Chemco or any Subsidiary or other Affiliate thereof (including any of the Obligors) as if it were not the Administrative Agent hereunder.