ECC Group definition
Examples of ECC Group in a sentence
The ECC Group hereby grants to the Bank and reaffirms its prior conveyance to the Bank of a continuing security interest in, lien on and charge against all of the collateral described herein as well as a security interest in, lien on and charge against any and all funds and/or monies contained in accounts located at the Bank or at any of the Bank's subsidiaries or affiliates.
To the extent that any of the Existing Loan Documents require notification by the Bank to the ECC Group of the existence of a default and an opportunity for the ECC Group to cure such a default, such notice and period for cure have been properly given by the Bank or are hereby waived by the ECC Group.
All of the real property owned by the ECC Group has been previously disclosed in writing to the Bank.
To the extent that the ECC Group has any defenses, setoffs, claims, or counterclaims to repayment of the Obligations or against the Bank, such defenses, setoffs, claims, or counterclaims are hereby waived.
All of the assets of the ECC Group pledged, assigned, conveyed, mortgaged, hypothecated or transferred to the Bank pursuant to the Existing Loan Documents including, without limitation, all real property, all accounts receivable, inventory, equipment, general intangibles, contracts, contract rights, instruments, letters of credit, deposits, documents of title, and proceeds constitute security for all of the Obligations.
On or before January 29, 1999, the ECC Group will finalize and provide to the Bank for filing simultaneously with the Tax Refund Assignment Documents the ECC Group's federal tax return.
Each of the members of the ECC Group is in compliance in all material respects with all laws, regulations and requirements applicable to its business, and has not received, and has no knowledge of, any order or notice of any governmental investigation or of any violations or claims of violation of any law, regulation or any governmental requirement.
ECC agrees and acknowledges that ECC shall be responsible for the performance by each member of the ECC Group of the obligations hereunder applicable to such member.
This license shall not grant or entitle the Company or any member of the Company group to any rights to any improvements, modifications or derivative works of the Receiver Business IP made by ECC or the members of the ECC Group after the Distribution Date.
Unless otherwise provided herein, the Borrower and the ECC Group shall comply with each of their respective covenants set forth in the Existing Loan Documents.