Enertel definition
Examples of Enertel in a sentence
Without the prior written consent of the Administrative Agent, the Parent and the Company will not and will ensure that none of their Subsidiaries will acquire any business or acquire substantially all the assets of any person or enter into any agreement to do so other than (i) Enertel pursuant to the Enertel Acquisition to be financed by the proceeds of the Term Loans and (ii) an Acquisition which (other than by WP Acquisition) complies with the provisions of Section 6.1(c).
The Administrative Agent shall be reasonably satisfied that Newco and the Company have complied with, and will continue to comply with, all Requirements of Law in connection with their respective execution, delivery and performance of the New Finance Documents and the transactions contemplated thereby and the consummation of the Enertel Transfer Transaction.
All applicable waiting periods with respect thereto have or, prior to the time when required, will have, expired without, in all such cases, any action being taken by any competent authority which restrains, prevents, or imposes material adverse conditions upon the consummation of the Enertel Acquisition.
Without the prior written consent of the Administrative Agent, the Parent and the Company will not and will ensure that none of their Subsidiaries will form or acquire any Subsidiary other than Enertel pursuant to the Enertel Acquisition to be financed by the proceeds of the Term Loan.
As of such Closing Date, there does not exist any judgment, order, or injunction prohibiting the consummation of the Enertel Acquisition, or the making of the Term Loan or the performance by any Loan Party of its respective obligations under the Transaction Documents.
The representations and warranties of the Company and the Parent set forth in paragraph 5 of this Agreement and those contained in the New Finance Documents shall be true and correct on such date both before and after giving effect to the consummation of the Enertel Transfer Transaction.
All outstanding indebtedness by Enertel to the Enertel Shareholders (the "Existing Shareholder Debt") shall, concurrently with the making of the Term Loan, be repaid or canceled (or such other arrangements shall have been made for dealing with such indebtedness which are satisfactory to the Administrative Agent).
The Lenders shall have received a final copy of a due diligence report, in form and substance satisfactory to the Lenders, from ▇▇▇▇▇ & ▇▇▇▇▇▇▇ covering Enertel, and the Administrative Agent, the Collateral Agent and the Lenders shall be expressly entitled to rely thereon.
The Lenders shall be reasonably satisfied that the Company has complied with, and will continue to comply with, all Requirements of Law in connection with their respective execution, delivery and performance of the Finance Documents and the transactions contemplated thereby and the consummation of the Enertel Acquisition.
All corporate matters, including the articles and other governance documents, resolutions approving the Enertel Transfer Transaction, shareholders meetings (if any) shall be effective and be in form and substance satisfactory to the Administrative Agent and the Administrative Agent shall have received a copy of the articles of association of Newco, as amended certified as of a recent date by the relevant Dutch civil notary (the "Newco Articles").