FNL Transaction definition
Examples of FNL Transaction in a sentence
Use the proceeds of the Loan only to finance the FNL Transaction and the expenses related thereto or related to this Agreement and the Loan Documents and for working capital for the Business.
Except as disclosed on Schedule 7.1(w) and after giving effect to the FNL Transaction, the Borrower does not sponsor or maintain or contribute to a Pension Plan.
All of the quarterly and annual Financial Statements or other financial information which have been furnished to the Lender, in connection with this Agreement or the FNL Transaction are complete in all material respects and such Financial Statements or other financial information fairly present the results of operations and financial position of the Borrower or the FNL Business (as applicable) as of the dates referred to therein and have been prepared in accordance with IFRS.
Schedule 7.1(j) (as amended from time to time and updated in accordance with delivery of a Compliance Certificate pursuant to Section 8.2), accurately sets out all Material Contracts and Material Licences, including after giving effect to the FNL Transaction.
The Borrower’s current and prior names, trade-names and division names and those proposed to be used after giving effect to the FNL Transaction are described on Schedule 7.1(g).
Borrower will be entitled to continue to use, practice and exercise rights in, all of the Intellectual Property including that acquired as part of the FNL Transaction.
All computer equipment owned or used by Borrower or to be acquired pursuant to the FNL Transaction and necessary for the conduct of business and the FNL Business has been properly maintained and is in good working order for the purposes of on-going operation, subject to ordinary wear and tear for computer equipment of comparable age.
There is no material Tax liability to the Borrower that will arise as a result of the completion of the FNL Transaction.
The Borrower has the corporate, company or partnership power, capacity and authority, as the case may be, (i) to enter into, and to exercise its rights and perform its obligations under, the Loan Documents to which it is a party and all other instruments and agreements delivered by it pursuant to any of the Loan Documents, and (ii) to own its Property and carry on its business as currently conducted or as will be conducted after giving effect to the FNL Transaction.
The execution, delivery and performance of each of the Loan Documents to which Borrower is a party, and every other instrument or agreement delivered by Borrower pursuant to the FNL Transaction has been duly authorized by all corporate or limited liability company, as the case may be, actions required, and each of such documents has been duly executed and delivered by it.