Gros-Ite definition
Examples of Gros-Ite in a sentence
Borrowers, Gros-Ite and Lender are parties to a Loan and Security Agreement, dated as of September 29, 2000 (as amended, restated, supplemented or otherwise modified from time to time, the "Loan Agreement") pursuant to which Lender provides Borrowers with certain financial accommodations.
The Borrower has not, at any time, transferred or conveyed any property to Gros-Ite Industries, Inc., and any such transfer would have been and would be in violation of the Loan Documents.
Stock Pledge Agreement duly executed by Leading Borrower of all of the issued and outstanding common stock of Second Borrower and Gros-Ite together with the originals of stock certificates evidencing the common stock pledged thereby and related stock powers executed in blank.
This Power of Attorney is executed and delivered by Gros-Ite Industries, Inc.
The Borrower and Gros-Ite Industries, Inc., represent and reaffirm that Gros-Ite Industries, Inc., a wholly owned subsidiary of the Borrower, does not now own or hold any property of any kind, and that the Borrower has and continues to do business from time to time under the trade name or division identification of Gros-Ite, Gros-Ite Industries, Gros-Ite Industries, Division of EDAC Technologies, or similar names.
By agreeing to act as Escrow Agent, UKS has not entered into any attorney-client relationship with EDAC, Apex and/or Gros-Ite, will not be precluded from representing Fleet with regard to any of the transactions or matters referenced herein nor be preclude from representing Fleet in any other matter or from representing any client with interests adverse to EDAC, Apex and/or Gros-Ite.
Any such property in the name of "Gros-Ite" has at all times and continues to be the property of EDAC, and subject to the lien and security interest of the Lender.
The Borrower has the following wholly-owned subsidiaries: Gros-Ite, Inc.
If to Borrower: EDAC Technologies Corporation Gros-Ite Industries, Inc.
As a result of such trade name use or division identification, certain EDAC assets may be designated as property of "Gros-Ite", without in any way intending or causing such property to become the property of Gros-Ite Industries, Inc.