Hydrofarm definition

Hydrofarm means Hydrofarm, LLC, a California limited liability company, which is the successor to Hydrofarm, Inc., a California corporation, as a result of the Reorganization and the Conversion.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Hydrofarm means Hydrofarm Holdings Group, Inc.

Hydrofarm as defined in the preamble to this Agreement. Indemnified Taxes: (a) Taxes, other than Excluded Taxes, imposed on or relating to any payment of an Obligation; and (b) to the extent not otherwise described in clause (a), Other Taxes. Indemnitees: Agent Indemnitees, Lender Indemnitees, Issuing Bank Indemnitees and Bank of America Indemnitees.

Examples of Hydrofarm in a sentence

As of the date of this Agreement, the Hydrofarm Securities consist of (i) 593,261 shares of Hydrofarm Stock and (ii) Warrant to Purchase up to 296,630 shares of Hydrofarm Stock.
Immediately upon the completion of the actions set forth in clauses (i), (ii) and (iii) above, (x) Holdings shall be automatically released from its obligations as a Borrower hereunder and shall instead assume the obligations as a Guarantor hereunder and under the other Loan Documents and (y) each of Hydrofarm, WJCO, EHH and SunBlaster shall become a Borrower hereunder and under the other Loan Documents.
Holdings, Hydrofarm Canada, and Agent are parties to that certain Amended and Restated Guaranty, dated as of November 8, 2017 (as has been or may be amended, restated, supplemented or others modified from time to time, the “Guaranty”), pursuant to which Holdings and Hydrofarm Canada unconditionally guaranteed Borrowers’ prompt and full performance of their Obligations under the Loan Agreement and the other Loan Documents.
Upon the reasonable request by the Administrative Agent, the Loan Parties shall take such additional actions and execute such documents as the Administrative Agent may reasonably request to implement the transactions contemplated by the Assumption Agreement and reflect the assumption by Hydrofarm, WJCO, EHH and SunBlaster of the obligations of the Initial Borrower contemplated thereby.
As of the Closing Date, the Borrowers have delivered to the Administrative Agent a complete and correct copy of the Hydrofarm Acquisition Agreement (including all schedules, exhibits, amendments, supplements, modifications, assignments and all other material documents delivered pursuant thereto or in connection therewith).
The Hydrofarm Acquisition Agreement is in full force and effect as of the Closing Date and has not been terminated, rescinded or withdrawn.
To the Knowledge of the Loan Party’s, the Hydrofarm Acquisition Agreement was duly executed and delivered by each other party thereto and is enforceable against such parties, except as the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent transfer or conveyance, moratorium, or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles.
As a regular full-time employee, you will be eligible to participate in the Company’s standard employee benefits (pursuant to the terms and conditions of the benefit plans and applicable policies), which the Company agrees will be at the same level as or increased from the benefits provided during your employment with Hydrofarm, Inc.
You acknowledge that the Confidentiality and Invention Assignment Agreement which you signed in connection with your employment with Hydrofarm, Inc.
The consolidated and consolidating balance sheets, and related statements of income, cash flow and shareholders equity, of Hydrofarm and its Subsidiaries have been delivered and of Obligors and Subsidiaries that are hereafter delivered to Agent and Lenders, are prepared in accordance with GAAP, and fairly present the financial positions and results of operations of Obligors and Subsidiaries at the dates and for the periods indicated, subject to the lack of footnotes and year end audit adjustments, if any.

More Definitions of Hydrofarm

Hydrofarm or “Borrower Agent”), EHH Holdings, LLC, a Delaware limited liability company (“ EHH”), SunBlaster LLC, a Delaware limited liability company (“SunBlaster”), WJCO LLC, a Colorado limited liability company (“WJCO”), GS Distribution Inc., a British Columbia company (“GS ”), SunBlaster Holdings ULC, a British Columbia unlimited liability company (“SH”), and Eddi’s Wholesale Garden Supplies Ltd., a British Columbia company, as successor to EWGS Distribution Inc. (“Eddi” and together with Holdings, Hydrofarm, EHH, SunBlaster, WJCO, GS, SH and any future Subsidiary of Holdings that becomes a borrower thereto pursuant to Section 10.1(i) of the Loan Agreement, each a “Borrower” and, collectively, the “Borrowers”), the other parties from time to time signatory thereto as Obligors, the financial institutions party thereto from time to time as Lenders, and Bank of America, N.A., a national banking association, as agent for the Lenders (in such capacity, “Agent”); and (2) the Assignment and Acceptance dated as of ____________, 20__ (“Assignment Agreement”), between ___________ (“Assignor”) and __________ (“Assignee”). Terms are used herein as defined in the Loan Agreement. Assignor hereby notifies Borrowers and Agent of Assignor’s intent to assign to Assignee pursuant to the Assignment Agreement (a) a principal amount of $________ of Assignor’s outstanding Revolver Loans and $________ of Assignor’s participations in LC Obligations, and (b) the amount of $________ of Assignor’s Revolver Commitment (which represents ____% of the total Revolver Commitments) (the foregoing items being, collectively, the “Assigned Interest”), together with an interest in the Loan Documents corresponding to the Assigned Interest. This Agreement shall be effective as of the date (“Effective Date”) indicated below, provided this Assignment Notice is executed by Assignor, Assignee, Agent and Borrower Agent, if applicable. Pursuant to the Assignment Agreement, Assignee has expressly assumed all of Assignor’s obligations under the Loan Agreement to the extent of the Assigned Interest, as of the Effective Date. For purposes of the Loan Agreement, Agent shall deem Assignor’s Revolver Commitment to be reduced by $________, and Assignee’s Revolver Commitment to be increased by $________. The address of Assignee to which notices and information are to be sent under the terms of the Loan Agreement is: The address of Assignee to which payments are to be sent under the terms of the Loan Agreement is show...