IBMCC definition

IBMCC is defined in Section 6.1(
IBMCC as defined in the recitals hereto.

Examples of IBMCC in a sentence

  • The provisions of this paragraph shall survive the termination of this Agreement and the Finance Agreement, and shall be and remain effective notwithstanding the payment of the Indirect IBMCC Liabilities, the release of any security interest, lien or encumbrance securing the Indirect IBMCC Liabilities or any other action IBMCC may have taken in reliance upon its receipt of such payment.

  • If any of the Indirect IBMCC Liabilities shall have been paid by XLC or any of its subsidiaries, or if IBMCC has realized on the assets of XLC or any of its subsidiaries on account of Indirect IBMCC Liabilities, whether by foreclosure, repossession, UCC sale or otherwise, XLC shall have the right and is specifically authorized hereby to set-off against and reduce to the then Remaining Balance by any amounts so paid by XLC or any of its subsidiaries.

  • Parent and Sub shall request that IBM Credit Corporation ("IBMCC") give any consent to the Sub Merger or the Parent Merger necessary under Parent's and Sub's credit arrangements with IBMCC.

  • With the exception of the Security Interest of IBMCC as disclosed in the Disclosure Letter, in all instances and respects Parent (or the applicable Parent Subsidiaries as the case may be) shall hold all shares of stock in all Parent Subsidiaries free and clear of any restrictions, liens, claims and encumbrances whatsoever.

  • Upon the expiration of Amendment No. 2, IE shall repay to IBMCC an amount representing the then outstanding borrowing against the XLC Borrowing Base.

  • If Purchaser so requests, Parent and Sub will take all action necessary to pay, at the time the Parent Merger and Sub Merger are consummated, any or all of the balance of any amounts owed to IBMCC, subject, however, to Purchaser making available to Parent and Sub the cash necessary to do so.

  • In connection with an amendment to the IBMCC Financing Agreement on July 15, 1997 the Company entered into a warrant agreement pursuant to which IBMCC was issued warrants to acquire up to 250,855 shares of Common Stock.

  • Cxxxxxx XXX ceases to own and/or control at least 35% of the issued and outstanding capital stock of the Company, the Company will be deemed to be in default under the IBMCC Financing Agreement.

  • Collateral Management Report (CMR) Accounts as of _________ (Date) COLLATERAL STATUS: Accounts Receivable less than 90 days aged from invoice date: Commercial Total Eligible X 70% plus IBMCC Financed Inventory X 100% Total Collateral = LOAN STATUS: IBMCC Loan Value less * * if negative please include paydown.

  • There can be no assurance that any deterioration in the vendor-customer relationship between the Company and IBM will not adversely affect the Company's relationship with IBMCC or its ability to secure adequate working capital through IBMCC.


More Definitions of IBMCC

Related to IBMCC

  • IBM means International Business Machines Corporation.

  • T&Cs means these terms and conditions.

  • DPI means the North Carolina Department of Public Instruction.

  • Network Operator means the network operator who operates the wireless network of networks to which the SIM Cards are connected.

  • Network Resource shall have the meaning as provided in the NYISO OATT, for such resources located in New York, and the meaning as provided in the PJM OATT, for such resources located in PJM.

  • Fiserv means Fiserv, Inc., a Wisconsin corporation.

  • Network Rail means Network Rail Infrastructure Limited, a company registered in England under company number 02904587 and having its registered office at 0 Xxxxxxxxx Xxxxxx, Xxxxxx XX0 0XX;

  • SCI has the meaning set forth with respect thereto in the preamble. ---

  • ACS means “asset-controlling supplier” as that term is defined in the Cap and Trade Regulations.

  • FIS means free into store delivery, which requires the Supplier to pay all costs and be responsible for all requirements associated with the supply and delivery of Goods to the Company at the delivery site described in the Order, including all costs associated with transport, insurances, licences, authorisations, duties and taxes.

  • PSC means the New York State Public Service Commission.

  • Network pharmacy means any pharmacy that has an agreement to accept our pharmacy allowance for prescription drugs and diabetic equipment/supplies covered under this agreement. All other pharmacies are NON-NETWORK PHARMACIES. The one exception and for the purpose of specialty Prescription Drugs, only specialty pharmacies that have an agreement to accept our pharmacy allowance are network pharmacies and all others pharmacies are non-network pharmacies.

  • PMC means Project Management Consultant who is designated supervision agency during execution of this project.

  • Supplier means the successful bidder who is awarded the contract to maintain and administer the required and specified service(s) to the State.

  • Dell means Dell Inc., a Delaware corporation.

  • EMC EMC Mortgage Corporation, or its successor in interest.

  • MCI means Medical Council of India constituted under section 3 of the Indian Medical Council Act, 1956 (Central Act No. 102 of 1956);

  • AMC means Annual Maintenance Contract

  • Accenture means the Accenture entity that is a party to the Agreement and its Affiliates (collectively, “Accenture”).

  • NOC means National Olympic Committee.