Intermet definition

Intermet means Intermet Corporation, a Georgia corporation, its successors and permitted assigns.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Intermet means Lynchburg Foundry Company, d.b.a. INTERMET Corporation, a Georgia corporation.

Intermet means Intermet Corporation, a Georgia corporation, its successors and permitted assigns. "Investment" shall mean, when used with respect to any Person, any direct or indirect advance, loan or other extension of credit (other than the creation of receivables in the ordinary course of business) or capital contribution by such Person (by means of transfers of property to others or payments for property or services for the account or use of others, or otherwise) to any Person, or any direct or indirect purchase or other acquisition by such Person of, or of a beneficial interest in, capital stock, partnership interests, bonds, notes, debentures or other securities issued by any other Person, in each case, other than an Acquisition. Each Investment shall be valued as of the date made; provided that any Investment or portion of an Investment consisting of Debt shall be valued at the outstanding principal balance thereof as of the date of determination.

Examples of Intermet in a sentence

• Each Lender shall promptly notify Intermet of any offset hereunder.

• Evidence that Intermet shall have paid all outstanding fees and expenses of counsel to the Administrative Agent, to the extent invoiced.

• A Lender that is not entitled to claim an exemption from or a reduced rate of withholding under applicable law, promptly upon written request of Intermet, shall so inform Intermet in writing.

• In consideration of the execution and delivery by the Guarantors of the Guaranty Agreement, Intermet agrees, subject to the terms hereof, to make extensions of credit hereunder available to the Guarantors.

• The foregoing financial statements fairly present in all material respects the consolidated financial condition of Intermet as at the dates thereof and results of operations for such periods in conformity with GAAP consistently applied (subject, in the case of the quarterly financial statements, to normal year-end audit adjustments and the absence of certain footnotes).

• Except as may be set forth herein (including the Schedules attached hereto) or in any notice furnished to the Lenders pursuant to Section 6.07 at or prior to the respective times the representations and warranties set forth in this Section 5.21 are made or deemed to be made hereunder, there is no fact known to Intermet which is having, or is reasonably expected to have, a Materially Adverse Effect.

• Intermet shall be entitled to repay and reborrow Syndicated Loans in accordance with the provisions hereof.

• Intermet agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 3.15 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of Intermet in the amount of such participation.

• Nothing in this Section 3.11 shall affect or postpone any of the obligations of Intermet or any right of any Lender provided hereunder.

• Counterparts hereof executed by Intermet, the Guarantors, the Administrative Agent and the Required Lenders.