ITS Companies definition

ITS Companies means those companies formed in connection with the acquisition of Industrial and Telecommunications Systems S.C.A., a Belgian company, and Industrial and Telecommunications Systems SPRL, a Belgian company, including Cherokee Netherlands I B.V., Cherokee Netherlands II B.V., and Cherokee Belgium I.
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Examples of ITS Companies in a sentence

  • The Borrower will not permit the ITS Companies to form or permit to exist any Subsidiary other than those in existence on June 15, 2000 and as disclosed to the Banks prior to such date.

  • The Borrower will not permit the ITS Companies to form or permit to exist any Subsidiary other than those in existence on the Restatement Effective Date and as disclosed to the Banks prior to such date.

  • Member Interest Pledge Agreement by and between ▇▇▇▇ ▇▇▇▇▇, Trustee of the ▇▇▇▇▇ ▇▇▇▇▇ 1997 Irrevocable Trust III dated November 3, 1997 and ▇▇▇▇▇▇ As part of the acquisition by the Borrower of the ITS Companies, the various Pledgors (as such term is defined in the Pledge Agreements) are modifying their holdings of Pledged Shares (as such term is defined in the Pledge Agreements).