Examples of Material Loan Party in a sentence
Except as otherwise set forth in Schedule 4.17(a), the Loan Parties or one or more of their Subsidiaries are the exclusive owners of all right, title and interest in and to the Material Loan Party Intellectual Property, free and clear of any Liens except for Liens not prohibited by Section 6.2.
Immediately after the consummation of the Transactions to occur on the Restatement Effective Date and immediately following the making of each Loan and after giving effect to the application of the proceeds thereof, and taking into account all rights of indemnity, subrogation and contribution of the Loan Parties under applicable law and the Indemnity, Contribution and Subrogation Agreement, each Material Loan Party is and will be Solvent.
The original copy of said certificate must be provided immediately upon the employee's return to work.
To the knowledge of such Loan Party, no Person is infringing, misappropriating or otherwise violating any Material Loan Party Intellectual Property in a manner that has resulted in, or is reasonably expected to result in, a Material Adverse Effect.
As promptly as practicable, and in any event within 30 days after the Restatement Effective Date, the Borrower shall have delivered, or caused the applicable Subsidiary to deliver, to the Administrative Agent the stock certificates, if any, required to be delivered pursuant to the Security Documents with respect to each Loan Party that is not a Material Loan Party.