Nitram definition
Examples of Nitram in a sentence
Make, permit or consent to any amendment or other modification to the constitutional documents of any Credit Party, any Nitram Acquisition Document or any Material Contract except to the extent that any such amendment or modification (i) does not violate the terms and conditions of this Agreement or any of the other Loan Documents and (ii) could not reasonably be expected to have a Material Adverse Effect.
Except for Permitted Acquisitions, the Nitram Acquisition and acquisitions permitted under Section 8.7, if any, purchase or otherwise acquire or become obligated for the purchase of all or substantially all or any material portion of the assets or business interests or a division or other business unit of any Person, or any Equity Interest of any Person, or any business or going concern.
Borrowers, and to Borrowers’ knowledge, each other party to the Nitram Acquisition Documents, has taken all necessary corporate action to authorize the execution, delivery and performance of each Nitram Acquisition Document to which such Person is a party.
Advances of the Revolving Credit shall be used to refinance existing debt, to finance the Nitram Acquisition and to provide working capital and for other lawful corporate purposes.
The Nitram Acquisition Documents shall indicate a total purchase price of not greater than $65,000,000 and shall otherwise be in form and substance reasonably satisfactory to the Agent and the Lenders.
Agent shall have received copies of all employment agreements of the Credit Parties (including, without limitation, any employment agreements executed concurrently and in connection with the Nitram Acquisition) which shall remain in effect following the Effective Date as set forth on Schedule 6.16 hereof, the terms of which are reasonably acceptable to Agent.
Proceeds of the Term Loan shall be used by Borrowers to finance the Nitram Acquisition and refinance existing debt of Borrowers.
Use the proceeds of the Term Loan to pay the costs, fees and items of expense in connection with the completion of the Nitram Acquisition, the incurrence of the Senior Debt and the transactions contemplated by this Agreement, which are listed on the flow of funds approved by the Initial Lender.
The Nitram Acquisition Documents shall indicate a total purchase price of not greater than $65,000,000 and shall otherwise be in form and substance reasonably satisfactory to the Administrative Agent and the Initial Lender.
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