Orthofix Entity definition
Examples of Orthofix Entity in a sentence
No Loan Party will, nor will it permit any Orthofix Entity to (i) form or acquire any Domestic Subsidiary that is not also made a direct or indirect Subsidiary of the U.S. Borrower or the UK Borrower or (ii) acquire material assets located in the United States in a Permitted Acquisition other than assets that will be held by a Loan Party other than the Company.
The real and personal property of each Orthofix Entity is free of all Liens other than those permitted by Section 6.02.
Except as set forth on Schedule 3.27, as of the Effective Date, there are no (a) Intercompany Loans or (b) supply agreements or arrangements that involve an obligation of any Loan Party owing to any Non-Loan Party or any other Affiliate of any Orthofix Entity.
None of (a) any Orthofix Entity or any of their respective directors, officers or employees, or (b) to the knowledge of any Loan Party or its Subsidiaries, any agent of any Orthofix Entity that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person.
Each Orthofix Entity shall modify such RCPs from time to time, as may be reasonably necessary to ensure continuing compliance with all applicable Health Care Laws.
Each Orthofix Entity has good and indefeasible title to, or valid leasehold interests in, all of its material real and personal property.
Each Lender or Affiliate thereof providing Banking Services for, or having Swap Agreements with, any Orthofix Entity, shall deliver to the Administrative Agent, promptly after entering into such Banking Services or Swap Agreements, written notice setting forth the aggregate amount of all Banking Services Obligations and Swap Agreement Obligations of such Orthofix Entity or Affiliate thereof to such Lender or Affiliate (whether matured or unmatured, absolute or contingent).
During the term of this Agreement, the Administrative Agent and the Lenders may be involved in field examinations and other visits, inspections, examinations and discussions with the Borrower Representative, any other Orthofix Entity or a Subsidiary.
All of the issued and outstanding Equity Interests owned by any Orthofix Entity have been (to the extent such concepts are relevant with respect to such ownership interests) duly authorized and validly issued and are fully paid and non-assessable.
The bank serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with any Orthofix Entity or any Affiliate thereof as if it were not the Administrative Agent hereunder.