SBB Party definition
Examples of SBB Party in a sentence
There is not, and has not been since January 1, 1998, any pending or, to the Best Knowledge of SBB, threatened Action to which any SBB Party is a party or otherwise involving any SBB Party, and no SBB Party is subject to any judgment, order, writ, injunction or decree.
No SBB Party is or has been a United States real property holding company (as defined in Section 897(c)(1)(ii) of the Code.
Except as set forth in the Current Balance Sheet, no SBB Party has any Indebtedness, obligation or liability, absolute, accrued, contingent or otherwise, except for liabilities incurred in the ordinary course of business since the date of the Current Balance Sheet which individually or in the aggregate would not have a material adverse effect on the Business Condition of SBB.
Each SBB Party has in full force and effect insurance with respect to its assets and businesses against such casualties and contingencies and of such types and forms and to such extent as is customary in the case of national banks.
Neither SBB nor any SBB Party has any Subsidiary and does not own, directly or indirectly, any interest or investment (whether equity or debt) in any other Person and no SBB Contract obligates or gives any SBB Party the right to make any such investment.
Neither any SBB Party nor any director or officer of an SBB Party is now or at any time since January 1, 1998 been subject to any Regulatory Action.
No SBB Party has provided any person or the Internal Revenue Service with the verified written statement described in Section 1042(b)(3) of the Code pursuant to which a party consents to the application and related liability for the imposition of excise tax provisions of Section 4978 and 4979A of the Code.
No SBB Party has or had a permanent establishment in any foreign country, as defined in any applicable Tax treaty or convention between the United States and such foreign country.
No SBB Party has retained or otherwise engaged or employed any broker, finder or any other person, or paid or agreed to pay any fee or commission to any agent, broker, finder or other person, for or on account of acting as a finder or broker or to render any fairness or similar opinion in connection with this Agreement or the transactions contemplated hereby, except that SBB has retained ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and Company pursuant to the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Agreement.
Schedule 3.18 lists each loan or loan participation sold by any SBB Party which loan or loan participation was outstanding as of the date of this Agreement, and, with respect to each such loan, similar information as of the Current Balance Sheet Date to that set forth in Schedule 3.17(a) for loans receivable.