Examples of Seller Credit Facility in a sentence
Other than Permitted Encumbrances, immediately prior to Closing Seller is the record and beneficial owner of all of the Assets, free and clear of all liens and encumbrances (other than those arising under the Seller Credit Facility, all of which shall be fully released at Closing).
Schedule 4.35 sets forth (i) the name of each financial institution in which any Company Entity has any borrowing or investment agreement (excluding the Seller Credit Facility), deposit or checking accounts or safe deposit boxes and (ii) the types of those arrangements and accounts, including, as applicable, names in which accounts or boxes are held, the account or box numbers and the name of each Person authorized to draw thereon or have access thereto.
Simultaneously with the Closing (a) Seller shall have received all necessary consents and lien releases and/or terminations with respect to all mortgages and security interests relating to the Assets under the Seller Credit Facility.
The Company is the record and beneficial owner of all of the Tanos Holdings Interests, Tanos Exploration Interests and Tanos Midstream Interests, free and clear of all liens and encumbrances other than those arising under the Seller Credit Facility.
Seller is the record and beneficial owner of all of the Company Interests, free and clear of all liens and encumbrances other than those arising under the Seller Credit Facility and the governing documents of the Company.