Seramed definition
Examples of Seramed in a sentence
The Corporation shall have the right to designate as your employer hereunder Serologicals, Inc., Seramed, Inc., any affiliate of which the Executive shall have significant operating or managerial responsibility or any other affiliate to which the Executive agrees; provided that in the event of such designation, the Corporation shall remain responsible for its obligations hereunder in the event that any such designee fails to perform such obligation.
Each of Seramed, Allied and Nations shall deliver to Buyer a certified copy of its respective amended certificate of incorporation which changes such Seller's name to a name which does not resemble its present name.
Notwithstanding anything else contained herein or in the other Credit Documents, consummation of the Seramed Disposition in accordance with this Section, or other Dispositions permitted under this Section, shall not constitute a breach or Event of Default hereunder or under the other Credit Documents.
Each Seller agrees that, immediately after the Closing Date, such Seller shall cease forever using the names of its respective Donor Centers and Seramed, Nations and Allied will cooperate fully with the Buyer in preparing all filings and forms transferring the rights to use and own the corporate names Seramed, Inc., Nations Biologics, Inc.
Seramed Disposition......................................................62 Section 6.23.
All of the Net Proceeds of the Seramed Disposition were either (i) used by the Borrower to finance a Restricted Payment permitted under Section 9.6.(b)(ii) of the Existing Credit Agreement or (ii) applied by the Loan Parties to finance Acquisitions or to acquire, construct or improve properties or capital assets to be used by any of the Loan Parties in the same or similar line(s) of business as those described in Section 6.18.