Speedline definition
Examples of Speedline in a sentence
The Purchaser shall be entitled to such Special Withdrawal Right exclusively in case the due diligence review of ASW-II reveals any material liabilities of ASW-II, including joint or indirect liabilities, any significant tax risks or any material costs or disadvantages involved in disassembling or liquidating ASW-II or transferring Speedline or the Shares to an Italian entity.
Speedline will enter into an agreement with Amcast whereby they will agree that (i) the amount of the credit currently owed by Amcast to Speedline will be reduced to $ 300,000 and (ii) Amcast will agree to pay such credit in quarterly installments of $ 75,000 each commencing April 1, 2009.
Borrower shall provide to Agent and the Banks audited financial statements for Speedline for fiscal year ended 1996 and reviewed interim financial statements for 1997, which financial statements shall not be materially, in the opinion of Agent and the Majority Banks, different from the financial statements previously provided.
On or prior to the Closing Date Speedline shall sign an amended license agreement concerning the marketing and sale in NAFTA countries of its products with the trademark "Speedline" with Amcast for a duration of fifteen (15) years in the form attached hereto as Annex 8.5.
Seller shall cause certain of these debts to be either forgiven or contributed to the capital of ASW-II in the most appropriate manner taking into account the possible tax effects for Amcast, ASW International Inc., Seller, ASW- II and Speedline.
These funds, less any Dutch taxes on capital investments, shall be immediately be contributed to the capital account of ASW International II, BV to be used exclusively for loans to Speedline as set forth in Section 2.4 below.
Except for the express representations and warranties contained herein, the Purchaser acknowledges that the Seller has made no representations, warranties or agreements of any kind as to ASW-II, Speedline, its Subsidiaries or the Business.
ASW-II owns all the quotas of Speedline free and clear of all liens and encumbrances and Speedline owns the participation in the Subsidiaries, free and clear of any lien.
If Borrower shall cease to own, directly or indirectly, one hundred percent (100%) of the outstanding stock of Speedline and its Subsidiaries.
The Parties agree that the starting from the earlier of (i) March 17, 2003 (in case the Closing has not taken place), or (ii) the receipt of the notice of withdrawal by Seller as set forth in Article 3, the Seller shall be entitled to start or proceed with negotiation with third parties for sale or implementation of any other transaction concerning ASW-II, Speedline or any Subsidiaries in any whatsoever form and manner.