Tanok definition

Tanok means Procesdora Tanok, S. de ▇. ▇. de C. V., a Mexican limited liability company.

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Tanok means Procesdora Tanok, S. de ▇. ▇. de C. V., a Mexican limited liability company. “Tanok Obligation” has the meaning specified in Section 7.08(e). “Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. “Term Loan Agent” means Alcon Research, LLC. “Term Loan Agreement” means that certain Credit and Guaranty Agreement, dated as of May 22, 2023, by and among the Loan Parties, the Term Loan Agent, and the Term Loan Lenders, as may be amended, modified, restated, supplemented, refinanced or replaced and in effect from time to time in accordance with the terms and conditions of the Term Loan Intercreditor Agreement. “Term Loan Debt” means all Indebtedness under the Term Loan Documents. “Term Loan Documents” means, collectively (a) the Term Loan Agreement, and (b) each of the other “Loan Documents,” as that term is defined in the Term Loan Agreement, entered into by and among the Loan Parties, the Term Loan Agent, and the Term Loan Lenders with respect to the Term Loan Debt, all as in effect on the date hereof or as may be amended, modified, restated, supplemented, refinanced or replaced and in effect from time to time in accordance with the terms and conditions of the Term Loan Intercreditor Agreement. “Term Loan Intercreditor Agreement” means the Intercreditor Agreement dated as of May 22, 2023, between Administrative Agent and Term Loan Agent, as may be amended, modified, restated, or supplemented from time to time in accordance therewith, which provides that: (a) the Liens of the Administrative Agent on the ABL Priority Collateral shall be senior in priority to the Term Loan Liens on the ABL Priority Collateral, and (b) the Term Loan Liens on the Term Loan Priority Collateral shall be senior in priority to the Liens of the Administrative Agent on the Term Loan Priority Collateral. “Term Loan Lenders” means the “Lenders” from time to time party to the Term Loan Agreement, as such term is defined therein. “Term Loan Liens” means the Liens and security interests granted by the Loan Parties to Term Loan Agent to secure the Term Loan Debt under the Term Loan Documents. 64

Tanok means Procesdora Tanok, S. de ▇. ▇. de C. V., a Mexican limited liability company. “Tanokatan” means ▇▇▇▇▇▇▇▇▇, S. de ▇. ▇. de C. V., a Mexican limited liability company. “Target Leverage” has the meaning assigned to it in Section 2.13(g).

Examples of Tanok in a sentence

For the avoidance of doubt, nothing in this Section 7.08 is intended to restrict or impair any rights of subrogation, reimbursement, indemnification or contribution that any Loan Party may have against any other Person with respect to satisfaction of the Tanok Obligations.
Any pension funds related to the Tanok employees are funded in accordance with Applicable Laws.
Prior to January 1, 2016, Tanok was classified as a C corporation at all times since its formation for U.S. federal Income Tax purposes.
Neither Tanok nor Tanokatan has made an election under Section 897(i) of the Code.
The Tanok Employee Savings Plan funds are property of the Tanok employees and will not be removed from Tanok by any Company Party prior to the Closing.
Except for the Equity Interests of Tanok, Tanokatan and Toluca Gourmet held by Yucatan, no Company owns or controls, directly or indirectly, any Equity Interests in, or any interest convertible into or exchangeable or exercisable for any Equity Interests in, any Person.
The original, signed individual and/or collective labor agreements for each Tanok employee are present at the Tanok facility.
For the avoidance of doubt, nothing in this Section 5.8 is intended to restrict or impair any rights of subrogation, reimbursement, indemnification or contribution that any Credit Party may have against any other Person with respect to satisfaction of the Tanok Obligations.
Each of Tanok and Tanokatan is a Mexican tax resident and is duly qualified to do business in Mexico.
Schedule 3.20(a) also includes the form of individual employment contract that Tanok has with its employees.

More Definitions of Tanok

Tanok means Procesadora Tanok, S. de R. L. de C.V., a limited liability company with variable capital organized under the laws of Mexico. “Tanok Employee Savings Plan” has the meaning set forth in Section 3.20(j).