Tessco definition
Examples of Tessco in a sentence
Borrower shall promptly notify Agent of all material developments relating to the Tessco Liquidation, and promptly provide Agent with complete copies of any and all documents, instruments, agreements governing such transaction.
In determining whether a particular Account of Borrower or Tessco constitutes an Eligible Account, Agent shall not include any such Account to which any of the exclusionary criteria set forth below applies.
For the avoidance of doubt, the Tessco Labeled Inventory shall not be included in such certificate or included in the Estimated Inventory Value.
In determining whether any particular Inventory of Borrower or Tessco constitutes Eligible Inventory, Agent shall not include any such Inventory to which any of the exclusionary criteria set forth below applies.
For the avoidance of doubt, in no event will Sellers’ right to cure any Tessco Labeled Inventory as set forth above extend any of the time periods or deadlines set forth in this Section 2.4.
The Closing Schedule also shall include a list of any Tessco Labeled Inventory.
In addition, if any such transaction or series of related transactions other than as part of the Tessco Liquidation involves payments in excess of $100,000, the terms of these transactions must be disclosed in advance to Agent and Lenders.
This Power of Attorney is executed and delivered by Tessco Group, Inc., a Michigan corporation ("Grantor") to General Electric Capital Corporation, a New York corporation (hereinafter referred to as "Attorney"), as Agent for the benefit of Agent and Lenders, under a Credit Agreement and a Security Agreement, both dated as of October 24, 1997 and other related documents (the "Loan Documents").
Tessco shall be merged into Code Acquisition upon the filing of a Certificate of Merger with the Corporation and Securities Bureau of the Michigan Department of Commerce and the Articles of Merger with the Secretary of State, Corporate Division, of the State of Texas (the time at which the latter of such filings shall be deemed effective is referred to as the "Effective Time") which filings shall be made as soon after the execution of this Agreement and Plan of Merger as practicable.
Code Acquisition further agrees that it will promptly pay to any dissenting shareholder of Tessco the amount, if any, to which such shareholder shall be entitled under the provisions of the Texas Business Corporation Act with respect to the rights of such dissenting shareholder.