UATC definition
Examples of UATC in a sentence
The Company shall not revoke its notice to redeem the UATC Senior Secured Notes and shall repay, or cause to be repaid, the UATC Senior Secured Notes in full not later than 45 days after the Closing Date.
The Company shall not permit any of its Subsidiaries to issue any class of common stock, preferred stock, whether or not redeemable, or other capital stock or other equity interests, or otherwise change its equity structure, except as permitted by Section 7.05(d) or (g) and except that the Company may contribute the UATC Preferred Stock to the capital of UATC.
The Unaudited Balance Sheets of UATC and CUAA, respectively, present and the Audited Balance Sheets of UATC and CUAA, respectively, when delivered as aforesaid, will present fairly the financial position, in accordance with GAAP, of UATC and CUAA, respectively, as of the dates set forth therein and the results of operations of UATC and CUAA, respectively, for the period set forth therein.
No portion of the Loans will be used, directly or indirectly, (a) to purchase or carry Margin Stock or to repay or otherwise refinance indebtedness of the Company or others incurred to purchase or carry Margin Stock, (b) to extend credit for the purpose of purchasing or carrying any Margin Stock or (c) to acquire any security in any transaction which is subject to Section 13 or 14 of the Securities Exchange Act other than the UATC Senior Secured Notes.
When the stock of Prop I or any Wholly-Owned First-Tier Subsidiary is required to be pledged, the Subsidiary Pledge Agreement, or a supplement thereto, duly executed and delivered by UATC and UAR, together with all stock and other equity ownership interests in Prop I and such Wholly-Owned First-Tier Subsidiaries, together with undated stock transfer powers duly executed in blank for each such certificate.
The Company agrees to assume all obligations of UATC under the Existing Letters of Credit and the applications and agreements relating thereto, and agrees to execute, acknowledge, deliver and record all certificates, agreements, assurances and other instruments as the Administrative Agent or such Issuing Lenders may reasonably require from time to time in order to assure and confirm such assumption.
Subject to Section 4.03, the Collateral includes all outstanding capital stock and other equity interests of UATC (other than the UATC Preferred Stock which is being contributed to UATC), Prop I and UAR and all Wholly-Owned First-Tier Subsidiaries of UATC and the Intercompany Note.
On the UATC Senior Secured Note Repayment Date, the Company Pledge Agreement, duly executed and delivered by the Company, together with the Intercompany Note duly endorsed and all certificates and instruments representing all stock and other equity ownership interests in UATC (other than the UATC Preferred Stock which is being contributed to UATC) and UAR, together with undated stock transfer powers duly executed in blank for each such stock certificate.
Each of UATC and CUAA is a corporation duly organized and validly existing under the laws of Argentina, with full power and authority to own, operate and lease its properties and to carry on its business as now conducted except where the failure to be so organized and existing or to have such power and authority would not have a Material Adverse Effect.
Thereafter, upon the creation, acquisition or beneficial ownership of any Wholly-Owned First-Tier Subsidiary, the Company shall cause UATC to promptly comply with the applicable provisions of Section 4.03.