UPCD definition
Examples of UPCD in a sentence
UPCD enters into this letter on its own behalf and on behalf of each Obligor pursuant to the authority under Clause 2.6 of the Facility Agreement.
UPCD has requested the Lenders to extend the Temporary Waiver for a further period.
A total of twenty thousand euros (EUR 20,000) of the authorized share capital of UPCD is issued and outstanding in the form of two hundred (200) ordinary shares.
UPCD acknowledges and agrees to these terms and conditions and undertakes to perform its obligations as set out below.
All such loans to UPC, to the Company's Subsidiaries (other than UPCD and its Subsidiaries and UPC Financing Partnership) and to UPC's other Subsidiaries other than Subsidiaries of chello (or, of chello's immediate parent other than chello Holdings has executed and delivered the requisite Intercompany Loan Document, chello) shall be made pursuant to Qualified Loans.
UPCD hereby makes the representations and warranties in Clauses 15.2, 15.3, 15.4 and 15.5 of the Facility Agreement (on the basis that for this purpose references in those Clauses to the Facility Agreement or the Finance Documents shall be construed as references to this letter).
We further confirm that the reason the Majority Lenders have agreed to this extension is to give UPCD and its parent companies sufficient time to complete the restructuring of the capital structure of UPC (the "Restructuring") as described in more detail in the restructuring agreement provided to Allen & ▇▇▇▇y o▇ ▇▇▇h September, 2002 entered into between inter alia UPC, UGC and the holders of UPC's bonds (the "Bondholders") set out in Annex A to that agreement (the "Restructuring Agreement").
All terms, covenants and other provisions of the UPCD Facility Agreement incorporated or referred to herein shall, unless otherwise provided herein, continue to apply to this Agreement and the obligations of the Obligors and Guarantor hereunder notwithstanding the termination of that agreement or the refinancing of that agreement such that it no longer applies solely to UPCD and its Subsidiaries.
All of the issued and outstanding share capital of UPCD is (A) owned by the UPCH, (B) except as set forth on Schedule 3.1(w)(iv) free and clear of all Liens, (C) fully paid and nonassessable and (D) subject to no options to purchase or similar rights of any Person.
UPCD shall, and shall ensure that UPC does, provide all assistance reasonably required by Deloitte & Touche in undertaking its reviews and preparing its reports to the Lenders.