Examples of Waters Medical Systems in a sentence
This Second Amendment shall be effective immediately upon execution hereof by the Original Borrower and Waters Medical Systems, and delivery hereof to the Lender.
Zareba and the Lender are parties to a Credit and Security Agreement dated as of September 7, 2004 as amended by the First Amendment to Credit and Security Agreement dated as of April 29, 2005, and by the Second Amendment to Credit and Security Agreement dated as of December 23, 2005, (pursuant to which Waters Medical Systems was made part of the Borrower) (which, as the same is amended hereby, shall be the “Credit Agreement”).
This Fourth Amendment shall be effective as of May 1, 2006 upon execution hereof by Zareba Systems, Waters Medical Systems and Zareba Security, and delivery hereof to the Lender.
The term “Borrower” shall for all purposes as used herein and in the Credit Agreement and in any other Loan Document, refer to Zareba Systems, Waters Medical Systems and Zareba Security.
Collateral owned by Waters Medical Systems will be included in the Borrowing Base to the extent it otherwise satisfies the requirements therefore; provided that Eligible Inventory will also exclude Inventory constituting products sold by Waters Medical Systems.
The Original Borrower organized Waters Medical Systems as a new wholly-owned subsidiary on March 2, 2005, and on June 30, 2005 transferred all the assets of the Original Borrower’s medical products division to Waters Medical Systems.
The term “Borrower” shall for all purposes as used herein and in the Credit Agreement and in any other Loan Document refer to both the Original Borrower and Waters Medical Systems.
Seller is the record and beneficial owner of all of the issued and outstanding common stock, par value $.01 per share (the “Shares”), of Waters Medical Systems, Inc., a Minnesota corporation (“Waters”), and desires to sell the Shares to Buyer, and Buyer desires to purchase the Shares from Seller upon the terms and subject to the conditions hereinafter set forth.