Waters Medical Systems definition
Examples of Waters Medical Systems in a sentence
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.
Upon the effectiveness of this consent, Schedule 5.5 of the Credit Agreement is hereby amended in its entirety to conform to the form attached hereto as Schedule 5.5. The Lender’s consent under this Section 5 is conditioned upon and will be effective only after Lender has received all of the instruments and documents required to be delivered by each of Zareba Systems, Waters Medical Systems and Zareba Security under Section 7 hereof.
Upon the effectiveness of this consent, Schedule 5.5 of the Credit Agreement is hereby amended in its entirety to conform to form attached hereto as Schedule 5.5. The Lender’s consent under this Section 11 is conditioned upon and will be effective only after Lender has received all of the instruments and documents required to be delivered by both Zareba and Waters Medical Systems under Section 15 hereof.
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.
This Second Amendment shall be effective immediately upon execution hereof by the Original Borrower and Waters Medical Systems, 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.
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”).
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.
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.