Liens on Assets. There are no Liens for Taxes on any assets of any Company Group Member, other than Liens for Taxes not yet delinquent.
Liens on Assets. Except as set forth on Schedule 3.21, all liens or security interests of any third party as to any of the Assets have been removed on or before the Effective Date, and the Seller has furnished evidence thereof to Buyer.
Liens on Assets. Except as set forth on Schedule 3.22, all liens ------------- or security interests of any third party as to any of the Assets have been removed on or before the Effective Date, and the Seller has furnished evidence thereof to Buyer.
Liens on Assets. There are no liens held by any party on the ReadyMed Assets.
Liens on Assets. The assets, including any real property in which the Company or any Company Subsidiary has an interest, reflected in the balance sheet of the Company for the year ended December 31, 1997 included in the Company 1997 10-K (the "Company 1997 Balance Sheet") or acquired in the ordinary course of business since December 31, 1997 (the "Company Assets") (except those Company Assets sold or disposed of in the ordinary course of business for full and fair consideration), are free and clear of all mortgages, security interests, pledges, liens and encumbrances (collectively, "Encumbrances") other than (a) as set forth on the Company Disclosure Schedule, (b) as reflected in the Company 1997 Balance Sheet, (c) "mechanics" liens or similar statutory liens on assets which, in the aggregate, are not material to the Company and the Company Subsidiaries, taken as a whole, and (d) liens for state and local property taxes not in arrears and liens arising by operation of law.
Liens on Assets. MGE has not, directly or indirectly, caused --------------- the creation, imposition or placement of any Lien upon any of the assets (including real, personal and intangible property) of the Nuclear Plant except those Liens described on Schedule 11(g). To MGE's knowledge, there are no Liens which have been created, imposed or placed on any such assets except those described on Schedule 11(g).
Liens on Assets. On the Closing Date, all liens, security interests or encumbrances of any nature on or affecting the Assets shall be fully removed and discharged at the sole cost and expense of Seller.
Liens on Assets. Except as described in Schedule 3.22 and the IPC Financial Statements, IPC has good and marketable title to all of its respective Assets and such Assets are not subject to any mortgages, pledges, liens, conditional sales agreements, encumbrances and security interests or claims except for minor imperfections in title and encumbrances, if any, which singularly and in the aggregate are not substantial in amount and do not materially detract from the value of the property subject thereto or impair the use thereof by their business.
Liens on Assets. Except as hereinafter provided in this Section 1008, so long as any Security shall remain Outstanding, the Company will not, and will not permit any Subsidiary to, create or suffer to exist any Mortgage, or otherwise subject to any Mortgage the whole or any part of any property or assets now owned or hereafter acquired by any of them, without securing, or causing such Subsidiary to secure, the Outstanding Securities, and any Indebtedness of the Company and such Subsidiary which may then be outstanding and entitled to the benefit of a covenant similar in effect to this covenant, equally and ratably with the Indebtedness secured by such Mortgage, for as long as any such Indebtedness is so secured. The foregoing covenant does not apply to the creation, extension, renewal or refunding of the following:
Liens on Assets. (a) In connection with a loan to Company in the amount of $2,000,000 from the California Integrated Waste Management Board (CIWMB), the Company has granted to the CIWMB a first position lien in all Company equipment. In connection with a loan to Company in the amount of $600,000 from The Elevation Fund LLC, the Company granted a second position lien in all Company equipment and a blanket lien on all other assets. SCHEDULE 3.8: ITEC WARRANTS # Name # of shares Registration Rights Date 1 X. XxXxxxxxxxxx 2,457,370 Piggy Back 2/15/05 2 X. XxXxxxxxxxxx 2,000,000 Piggy Back 4/15/05 3 X. Xxxxxxxx 1,000,000 Piggy Back 4/15/05 4 X. Xxxx 500,000 Piggy Back 4/15/05 5 X. Xxxxx 250,000 Piggy Back 4/15/05 6 X. Xxxxxxxx 500,000 Piggy Back 4/21/05 7 G. Kankis 500,000 Piggy Back 4/21/05 8 Dormition Skete 100,000 None 6/8/05 9 Xxxxxxxx Xxxxx Xxxxxx Trust 500,000 None 6/8/05 10 Dormition Skete 1,000,000 None 7/1/05 11 Xxxxxxxx Xxxxx Xxxxxx Trust 500,000 None 6/30/05 12 Royal Mortgage Corp 300,000 Piggy Back 7/11/05 13 Elevation Fund 8,500,000 See * 8/1/05 14 CGF Fund I 1,418,439 See * 8/4/05 15 Xxxxxxxx Xxxxx Xxxxxx Trust 500,000 None 8/19/05 16 Xxxxxxxx Xxxxx Xxxxxx Trust 320,000 None 9/19/05 17 Xxxxxxxx Xxxxx Xxxxxx Trust 300,000 None 8/19/05 18 Xxxxxxxx Xxxxx Xxxxxx Trust 40,000 None 8/19/05 IN PROCESS OF DRAFTING: NEXT RESOLUTION # Name # of shares Registration Rights 19 Xxxxx Xxxxxx 850,000 1 demand and unlimited piggy back 20 X. Xxxx 1,000,000 Piggyback 21 X. XxXxxxxxxxxx 19,500,000 Piggyback 22 Saratoga Capital Partners 500,000 Piggyback 23 X. Xxxxx 250,000 Piggyback 24 X. Xxxxxxxx 500,000 Piggyback NOT IN POSSESSION OF EXECUTED COPY: SENT TO ITEC KW Securities 100,000 See * OPTION TO RECEIVE WARRANTS: CGF INDIVIDUAL INVESTORS XX Individual Investors1 500,000 See * * The Company shall prepare and, as soon as practicable, but in no event later than 75 days following the closing date of the Private Placement (the “Filing Deadline”), file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form SB-2 covering the resale of all shares of Common Stock underlying the Warrant (the “Registrable Securities”). 1 If the Loan is not converted into common stock pursuant to the Promissory Notes, identified above as Capital Growth Financial Investors, Itec shall issue to the lenders on a pro-rata basis warrants to purchase in the aggregate 500,000 shares of common stock of Itec, at an exercise price of $0.13 per share. Exhibit C
