Mexican Operations. 18 ------------------ SECTION 3.20. Year 2000 Compliance.................................18 --------------------
Mexican Operations. Neither the Company nor any ------------------ of its directors or officers has any reason to believe that General Motors Corporation intends to terminate, or modify in any respect which is materially adverse to the Company or its subsidiary, Durakon Mexicana, S.A. de C.V., the project known as GMT805.
Mexican Operations. The property included in the Acquired Assets which is located at the Xxxxxxxx Mexico Facility has been imported in accordance in all material respects with the Mexican custom laws and under a current and valid Maquiladora program held by Xxxxxxxx de Mexico, as the importer of record. No event has occurred, and no circumstances exist, which would reasonably be expected to permit state, local or federal Mexican Governmental Entities to seize, put an Encumbrance on, or otherwise obtain control of any of the Acquired Assets located at the Xxxxxxxx Mexico Facility, other than Taxes that are not yet due and payable in the Ordinary Course of Business.
Mexican Operations. 33 4.13 LEASES................................................ 34 4.14 INVENTORY............................................. 35 4.15
Mexican Operations. None of the Mexican Facilities is owned or operated by the Sellers and none of the employees thereof is employed by the Sellers. To the best knowledge of Sellers, no event has occurred and no circumstances exist which could reasonably be expected to permit state, local or federal Mexican governmental authorities to seize, put a lien on, or otherwise obtain control of any of the Purchased Assets located at the Mexican Facilities. To the knowledge of Sellers, Sellers have taken no action which is reasonably likely to materially and adversely affect any of the Purchased Assets in the Mexican Facilities. The Sellers have no reason to believe that the demand for products packaged at the Mexican Facilities will not equal or exceed the minimum requirements of the contracts under which the Mexican Facilities package Sellers' products.
Mexican Operations. Notwithstanding any contrary terms of Section 2.1, or as contained in various definitions set forth in Section 1.1, with specific reference to Lewix, x portion of its Borrowing Base, not to exceed, however, One Million Five Hundred Thousand Dollars ($1,500,000), may be derived from a Supply Contract (the "Mexican Supply Contract"),' to be entered between Lewix xxx Magnetek, (U.S.), in respect of a plant or production facility of Magnetek, (U.S.), to be located in Mexico (the "Mexican Plant"), subject, however, to the following terms, conditions and limitations which must be met to Lender's sole and complete satisfaction, as evidenced by its written notice to Lewix xx such effect:
Mexican Operations. (a) At the Closing, Seller’s Affiliate, Intersection Development Corporation S.A. de C.V. (“Seller Affiliate”), will transfer Seller’s maquiladora business operations to Buyer’s affiliate, Quixote Transportation Safety Mexico, S. de X. X. de C. V. (“Buyer Affiliate”) including the name “Intersection Development Corporation S.A. de C.V.”; provided, however, Seller Affiliate will retain its real estate and fixtures. At Closing, Seller Affiliate will transfer all assets Seller Affiliate owns by Xxxx of Sale to Buyer Affiliate as of the Closing Date, and Seller Affiliate will assign, and Buyer Affiliate will assume, the ordinary course Liabilities of the Seller Affiliate as of the Closing Date.
Mexican Operations. 85 SECTION 9
Mexican Operations. The Borrower will not maintain any of its inventory in Mexico at any location other than Mataxxxxx, Xxxico unless the Borrower shall have caused to be executed and delivered such documents, instruments and certificates, if any, as are required (in the reasonable determination of the Agent) to ensure that the Credit Parties are at all times in compliance with the terms of Section 7.9(b).
Mexican Operations. During the due diligence period Buyer will evaluate the Mexican operations of the Company and consider a sale of the existing Mexican operations to Xxxx Xxxxxxx and certain other existing CinemaStar management personnel. In the event that Buyer determines to permit such a sale, the sale will be effected by an agreement to be negotiated between the Company and such Company personnel, subject to the approval of the terms of such agreement by Buyer.
