CompUSA 2015 Annual Report Download - page 86
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Please find page 86 of the 2015 CompUSA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.(a)contravene,violateorresultinanybreachof(i)anyoftheprovisionsofanySeller’sorSystemax’scertificateofincorporation,bylawsor
other organizational documents, if any; (ii) the corporate resolutions of any Seller or Systemax; (iii) any of the terms or requirements of any Governmental
ApprovalheldbyaSellerorSystemaxorthatotherwiserelatestotheBusinessoranyofthePurchasedAssetsorAssumedLiabilities,assumingcompliancewith
themattersandactionsrequiredhereunderwithrespecttheretoincludingassetforthinSection6.4(e)andassumingPurchaser’scompliancewiththemattersand
actions required under Section 7.3 ; or (iv) any provision of any Purchased Contract; except with respect to clauses (iii) and (iv) where such contravention,
violationorbreachwouldnothaveaMaterialAdverseEffect;
(b)assumingcompliance bySellerswiththemattersandactions requiredhereunderwith respecttheretoincludingassetforthinSection
6.4(e) and by Purchaser with respect to the matters and actions required hereunder with respect thereto including as set forth in Section 7.3 , give any
GovernmentalAuthorityorotherPersontherightto(i)challengetheTransaction;(ii)exerciseanyremedyorobtainanyreliefunderanyLegalRequirementor
anyOrdertowhichanySeller,SystemaxoranyofthePurchasedAssetsorAssumedLiabilities,issubject;(iii)declareadefaultof,exerciseanyremedyunder,
accelerate the performance of, cancel, terminate, modify or receive any payment under any Purchased Contract; or (iv) revoke, suspend or modify any
GovernmentalApproval;ineachsuchcaseexceptaswouldnothaveaMaterialAdverseEffect;
(c)causeanySellerorPurchasertobecomesubjectto,ortobecomeliableforthepaymentof,anyTax,orcauseanyofthePurchasedAssets
tobereassessedorrevaluedbyanyTaxAuthorityorotherGovernmentalAuthority;
(d)resultintheimpositionorcreationofanymaterialEncumbranceuponorwithrespecttoanyofthePurchasedAssets;or
(e)requireaSellertoobtainanyConsentormakeordeliveranyfilingornoticetoaGovernmentalAuthority,otherthan(i)compliancewith
anyapplicablerequirementsoftheExchangeActandanyotherstate,provincialorfederalsecuritieslaws,(ii)compliancewithanyapplicablerequirementsofthe
NewYorkStockExchange,and(iii)anyactionsorfilingstheabsenceofwhichwouldnothaveaMaterialAdverseEffect.
6.5 Material Contracts .
(a)Other than (x) any “material contract” (as such term is defined in Item 601(b)(10) of Regulation S-K under the 1933 Act) filed or
incorporatedbyreferenceasanexhibittotheSECFilings,(y)anyExcludedAsset,Section6.5oftheSellerDisclosureSchedulesetsforthanaccurate,correctand
completelistofallContractsrelatedtotheBusinesstowhichanyofthedescriptionssetforthbelowmayapply:
(i)Person`al Property Leases, anyContractforLeasedRealProperty, Contracts affecting anySellerIntellectualPropertyand
materialGovernmentalApprovals;
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