CompUSA 2015 Annual Report Download - page 96
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Please find page 96 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.7.2 Authority; Binding Nature of Agreements .ThisAgreementhasbeendulyandvalidlyexecutedanddeliveredbyPurchaserandPCM.The
execution,deliveryandperformancebyPCMandPurchaserofthisAgreementandtheconsummation byPCMandPurchaser ofthetransactionscontemplated
herebyarewithinthecorporatepowersofPCMandPurchaserandhavebeendulyauthorizedbyallnecessarycorporateactiononthepartofPCMandPurchaser.
EachofthisAgreementandtheotherTransactionAgreementstowhichitisapartyconstitutesthelegal,validandbindingobligationofPurchaserandPCM,as
applicable, enforceable against Purchaser and PCM, as applicable, in accordance with its terms, except as may be limited by bankruptcy, insolvency,
reorganization, moratorium and other similar Legal Requirements and equitable principles related to or limiting creditors’ rights generally and by general
principlesofequity.
7.3 No Conflicts; Required Consents . The execution, delivery and performance by Purchaser and PCM of this Agreement or any other
TransactionAgreementtowhichitisapartydonotandwillnot(withorwithoutnoticeorlapseoftime):
(a)conflictwith,violateorresultinanybreachof(i)anyoftheprovisionsofPurchaser’sorPCM’scertificatesofincorporation,bylawsor
other organizational documents, if any; (ii) any resolutions adopted by Purchaser’s or PCM’s stockholders, or their respective boards of directors, similar
governing bodies, or committees thereof; or (iii) any of the terms or requirements of any Governmental Approval held by Purchaser or PCM that relates to
Purchaser’sorPCM’sbusiness;
(b)exceptasdescribedinSection7.3(c),giveanyGovernmentalAuthorityorotherPersontherightto(i)challengetheTransaction;or(ii)
exerciseanyremedyorobtainanyreliefunderanyLegalRequirementoranyOrdertowhichPurchaseroranyofitsassetsissubject;or
(c)require PurchaserorPCMtoobtainanyConsent ormakeordeliver anyfilingornotice toaGovernmentalAuthority, otherthan(i)
compliancewithanyapplicablerequirementsoftheExchangeActandanyotherstate,provincialorfederalsecuritieslaws,and(ii)compliancewithanyapplicable
requirementsoftheNasdaqStockMarket.
7.4 ETA Registrant. TheCanadianPurchaserisaregistrantforpurposesofthetaximposedunderPartIXoftheETAanditsregistrationnumberis
103802435RT0001.
7.5 Canadian Competition Act .ThePurchaser,togetherwithitsaffiliates(asthattermisdefinedinsubsection2(2)oftheCanadianCompetition
Act)haveassetsinCanadathatdonotexceedC$300millioninaggregatevalue,andgrossrevenuesfromsalesin,fromorintoCanadathatdonotexceedC$205
millioninaggregatevalue;ineachcasedeterminedinaccordancewithsubsection109(1)oftheCanadianCompetitionActandtheregulationsthereunder.
7.6 Funding .AsofthedateofthisAgreementandattheClosing, PurchaserandPCMhasandwillhaveavailabilitytoborrowthePurchasePrice
pursuanttoPCM’sexistingcreditfacilitiesandtoutilizesuchborrowingstofulfillPurchaser’sobligationstopaythePurchasePricehereunder.
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