Second Closing Conditions

Second Closing Conditions. Has the meaning given that term in the Asset Purchase Agreement.

Second Closing Conditions. Means that: (a) The Company shall have delivered to the Purchasers the Second Closing Notice within three business days of September 15, 2010 and it is acceptable to each Purchaser in its reasonable discretion; (b) The Company shall not have created, incurred, assumed, guaranteed, or otherwise have become, directly or indirectly, liable with respect to any indebtedness, except for Permitted Indebtedness; (c) The Company is not in default under any of... its debt obligations unless waived by the applicable lender(s) in a manner reasonably acceptable to the Purchasers; and (d) There has been no Material Adverse Change in the Company or its business. View More