Examples of Acquired Companies in a sentence
Prior to the Closing Date, Seller shall cause the Acquired Companies to transfer the employment of each Business Employee to Seller or one of its Affiliates other than an Acquired Company.
Seller shall control, at its own cost and expense, any Tax Contest with respect to a Seller Consolidated Return; provided that, to the extent such contest would reasonably be expected to affect the Tax Returns or Tax Liability of the Acquired Companies for a taxable period (including portion thereof) beginning after the Closing Date, Seller shall keep Buyer reasonably informed of any material development with respect to such contest.
Between the Lookback Date and the date hereof, none of Seller, the Asset Transferors, the Acquired Companies or, to the Knowledge of Seller, any other party to any Material Contract has provided or received any notice (whether written or oral) of any intention to terminate or seek renegotiation of, any Material Contract, except as would not, individually or in the aggregate, reasonably be expected to be material to the Business.
Seller, the Asset Transferors and the Acquired Companies (in each case, solely with respect to the Business) are not in, or, to the Knowledge of Seller, alleged to be in, and to the Knowledge of Seller, no other party to any Material Contract is in or alleged to be in, breach or default under any of the Material Contracts other than such breaches or defaults that would not, individually or in the aggregate, reasonably be expected to be material to the Business.
From and after the Closing, the Business, the Acquired Companies, the Transferred Assets and the Assumed Liabilities shall cease to be insured by the Parent Group’s or the Seller Group’s insurance policies.