LONG ISLAND ASSETS Sample Clauses

LONG ISLAND ASSETS. For purposes of this Agreement, the "LONG ISLAND ASSETS" shall mean, except as set forth in the following sentence, all of the tangible and intangible assets, real, personal or mixed, that are owned by Long Island or in which it has an ownership interest and that are utilized or are held for use in connection with or are necessary to the business of Long Island, including, without limitation, all lithotripters and other property, plant, and equipment, real property leasehold rights, contract rights (including, without limitation, rights under leases of lithotripters and management agreements with the Lithotripsy Practice and non-competition agreements), telephone numbers, books and records, inventory and supplies, trade names, trademarks, cash, cash equivalents, bank accounts and accounts receivable, and, to the extent permitted by law, all licenses, permits, and authorizations. Notwithstanding the foregoing, the Long Island Assets shall not include assets disposed of from the date hereof until Closing in the ordinary course of business consistent with past practice and otherwise in conformity with the obligations of Long Island under this Agreement, Long Island's Certificate of Formation and Operating Agreement, its qualification to do business in any jurisdiction, taxpayer identification number, minute books, membership interest transfer records and other documents related specifically to such Long Island's limited liability company organization and maintenance, and its membership interest in Downstate (collectively, the "LONG ISLAND EXCLUDED ASSETS").
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Related to LONG ISLAND ASSETS

  • Real Property Holding Corporation The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

  • Tropical Hardwood and Virgin Redwood Ban Pursuant to San Francisco Environment Code Section 804(b), the City urges Contractor not to import, purchase, obtain, or use for any purpose, any tropical hardwood, tropical hardwood wood product, virgin redwood or virgin redwood wood product.

  • Organization Documents; Good Standing Each of the following documents:

  • Real Property Holding Company The Company is not a real property holding company within the meaning of Section 897 of the Code.

  • Limited Liability Company The Member intends to form a limited liability company and does not intend to form a partnership under the laws of the State of Delaware or any other laws.

  • Organization; Good Standing The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

  • Ownership of Merger Sub; No Prior Activities (a) Merger Sub was formed solely for the purpose of engaging in the transactions contemplated by this Agreement.

  • Principal Place of Business; State of Organization (a) Borrower’s principal place of business as of the date hereof is the address set forth in Schedule I. Each Borrower is organized under the laws of the State of Delaware.

  • Organization; Corporate Powers The Borrower and each of its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (ii) is duly qualified to do business and is in good standing under the laws of each jurisdiction in which failure to be so qualified and in good standing could not reasonably be expected to have a Material Adverse Effect and (iii) has all requisite corporate power and authority to own, operate and encumber its property and to conduct its business as presently conducted and as proposed to be conducted.

  • U.S. Real Property Holding Corporation The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

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