No Material Assets Sample Clauses

No Material Assets. As of the Eighth Amendment Effective Date, no Excluded Subsidiary (as defined in the Credit Agreement, as amended by this Eighth Amendment) (a) owns material Properties other than Equity Interests in, and Debt issued by, other Excluded Subsidiaries or Subsidiaries of the Borrower (and all such Debt owed to such Excluded Subsidiary will, by October 1, 2018, be transferred to a Credit Party) or (b) owes Debt to a Person other than a Subsidiary of the Borrower or another Excluded Subsidiary.
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No Material Assets. Other than employment rights relating to certain of the employees of the Selling Entities engaged in the conduct of the Business or the rights to the royalty payments described in Section 3.1(b) of this Agreement, none of the Sellers, other than CDI, has any ownership rights in any assets used in connection with the operation of the Business, including, without limitation, any Intellectual Property rights relating to the Business, or has any interest in the operating income of the Business. None of CD Electronics, Inc., Warehouse, First Computer Dynamics, Inc., Blue Ridge Technical Services, GE Custom Services, TM Services, Dynamic Software, Inc., CDI Sales, Inc., Computer Dynamics Systems, Inc., CDI Sales and Applications, Inc., Computer Dynamics International, Inc., Computer Dynamics Distribution, LLC, Computer Dynamics Sales, Inc., CDI Services, Inc., CDI Computer Dynamics, Inc. (collectively, the "Related Entities"), or any other entity affiliated with Xxxxxxxx or, to Priester's knowledge, any employees of the Selling Entities, has any ownership rights in any assets currently used in connection with the operation of the Business, including, without limitation, any Intellectual Property rights relating to the Business, or has any interest in the operating income of the Business or is engaged in any Business which competes with the Business. None of the Related Entities currently owns any assets of material value or has any rights to any assets of material value.
No Material Assets. Such Seller or Additional Seller has no material assets relating to the operation of the business of the Company or any Company Subsidiary, other than the Acquired Units and copies of such books and records as may be reasonably necessary, after the Closing, for such Seller or Additional Seller to comply with applicable Laws (including applicable Tax Laws) and to exercise its rights and to perform its obligations under this Agreement or any Ancillary Agreement to which such Seller or Additional Seller is to be a party; provided, however, that nothing herein shall require the destruction of records maintained by such Seller or Additional Seller in the ordinary course.
No Material Assets. Save for NeoKera IP (as defined below) and Records (as defined below), NeoKera has no material assets.

Related to No Material Assets

  • Material Assets The financial statements of the Acquiror Company set forth in the SEC Documents reflect the material properties and assets (real and personal) owned or leased by the Acquiror Company.

  • No Materially Adverse Contracts, Etc Neither the Company nor any of its Subsidiaries is subject to any charter, corporate or other legal restriction, or any judgment, decree, order, rule or regulation which in the judgment of the Company’s officers has or is expected in the future to have a Material Adverse Effect. Neither the Company nor any of its Subsidiaries is a party to any contract or agreement which in the judgment of the Company’s officers has or is expected to have a Material Adverse Effect.

  • No Material Misstatements None of the Underwriters shall have discovered and disclosed to the Company on or prior to such Closing Date that the Registration Statement or any amendment or supplement thereto contains an untrue statement of a fact which, in the opinion of counsel for the Underwriters, is material or omits to state any fact which, in the opinion of such counsel, is material and is required to be stated therein or is necessary to make the statements therein not misleading, or that the General Disclosure Package, any Issuer Free Writing Prospectus or the Prospectus or any amendment or supplement thereto contains an untrue statement of fact which, in the opinion of such counsel, is material or omits to state any fact which, in the opinion of such counsel, is material and is necessary in order to make the statements, in the light of the circumstances in which they were made, not misleading.

  • No Material Defaults Neither the Company nor any of the Subsidiaries has defaulted on any installment on indebtedness for borrowed money or on any rental on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.

  • No Material Default Neither the Seller nor any of its Affiliates is in material default under any agreement, contract, instrument or indenture of any nature whatsoever to which the Seller or any of its Affiliates is a party or by which it (or any of its assets) is bound, which default would have a material adverse effect on the ability of the Seller to perform under this Agreement, nor, to the best of the Seller's knowledge, has any event occurred which, with notice, lapse of time or both, would constitute a default under any such agreement, contract, instrument or indenture and have a material adverse effect on the ability of the Seller to perform its obligations under this Agreement;

  • No Material Pending Actions To the best of its knowledge, there are no material pending, threatened, or contemplated actions, suits, proceedings, or investigations before or by any court, governmental, administrative, or self-regulatory body, board of trade, exchange, or arbitration panel to which it or any of its affiliates, is a party or to which it or any of its affiliates or assets are subject, nor has it or any of its affiliates received any notice of an investigation, inquiry, or dispute by any court, governmental, administrative, or self-regulatory body, board of trade, exchange, or arbitration panel regarding any of their respective activities which might reasonably be expected to result in a material adverse change in the Adviser’s financial or business prospects or which might reasonably be expected to materially impair the Adviser’s ability to discharge its obligations under this Agreement or the Advisory Agreement with the Trust.

  • No Material Notices None of the following events shall have occurred and be continuing: (i) receipt by the Company of any request for additional information from the Commission or any other federal or state governmental authority during the period of effectiveness of the Registration Statement, the response to which would require any post-effective amendments or supplements to the Registration Statement or the Prospectus; (ii) the issuance by the Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose; (iii) receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Placement Shares for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; or (iv) the occurrence of any event that makes any material statement made in the Registration Statement or the Prospectus or any material document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in the Registration Statement, the Prospectus or documents so that, in the case of the Registration Statement, it will not contain any materially untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading and, that in the case of the Prospectus, it will not contain any materially untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.

  • No Material Change There has been no material adverse change in the business, operations, financial condition or assets of the Company since the date of the Company's most recent financial statements;

  • Real Property; Title to Assets (a) The Company does not own any real property.

  • No Material Adverse Effect Since the date of this Agreement, there shall not have occurred any event, fact or circumstance, that has had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

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