AAR Manufacturing definition
Examples of AAR Manufacturing in a sentence
AAR Manufacturing or the applicable Acquired Company has good fee simple title to the Owned Real Property as set forth in Section 3.5(a) of the Seller Disclosure Letter, free and clear of Encumbrances, except for Permitted Encumbrances and for such failure(s) that would not materially and adversely affect the ability of AAR Manufacturing to perform its obligations under the Goldsboro Real Estate Lease.
No Seller, Acquired Company or the Satair JV has received any written notice from any other Person challenging any right of AAR Manufacturing, any Acquired Company or the Satair JV to use any of the intellectual property listed in Schedule 3.14 of the Seller Disclosure Schedule that is material to the operation of the Business as currently conducted and which remains outstanding.
The Recipient consents to the electronic delivery of any prospectus and any other documents relating to this Award in lieu of mailing or other form of delivery.
AAR Manufacturing and certain Subsidiaries of AAR International own and operate the Business.
AAR Manufacturing, the Acquired Companies and the Satair JV own all right, title and interest in and to, or have a license, sublicense or permission to use, all of the material intellectual property used in the Business, free and clear of all material Encumbrances (other than Permitted Encumbrances), and such intellectual property constitutes all intellectual property necessary to conduct the Business in the manner currently conducted.
Buyer shall recognize service with AAR Manufacturing, an Acquired Company or the Satair JV, as applicable, prior to the Closing Date for purposes of determining the amount of such severance or other separation benefits.
There is no material breach or default under any Real Property Lease, and to Sellers’ Knowledge, no event has occurred that, with the passage of time or the giving of notice or both, would constitute a material breach or default by AAR Manufacturing, any Acquired Company or the Satair JV or any other party thereto under any Real Property Lease.
If, following the Closing, AAR Manufacturing or any of its Affiliates receives a payment that constitutes or is in respect of a Telair U.S. Asset, AAR Manufacturing shall promptly pay such amount to Buyer.
There is no material breach or default under any Significant Contract or Additional Contract, and, to Sellers’ Knowledge, no event has occurred that, with the passage of time or the giving of notice or both, would constitute a material breach or default by, AAR Manufacturing, any Acquired Company, the Satair JV or any other party thereto under any Significant Contract or Additional Contract.
None of AAR Manufacturing, any Acquired Company or the Satair JV is a party to, or bound by, or negotiating, any material labor agreement or collective bargaining agreement respecting the Transferred Employees (with respect to AAR Manufacturing, solely with respect to the Business), nor is there pending, or to Sellers’ Knowledge, threatened, any material strike, walkout or other work stoppage or any union organizing effort by or with respect to the Transferred Employees.