Acquired Entities definition
Examples of Acquired Entities in a sentence
For the avoidance of doubt, the foregoing restriction shall apply solely to the marketing of natural gas under the Marketing Permit by the Acquired Entities and shall not restrict or otherwise apply to the activities of Buyer or any of its other Affiliates (other than the Acquired Entities) in Mexico or any other jurisdiction.
Following the Closing, B▇▇▇▇ agrees to retain all books and records with respect to Tax matters pertinent to the Acquired Entities relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations of the respective taxable periods, and to abide by all record retention agreements entered into with any Taxing Authority.
Each of the Acquired Entities has implemented reasonable backup, anti-virus, security and disaster recovery technology, policies and procedures.
As of the Effective Date, (a) the Acquired Entities have in place policies of insurance in amounts and scope of coverage as set forth in Schedule 3.20 and (b) each such policy (each an “Insurance Policy”) is in full force and effect and all premiums are currently paid in accordance with the terms of such policy.
Until the earlier to occur of (a) such time as Twin Eagle Mexico has obtained such approval and (b) twelve (12) months following the Effective Date, none of the Acquired Entities shall market any natural gas under the Marketing Permit without the prior written consent of Seller Representative.