Active Sellers definition

Active Sellers means ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇. An “Affiliate” means, with respect to any natural person, corporation, partnership, limited liability company, trust and any other entity or organization of any kind (“Person”), any other Person that, directly or indirectly, through one or more intermediaries, controls, has the right to control (in fact or by agreement), is controlled by, or is under control with, such Person.
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Active Sellers has the meaning set forth in the preface above.
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Examples of Active Sellers in a sentence

  • Each of the Active Sellers hereby agrees that in the event of the breach or violation by either Active Seller of her covenants set forth in this Section 9.1(a), the Buyer shall be entitled (without limiting any other right to remedy available to it) to terminate the payment of all Covenant Payments.

  • Each certificate representing Buyer Non-Voting Exchangeable Shares issued to the Active Sellers pursuant to this Agreement, will be imprinted with a legend substantially in the following form: This Security may not be transferred or otherwise disposed of except in accordance with the terms and provisions of the Share Exchange Agreement between the holder, the Buyer and Sonic Foundry dated the ! day of !, 2000.

  • The Buyer and Sonic Foundry further acknowledge that the holding of the SOFO Common Shares and the Buyer Non-Voting Exchangeable Shares by the Sellers will constitute a "participating interest" in Sonic Foundry and that if Sonic Foundry is determined to be a "foreign investment entity" at September 30, 2001 it will have negative tax consequences for the Active Sellers.

  • The Active Sellers, jointly and severally, and the Passive Sellers severally only, represent and warrant to Buyer that the statements in this ARTICLE III are true and correct as of the Closing Date.

  • The Active Sellers own all of the outstanding share capital and unexercised options to acquire shares of Magnetiscope Inc., a corporation incorporated under the laws of Ontario ("Magnetiscope") and Magnetiscope together with the Non-Active Sellers own all of the outstanding share capital of International Image Services Inc., a corporation incorporated under the laws of the Province of Ontario (the "Target").

  • Active Seller's Proportionate Liability Over $500,000 and Proportionate Liability of Non-Active Sellers in all circumstances (the "Proportionate Share") ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and 1096159 Ontario Limited (jointly and severally) 35.0625% ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and 1402083 Ontario Limited (jointly and severally) 35.0625% RoyNat Inc.

  • The obligations of the Non- Active Sellers under this indemnity shall be subject to their Knowledge with the result that if the Sellers are required to indemnify the Buyer under this provision in respect of a Tax Liability of which the Non-Active Sellers did not have Knowledge, the Active Sellers will indemnity the Buyer proportionately in the proportions set forth in the last paragraph of (S)8(c)(i).

  • The Active Sellers have delivered to the Buyer correct and complete copies of the articles of incorporation, charter or bylaws of each of the Target, IISC and Magnetiscope (as amended to date).

  • No action, suit, proceeding, hearing, or investigation with respect to the administration or the investment of the assets of any such Employee Benefit Plan (other than routine claims for benefits) is pending or, to the Knowledge of any of the Active Sellers, threatened.

  • The liability of the Active Sellers who are liable for any breach under this provision shall be joint and several up to $500,000 and thereafter shall be several and limited to the proportions set out below, except where there is clear independent evidence that one or more of the Active Sellers had actual knowledge of the breach in which case such Active Seller shall be liable (to the maximum provided for in (S)8(b) above) for the entirety of the Adverse Consequences of such breach.