AFH Business definition
Examples of AFH Business in a sentence
The limited exclusive license to use rights to the name "Execuline" for a 25 year period solely in connection with the AFH Business, subject to the license agreement between Buyer and Seller dated evendate herewith, and any technical information, programming, embossing and patterns used solely in connection with the Equipment to the extent assignable without consent (the "Intangible Assets").
Buyer has obtained all permits and licenses necessary to commence operations of the AFH Business after the Closing Date, and has obtained worker's compensation insurance for all of its employees and has obtained general public liability insurance in amounts which are commensurate to its business operations.
Seller agrees to provide Buyer with labor to operate machinery sufficient to continue normal operation of the AFH Business consistent with past practice following the Closing for a period of up to 120 days.
To the best of Seller's and Tufco's knowledge, neither the AFH Business nor any of the Purchased Assets or the ownership, or operation thereof, are in material violation of any law or any zoning, environmental, or other ordinance, code, rule, or regulation, including, without limitation, the Occupational Safety and Health Administration Act and the regulations promulgated thereunder.
The Seller's machinery, equipment, spare parts, tools, and other personal property, including, but not limited to, case packers, conveyors, and other downstream equipment used solely in the AFH Business, as listed on the schedule to this Section (the "Equipment").
Except as set forth on the schedule to this Section, there is not any litigation, proceeding, investigation, or other legal or administrative proceeding (governmental or otherwise) pending or, to Seller's and Tufco's knowledge, threatened against or relating to the Seller, with respect to the AFH Business or the Purchased Assets.
Seller acknowledges and agrees that all information primarily related to the AFH Business is proprietary and confidential unless in the public domain, and that on and after the Closing Date, Seller agrees to, and shall direct its directors, officers, partners, stockholders, representatives, and agents to keep confidential all of the Confidential Information, unless required to be disclosed by law.
On or about the Closing Date, Buyer and Seller will make an announcement of the transaction contemplated herein to the employees of the AFH Business, and Buyer will offer employment to such employees.
Buyer has not retained, employed, or used any broker or finder in connection with the acquisition of the Purchased Assets or the AFH Business.
Arrangements with registered agents relating to foreign qualifications, taxpayer and other identification numbers, tax returns and other tax records, federal and other records, seals, minute books, stock transfer books, and similar documents of Seller, relating to the AFH Business.