AIL Group definition
Examples of AIL Group in a sentence
There are no outstanding orders, judgments, decrees or injunctions issued by any Governmental Authority against any member of the AIL Group, or that in any way affect the AIL Group's Businesses and would reasonably be expected to have or result in an AIL Material Adverse Effect.
All Contracts are legal, valid, binding, in full force and effect and enforceable against each member of the AIL Group that is a party thereto, except to the extent that any failure to be enforceable, individually and in the aggregate, would not reasonably be expected to have or result in an AIL Material Adverse Effect.
No current use by any member of the AIL Group of its Real Property is dependent on a nonconforming use or other Governmental Approval, the absence of which would materially limit the use of any of the properties or assets in its Business.
Except as set forth on Schedule 2.30, no member of the AIL Group owns any shares of EDO Common Stock or other securities convertible into EDO Common Stock.
Each such financial statement shall present fairly the financial position, assets and liabilities of the AIL Group as at the date thereof and in comparison to the previous month and the results of its operations and its cash flows for the period then ended and in comparison to the previous month, in accordance with accounting policies and procedures consistent with those historically used by AIL in the preparation of such monthly financial statements.
Schedule 2.12(a) contains a complete and correct list, as of the date hereof, of all Contracts that are material to the Business of any member of the AIL Group ("AIL Material Contracts").
The AIL Group has, and at the Closing will have, adequate rights to use the AIL Intellectual Property for the life thereof for any purpose in connection with their Businesses, free from any Liens (except for Permitted Liens incurred in the ordinary course of business).
Notwithstanding anything to the contrary in this Section 2.3 or otherwise in this Agreement, AIL makes no representation or warranty regarding the obligation of any party hereto to novate any of the Governmental Contracts or Governmental Subcontracts to which any member of the AIL Group is a party as a result of the transaction contemplated hereby or regarding the consequences of failing to obtain any such novations.
Each member of the AIL Group owns, or otherwise has full, exclusive, sufficient and legally enforceable rights to use, all of the AIL Assets (other than Intellectual Property which is addressed elsewhere in this Agreement).
Schedule 2.11(a) contains a complete and correct list of Real Property owned by any member of the AIL Group setting forth the address and owner of each parcel of such owned Real Property and describing all improvements thereon.