Artech definition
Examples of Artech in a sentence
In the event that the Buyer receives any Artech Assets or the proceeds thereof, including any Artech Escrowed Funds, the Buyer shall hold the same in trust for the benefit of the Estate and shall promptly deliver such assets and proceeds to the Estate, net of the amount of any expenses related to the recovery of such assets and proceeds not paid by the Estate pursuant to the immediately preceding sentence.
Artech agrees not to oppose Class Counsel’s request for a service award not to exceed $2,500.00 per Class Representative.
Artech shall not be entitled to access information regarding which Settlement Class Members submitted a Claim Form or otherwise participated in the Settlement.
In the event that technological or industry developments, or intervening changes in law or business practices, render specific Business Practice Commitments obsolete or make compliance by Artech with them unreasonable or technically impractical, Artech may modify its business practices as necessary to ensure appropriate security practices are being followed.
The Buyer agrees to pay the Selling Parties for all Artech Inventory that has been utilized in the manufacture of books, whether before or after the Closing, at the Selling Parties' actual cost, 180 days after the Closing Date.
From and after the Closing Date, the Buyer will provide reasonable assistance to the agents and other representatives of the bankruptcy estate of the Selling Parties (the "Estate") in connection with negotiating the release of the Artech Escrowed Funds and other related matters.
Within twenty-one (21) days after the date of the Preliminary Approval Order, Artech shall provide the Settlement Class List to the Settlement Administrator.
After Closing, the Buyer may, in its sole discretion, utilize the Artech Inventory, provided that the Buyer agrees that it will utilize the Artech Inventory (which is not damaged and is suitable for use by the Buyer in the manufacturing of books) prior to purchasing substantially identical inventory from any third party.
If at any time Class Counsel has information indicating Artech is not complying with its Business Practice Commitments, the Parties are required to meet and confer to discuss the issue prior to seeking Court intervention.
Along with a large volume of other data, the systems affected by the Cyber Security Event contained a number of files with Personal Information associated with approximately 30,000 current and former Artech employees.