Base Business definition
Examples of Base Business in a sentence
Neither the Parent, EFC nor any of their Affiliates has received any written notices of infringement or misappropriation from any third party with respect to material Intellectual Property of the Base Business, and, to the Knowledge of the Parent, neither EFC, ACI nor the Base Business is currently infringing on the Intellectual Property of any other Person.
In the event that actual sales for such short shelf life, perishable Base Business Products involved in a Promotion do not meet published forecasts, UFPC will evaluate Distributor’s reasonable expenses associated therewith on a case by case basis and work with the applicable parties involved in an effort to find an equitable allocation of such expenses.
Base Business Products do not include LTO Products or Test Products, but do include food and/or non-food consumable Products of various themes and design (e.g., kids’ meals, crayons, balloons, birthday kits, kids’ table covers, glass mugs and suckers) that are commonly used by Operators on an on-going basis in Retail Outlets.
UFPC shall provide as much notice as reasonably practical to Distributor of any deletion or other modification of Products and, in the case of any newly added Products (such as LTO Products, Test Products, Base Business Products) UFPC will provide all pertinent item and Supplier information which UFPC and Distributor mutually agree is required to completely establish such Product(s) in Distributor’s inventory system.
The Board will determine with respect to each Fiscal Year the After-Tax Income (as hereinafter defined) of the Company and the EU JVCo and, unless (i) the Base Business Plan requires the expenditure of available funds or (ii) the Company or the EU JVCo is legally prohibited from doing so, the Company and the EU JVCo shall make a distribution to the Members of an aggregate amount equal to thirty percent (30%) of the After-Tax Income for such Fiscal Year.