BB Business definition
Examples of BB Business in a sentence
The BB Real Property constitutes all real property interests held and used by Illinois BB to conduct the BB Business of the BB Systems as now conducted.
Except as set forth on Schedule 3.10, there are no legal, quasi-judicial or administrative actions, suits or proceedings of any kind or nature now pending or threatened before any court or administrative body in any manner involving B&B, Business or the Stockholder or any of their assets or shares of capital stock, or which may adversely affect the power or authority of B&B or the Stockholder to carry out the transactions to be performed by B&B and the Stockholder hereunder.
Except as disclosed on Schedule 3.18, Illinois BB’s operation of the BB Systems and the BB Business and all BB Real Property comply in all material respects with applicable Environmental Laws.
Between the Agreement Date and the Closing Date, Illinois BB shall operate the BB Business in the ordinary course consistent with past practices; use its commercially reasonable efforts to keep available the services of the employees who are involved in the operation of the BB Business; and use commercially reasonable efforts to preserve any beneficial business relationships with customers, suppliers and others having business dealings with Illinois BB relating to the BB Business.
Other than the BB Excluded Assets, the BB Assets constitute all of the, rights, assets and properties reasonably required to operate the BB Business in all material respects as it is currently conducted.
Except as set forth on Schedule 3.17, there is no material claim, legal action, counterclaim, suit, arbitration, governmental investigation, litigation, or any other legal, administrative or tax proceeding before any commission, agency or other Governmental Authority, nor any order, decree or judgment, pending, or to the BB Swap Parties’ Knowledge, threatened, against or relating to Illinois BB, the BB Assets, the BB Business or the operations of the BB Systems.
Each of the BB Swap Parties is qualified or licensed to do business and is in good standing under the laws of each jurisdiction where it conducts the BB Business, except where the failure to be to qualified would not have a BB Material Adverse Effect.
Illinois BB’s operation of BB Equipment, the BB Business, and the BB Systems, as presently conducted, does not infringe upon or violate any patent.
All of the BB Equipment is in good operating condition and repair, ordinary wear and tear excepted, has been maintained in a manner consistent with generally accepted standards of good engineering practice, and is available for immediate use in the BB Business or operations of the BB Systems, consistent with the BB Franchises, BB Contracts and all applicable laws, rules and regulations of any Governmental Authority.
Except for the BB Excluded Assets, the BB Equipment constitutes all tangible personal property used by Illinois BB in the conduct of the BB Business and operations of the BB Systems as currently conducted and operated.