CP Division definition
Examples of CP Division in a sentence
If at any time from the Closing Date through the fifth anniversary of the Closing Date, Amherst Southwest shall require access to or use of any of the originals of Customer and Sales Records, Supplier and Purchasing Records and other original books and records of Allstar relating to the CP Division or the El Paso IT Business, Allstar shall provide such access and use to Amherst Southwest upon reasonable advance notice.
Effective as of the Closing, Allstar hereby grants to Amherst Southwest a limited, royalty-free, worldwide license and right to use the MIS Software solely for the management of its information systems in connection with the operations of the CP Division and the El Paso IT Business for a period of twelve (12) months following the Closing Date.
Allstar will permit representatives of Amherst Southwest to have full access at all reasonable times, upon reasonable prior notice to Allstar, and in a manner so as not to interfere with the normal business operations of Allstar, to all premises, properties, books, records (including tax records), contracts, and documents of or pertaining to the CP Division, the El Paso IT Business, the Acquired Assets and Assumed Liabilities.
Allstar will keep its CP Division and El Paso IT Business substantially intact, including its present operations, physical facilities and working conditions, and will use reasonable commercial efforts to keep its relationships with lessors, licensors, suppliers, customers, and employees substantially intact.
With respect to the operation of the CP Division and the El Paso IT Business, Allstar will not engage in any practice, take any action, or enter into any transaction outside the Ordinary Course of Business of the CP Division or the El Paso IT Business.
Pursuant to that certain Asset Purchase Agreement (the "Purchase Agreement") dated as of March 16, 2000, among Amherst Southwest, Allstar and Amherst Technologies, L.L.C., as amended by Amendment No. 1 to Asset Purchase Agreement, Amherst Southwest is acquiring certain assets of Allstar's CP Division and El Paso IT Business.
Effective as of the Closing Date, Allstar hereby grants to Amherst Southwest the limited, royalty-free right and license to use the trade name "Allstar Computer," but only in connection with Amherst Southwest's continuation of the business of the CP Division and El Paso IT Business, for a period of six (6) months after the Closing Date.
All training sessions will be scheduled so as to cause minimal disruption to the business of the CP Division and the El Paso IT Business.
The Server shall be loaded with the MIS Software and all other compiled software used by the CP Division; provided, however, that the source code for the MIS Software and such other software shall not be provided to Amherst Southwest.
None of Allstar's officers, directors or stockholders owning more than 5% of the outstanding Allstar Shares or their Affiliates has been involved in any business arrangement or relationship with Allstar relating to its CP Division or El Paso IT Business within the past 12 months.