EFT Business definition
Examples of EFT Business in a sentence
The Company has conducted and will conduct the operations of the EFT Business up to and including the Closing in the Ordinary Course of Business.
Company IT Assets means software, systems, servers, computers, hardware, firmware, middleware, networks, data communications lines, routers, hubs, switches and all other information technology equipment, and all associated documentation, in each case, used or held for use in the operation of the EFT Business.
The Parties agree that it would be impossible to measure in money the damages which will accrue to the Purchaser, the Company or the EFT Business by reason of any Seller’s failure to comply fully with the covenants contained in this Article 8.
Except as set forth on Section 7.1(z) of the Disclosure Schedule, there is no pending litigation against the Company nor, to the Company’s Knowledge, are there any adverse claims, existing or threatened, which may lead to litigation, relating to any aspect of the EFT Business or the Shares, and the Company has no outstanding obligation or Liability under any consent orders, judgment or decree.
There has been no Material Adverse Change in the EFT Business, and none of its properties or assets have been materially damaged by fire or other casualty, strike, or otherwise disposed of other than in the Ordinary Course of Business since December 31, 2013.
The Intellectual Property Rights owned by the Company or licensed thereby from a third party constitutes all of the Intellectual Property Rights used in or necessary for the EFT Business as currently conducted and as currently proposed to be conducted.
The Company is qualified to do business and is in good standing as a foreign corporation in all states in which qualification is required by the nature of its business or the character or location of the assets owned or leased by the Company and in which the failure to so qualify and be in good standing would have a Material Adverse Change on the EFT Business or the Company.
To the Company’s Knowledge, there is no injunction, decree, order, writ or judgment outstanding, nor any claims, litigation, administrative actions or similar proceedings, pending or threatened, relating to the ownership, lease, use or occupancy of the Leased Real Property or any portion thereof, or the operation of the EFT Business as currently conducted thereon.
The Sellers will cause the Company to conduct the EFT Business in the Ordinary Course of Business and will not engage in any practice, or enter into any contract outside the Ordinary Course of Business.