EPIC definition
Examples of EPIC in a sentence
EPIC GP’s sole asset is its non-economic general partner interest in EPIC.
Except as set forth on Schedule 5.3(b), EPIC holds of record, and owns beneficially, the Subsidiary Interests, free and clear of any Liens (other than (i) restrictions on transfer that may be imposed by state or federal securities Laws or that are set forth in the Organizational Documents of the Company Subsidiaries and (ii) Liens created by or directly resulting from the acts of Buyer or any of its Affiliates).
Buyer has sufficient credit support from Buyer Parent as may be necessary for Buyer to qualify as a “Qualified Transferee” as such term is defined in the EPIC LP Agreement.
Neither such Seller nor any of its Affiliates is in material breach or default of the EPIC LP Agreement or the EPIC GP LLC Agreement.
To such Seller’s Knowledge, EPIC owns or possesses adequate licenses or other valid rights to use (including under the O&M Agreement), for the Business, all material Intellectual Property currently used in connection with the Business, and as of the date hereof EPIC has not received any written assertions or claims that challenge the validity of any of the foregoing that remain outstanding.