EXP Business definition
Examples of EXP Business in a sentence
The Seller is in good standing and duly qualified to do business in each other jurisdiction in which the ownership, leasing or operation of the Assets or the conduct of the EXP Business by it requires such qualification and where failure to be so qualified would have a material adverse effect on the EXP Business, the Assets or the Purchaser.
Purchaser would be interested in hiring as "new hires" on the Transition Date most if not all of the personnel in Boise and Germany associated with the EXP Business, subject to normal due diligence inquiry regarding such personnel.
To the Seller's knowledge, the operation of the EXP Business does not and will not infringe any patent, trade secret, trademark, intellectual property rights, or any other rights of any nature whatsoever of others.
The Target Business is not using any Trademarks in connection with the EXP Business other than those listed on Exhibit A-2, Section 1 and, the Seller validly owns, beneficially and of record, and holds the entire right, title and interest in and to, all of the Intellectual Property Rights (including, without limitation, the Know-how) used in the EXP Business conducted by it, free and clear of any Lien.
To the Seller's knowledge, the Intellectual Property Rights and the Contracts are, from an Intellectual Property Rights point of view, in the aggregate, sufficient in all material respects to continue operating the EXP Business as it is presently conducted and as it is contemplated to be conducted by the Seller through the quarter ended June 30, 2001 without infringement of any patent, trade secret, trademark or other intellectual property rights of others.
The Unaudited Financial Statements, true, correct and complete copies of which are attached as Exhibit C hereto, (a) were prepared in accordance with the books of account and records of the EXP Business on the accrual basis of accounting and (b) present fairly in all material respects the financial results of the operations of the EXP Business for the periods indicated therein.
To the knowledge of Seller, there is no matter regarding Taxes that may have an adverse effect on the EXP Business or the Assets.
Purchaser, in its sole discretion, shall be satisfied that a sufficient number of appropriate personnel in the Boise and German operations of the EXP Business including, but not limited to, the German sales staff, shall have elected to become new hires of the EXP Business in the Purchaser's hands.
Employees, Effect on Assets or EXP Business.................................
Employee Benefits, Effect on Assets or EXP Business.........................