Factory Power definition
Examples of Factory Power in a sentence
As of the Closing Date, Factory Power has assets valued at the greater of fair market value or net tangible book value of approximately $1,360,000.
The Parent shall not, directly or indirectly, organize, create, acquire or permit to exist any domestic Subsidiary other than those listed on Schedule 6.5 or unless the value of any such Subsidiary's assets at the greater of fair market value or net tangible book value (a) is less than $1,000,000, and (b) together with the value of the assets of all Subsidiaries that are not Borrowers (other than Factory Power) at the greater of fair market value or net tangible book value is less than $2,000,000.
All schools are required to develop a cover policy for the arrangements for cover during periods of teacher absence.
Such Tax Returns shall be prepared on a basis consistent with the Tax Returns of UK Subsidiary, Korean Subsidiary or Factory Power, as the case may be, in prior years.
Set forth on Schedule 3.2(e) is a list and description of all notes, loan agreements and other instruments pursuant to which Seller in respect of MTG, UK Subsidiary, Korean Subsidiary or Factory Power is obligated for borrowed moneys (other than borrowed moneys which will be repaid at or prior to Closing and trade payables incurred in the ordinary course of business and other than as may be set forth on Exhibit B-2) and the outstanding balance of principal and interest thereunder as of a recent date.
Each of UK Subsidiary, Korean Subsidiary and Factory Power has withheld and paid all material Taxes required to have been withheld and paid in connection with amounts paid or owing to any employee, independent contractor, creditor, stockholder or other third party.
To the extent that the assets of any Subsidiary (other than Factory Power) that is not a Borrower at any time measured at net book value is more than $1,000,000, such Subsidiary shall execute an assumption agreement acceptable to Agent pursuant to which such Subsidiary shall immediately become a Borrower hereunder, subject to all of the obligations and liabilities of every other Borrower hereunder.
Set forth on Schedule 3.8(i) is a list of all outstanding powers of attorney or proxies granted by Seller in respect of MTG, UK Subsidiary, Korean Subsidiary or Factory Power which powers of attorney or proxies concern material rights or claims of MTG.
Neither Seller in respect of MTG, UK Subsidiary, Korean Subsidiary nor Factory Power has committed to establish any agreement or arrangement of the type required to be disclosed on Schedule 3.15(f), except as otherwise indicated on such Schedule.
Set forth on Schedule 3.8(m) is a list of any lease, license, contract or agreement between Seller in respect of MTG, UK Subsidiary, Korean Subsidiary or Factory Power on the one hand, and any Affiliate of any such party, or any officer, director, of any such party, on the other hand.