FCPT definition
Examples of FCPT in a sentence
In the event FCPT timely delivers notice of a dispute and/or adjustment, the Parties shall use their reasonable best efforts to resolve such matter within thirty (30) calendar days and FCPT shall not be required to pay any contested amount until the dispute is resolved.
No material deficiencies for any Taxes have been proposed, asserted or assessed against ▇▇▇▇▇▇ or its Subsidiaries with respect to the Assigned Assets or the FCPT Business, and no material requests for waivers of the time to assess any such Taxes are pending.
In completing the Service Termination Request Form, FCPT shall refer to the Service it wishes to terminate (the "Terminated Service") as it is specifically named in the Services Attachment, and the requested date of termination.
At any time after the Distribution Date that FCPT or any member of the FCPT Group proposes to destroy such material or information, FCPT shall first notify ▇▇▇▇▇▇ in writing and ▇▇▇▇▇▇ shall be entitled to receive such materials or information proposed to be destroyed.
Each of ▇▇▇▇▇▇ and FCPT shall bear fifty percent (50%) of the aggregate expenses of the Tax Advisor chosen to resolve the Dispute.
For the avoidance of doubt, any FCPT Employee or Former Employee receiving long-term disability benefits under a ▇▇▇▇▇▇ Welfare Plan as of the Distribution Date shall, on and after the Distribution Date, continue to receive such benefits under a ▇▇▇▇▇▇ Welfare Plan (subject to the terms and conditions of such plans).
Likewise, except as otherwise provided in any other Transaction Agreement or as necessary to comply with applicable law, within thirty (30) days following any such termination or expiration, each Party shall return to the other Party (and make no further use of) all copies of all proprietary information of the other Party in each Party's possession or control, including, in the case of FCPT, any ▇▇▇▇▇▇ Confidential Information and, in the case of ▇▇▇▇▇▇, any FCPT Confidential Information.
Except as set forth in Section 5.5 of the Disclosure Letter or that relate to Excluded Liabilities, there is no material Action, litigation, claim or other proceeding, either judicial or administrative (including, without limitation, any governmental action or proceeding), pending or, to ▇▇▇▇▇▇'▇ knowledge, threatened in the last twelve months, against ▇▇▇▇▇▇ or its Subsidiaries with respect to any Assigned Asset or the FCPT Business.
FCPT has all corporate power and authority to enter into this Agreement and the other Transaction Agreements and to carry out the Transactions, and to own, lease or operate its property and to carry on its business as presently conducted and, to the extent required under applicable Law, is qualified to do business and in good standing in each jurisdiction in which the nature of its business or the character of its property make such qualification necessary.
Refunds for any Straddle Period shall be equitably apportioned between ▇▇▇▇▇▇ and FCPT in accordance with the provisions of this Agreement governing the Taxes with respect to such periods.