SBS Business definition

SBS Business means the business, as conducted by SBS and Buyer on the date hereof, of (a) municipal underwriting and financial advisory services to state and local governments for the funding of education, housing, health services, transportation, utilities, capital facilities, redevelopment and general infrastructure projects, and (b) acting as co-manager, underwriting syndicate member, or selling group member in respect of securities offerings for corporations and Federal agencies, and related investment banking and institutional equity execution services and brokerage service to both institutional investors and equity and fixed-income issuers.
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SBS Business. See Recital A.
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Examples of SBS Business in a sentence

  • Except as set forth in Section 7.05 of the Disclosure Schedule and clauses (d), (e), (k) and (l) of the definition of Retained Assets, as of the Effective Time, the Purchased Assets comprise the assets and services necessary for the operation of the SBS Business as the SBS Business is currently operated or used.

  • Seller further acknowledges that if it or its Affiliates were to compete with Buyer in such business following the Closing, great harm could come to Buyer and the SBS Business, thereby impairing the value associated with the purchase of Seller Interests and the goodwill of the SBS Business.

  • For avoidance of doubt, nothing in this Agreement shall be construed as placing any restriction on the business or operations of any direct or indirect shareholder of Parent or on the use by Seller, Parent or any direct or indirect shareholder of Seller of the “S▇▇▇▇▇▇” name or any derivation thereof in connection with any business other than a business that competes with the SBS Business.