IDF Business definition
Examples of IDF Business in a sentence
On the Closing Date of the Merger, AUGI shall have executed and delivered to IDF a non-competition and non-disclosure agreement in the form of Exhibit E to this Agreement (the "Non-Competition Agreement"), pursuant to which, inter alia, AUGI shall agree not to engage in competition with the TechStar Business and the IDF Business upon the terms and for the period specified in such Non-Competition Agreement.
IDF shall have caused to be obtained and there shall be in full force and effect at the Closing Date, without burden to the ongoing IDF Business, all material consents, waivers or other approvals from any lessor, supplier, government agency, customer, or other party which may be required in order for IDF and H-W to continue the normal course of the operation of the IDF Business from and after the date of closing.
At all times prior to the Closing Date of the Merger, the IDF Business will have been operated by IDF and H-W in the normal course, with no material variations in historic payment or collection practices or expense, with no incurrence of any material obligations outside of the normal course of business, and with no material adverse change from the results of operations reflected in the financial information previously provided.
All accounts receivable shown on the balance sheet as of March 31, 1997 included in the IDF Financial Statements (the "Balance Sheet"), and all accounts receivable thereafter created or acquired by IDF prior to the Closing Date, have arisen or will arise in the ordinary course of the IDF Business.