Internet Entity definition
Examples of Internet Entity in a sentence
The Internet Entity shall be owned solely by Internet Holdings, which shall be controlled by USEP.
The Content Entity shall own all the content-related property relating to information technology, business training and journals in existence as of the date hereof for the Company, all its Subsidiaries and the Internet Entity.
These credit facilities are secured by liens on substantially all the assets (including the stock of Subsidiaries) of the Company and its Subsidiaries, on the equity interests in the Company, on the assets of and equity interests in the Content Entity, prior to a Qualified Public Offering, the assets of and equity interests in the Internet Entity and Internet Holdings and, after a Qualified Public Offering, subject to Section 6.18(e), certain equity interests in Internet Holdings.
The Training Content Assets shall be owned by the Content Entity, which shall own no assets and conduct no business other than the ownership, development, acquisition and license to the Company and the Internet Entity of the Training Content Assets.
During the Term of this Agreement, without prior written approval of HealthCentral, ▇▇▇▇▇▇ shall not provide any ▇▇▇▇▇▇ Content, or other content relating to the topics of health and fitness, to any Other Internet Entity or other third party for use on the Internet.
The Company, its Subsidiaries and the Restricted Affiliates (other than the Internet Entity and Internet Holdings) shall not withdraw, and shall cause all other ERISA Group Persons not to withdraw, in whole or in part, from any Multiemployer Plan so as to give rise to withdrawal liability exceeding $500,000 in the aggregate.
During the Term of this Agreement, ▇▇▇▇▇▇ shall not provide services to or for use on the Internet by any Other Internet Entity or other third party, including without limitation, services as a host, author, or contributor, and shall not authorize or permit any Other Internet Entity or other third party to use the Name on the Internet.
So long as no Default exists immediately before or after giving effect thereto, the Agent shall release the Internet Entity and Internet Holdings as a Guarantor and a Restricted Affiliate and release all of the assets of the Internet Entity and Internet Holdings from the Credit Security (except for the pledge of equity and debt interests in the Content Entity) upon the closing of a Qualified Public Offering.
The Internet Entity shall own no assets and conduct no operations other than developing, marketing and providing information technology and business training and information using the Training Content Assets through electronic media.
Each of the Company, its Subsidiaries and the Restricted Affiliates (other than the Internet Entity and Internet Holdings) shall meet, and shall cause all ERISA Group Persons to meet, all minimum funding requirements applicable to them with respect to any Plan pursuant to section 302 of ERISA or section 412 of the Code.