ITI Entities definition
Examples of ITI Entities in a sentence
Nothing herein shall require the ITI Entities to employ any Transferred Employee for any length of time unless otherwise provided in a written employment agreement.
The ITI Entities, on the one hand, and Sellers, on the other hand, shall each bear one half the cost of all stamp, transfer, documentary, sales, use, registration and other such Taxes and fees, including any Taxes and fees related to the transfer of the Purchased Assets to the ITI Entities (including any penalties and interest) incurred in connection with this Agreement and the transactions contemplated hereby.
Nothing contained in this Section 2.5 shall require the ITI Entities to acquire any Equity Securities or assets of any Foreign Entities and such options shall be exercisable in the sole discretion of the ITI Entities.
At the Closing, the Inventory will be at levels sufficient for the ITI Entities to conduct the Business of the North American Companies in the Ordinary Course of Business, consistent with past practice.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇ If to the ITI Entities: Insituform Technologies, Inc.
For the avoidance of doubt, Section 2.3 does not address the Liabilities of ▇▇▇▇ Co. or Specialized Fabrics, as such Liabilities are retained by such entities and only the Equity Securities of such entities are transferred to the ITI Entities.
As soon as administratively practicable following the date an Employee becomes a Transferred Employee, the ITI Entities shall provide medical and dental coverage, life and accident insurance, and disability or similar coverage under the ITI Entities’ current plans (collectively, “ITI Welfare Plans”), subject to the terms of such ITI Welfare Plans.
Subject to applicable Law, the officers, employees or authorized agents or representatives of the ITI Entities shall be permitted to make extracts and copies from the financial, accounting and other books and Records of the North American Entities and Foreign Entities in connection with conducting such due diligence.
If a Contract included in the Purchased Assets is assignable to the ITI Entities without third-party Consent, at the Closing, Sellers shall assign (or cause the assignment of) such Contract to the ITI Entities pursuant to the Assignment Agreement.
Sellers have the right, on or before the Closing, to distribute or otherwise transfer notes payable and long term debt which will not be transferred to the ITI Entities at Closing.