JMRS definition

JMRS is defined in the preamble to this Agreement.
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JMRS has the meaning set forth in the Recitals.
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Examples of JMRS in a sentence

  • No Person has any right of first refusal, option or other right to purchase or acquire all or any portion of the JMRS Stock.

  • There are no Liens for Taxes (other than for current Taxes not yet due and payable) upon EPCO, ETC or JMRS, or the assets or operations of ETC or JMRS.

  • The buildings, machinery, equipment and other tangible assets that ETC and JMRS own and lease are free from material defects, have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

  • Each of ETC and JMRS has good and valid title to, or a valid leasehold interest in, the assets used or necessary to conduct its respective business as presently conducted, free and clear of any Encumbrances, except for Permitted Encumbrances, including without limitation the trucks and trailers and other equipment and inventory that is set forth on Schedule 3.11.

  • The Real Property is in compliance with all applicable building, zoning, subdivision, health and safety and other land use Laws, including the Americans with Disabilities Act of 1990, as amended, (collectively, the “Real Property Laws”), and the current use or occupancy of the Real Property or operation of the business of ETC or JMRS, as applicable, thereon does not violate any Real Property Laws.

  • None of EPCO, ETC or JMRS is a party to any action or proceeding by any Governmental Entity for the collection or assessment of Taxes.

  • Except for the JMRS Stock, no other Capital Stock of JMRS is authorized, issued, outstanding or reserved for issuance, and JMRS has not issued or is not obligated to issue any warrant, option, call, put or security which is convertible into, exercisable or exchangeable for any of its Capital Stock.

  • To the knowledge of EPCO, there are no threatened audits of, or assessments against EPCO, ETC or JMRS with respect to Taxes that may be asserted against ETC or JMRS.

  • ETC shall remain the sole direct legal and beneficial owner of all of the JMRS Stock after giving effect to the transfer by EPCO to EPD of the Assigned Interest on the Closing Date.

  • All of the cash and cash equivalents reflected on the ETC Business Balance Sheet represents cash held by JMRS, and since August 31, 2010, JMRS has not made any distributions of cash or other assets to its stockholders.