JV Entities definition
Examples of JV Entities in a sentence
The execution, delivery and performance of each of the Ancillary Agreements to which the JV Entities will be a party has been duly and validly authorized by all necessary corporate or other action on the part of such Person.
Other than with respect to KCULC (as defined in Schedule 3), as of the Effective Date, and after giving effect to the Transactions, the JV Entities will have no employees.
Except in any such case as would not, individually or in the aggregate, reasonably be expected to be material to the JV Business, the JV Entities have good and valid title to the Owned Real Property, free and clear of all Liens except for Permitted Liens.
Except for this Agreement and the Ancillary Agreements or as set forth on Section 5.7 of the Disclosure Letter, at or prior to the Closing, the Keurig Parties and their Affiliates shall take actions to settle (irrespective of the terms of payment), terminate or cancel all obligations, accounts and Contracts between the Keurig Partners and their Affiliates, on the one hand, and the JV Entities, on the other.
All income and other material Taxes required to be paid by or with respect to the JV Entities and the JV Assets (whether or not shown on any such Tax Return) have been paid to the proper Tax Authority or properly reserved for in accordance with applicable accounting principles.