Lovoo definition
Examples of Lovoo in a sentence
The Seller shall take the action necessary to ensure that the Lovoo Companies and the Lovoo Business Operations duly pass to the Purchaser upon the Closing of this Agreement, and that namely all information be made available which the Purchaser and the organizational bodies of the Lovoo Companies require to seamlessly continue the Lovoo Business Operations.
To the extent legally possible, the Seller must direct the Lovoo Companies to notify the Purchaser themselves in accordance with sentence 1 of this Clause 17.1.3.
To the Seller’s Knowledge, any contract, under which a third party granted a Lovoo License, is valid and enforceable.
Such books and records are in the unrestricted possession of the Lovoo Companies.
To the Seller’s Knowledge, there are no facts or circumstances that serve as a basis for terminating a Lovoo License prior to the end of the foregoing period either for good cause or for some other reason, and as at the Signing Date, no such facts or circumstances are foreseeable.
The Lovoo Companies are not subject to any judgment, order or decree that imposes any restriction on the conduct the Lovoo Business Operations.
The Lovoo Companies have duly used, and are currently duly using, the Lovoo Licenses.
The Seller shall ensure that the Lovoo Companies and their business operations remain insured until the Closing Date in substantially the same manner as they are insured on the Signing Date and that all premiums due under such insurance policies are duly and timely paid.
The Seller shall indemnify and hold harmless the Purchaser and/or, at the Purchaser’s discretion, any of the Lovoo Companies from and against any Taxes unpaid which have been or will be imposed on any of the Lovoo Companies attributable to, based on an “as-if assessment”, the period up to and including or resulting from action taken on or prior to the Closing Date.
All Taxes due and payable by any Lovoo Company on such returns or any other legal grounds prior to or on the Closing Date, have been or will be timely and fully paid.