Managed PC definition
Examples of Managed PC in a sentence
Each Managed PC conducts its business in material compliance with law and applicable requirements of Governmental Authorities.
Without prior approval of the Majority Holders, the Company shall not, and shall not permit any of its direct or indirect Subsidiaries or its Managed PCs to, sell, transfer, cause to be sold or transferred, or otherwise dispose of, any interest in a Subsidiary or Managed PC of any Person (including through merger, spin-off or consolidation) that is greater in the aggregate than 10% of the Company’s market capitalization as of the date thereof.
None of the Company, any Subsidiary or any Managed PC has received any notice of any proposed tax assessment that would, if made, have a Material Adverse Effect.
Other than as disclosed in the SEC Reports, no Person has any right to cause the Company, any Subsidiary or any Managed PC to effect the registration under the Securities Act of any securities of the Company, any Subsidiary or any Managed PC.
At any time, iVenture may audit Client’s usage of the Services to determine whether Client’s Environment and use of the Services remains in compliance with the fees and rates set forth in this Agreement, which may be determined and based upon the Environment, including the number Managed Users, Managed Hardware, Supported Software, Managed Windows Server Environment, Managed PC, and Managed Network (each a “Usage Audit”).
No broker, investment banker, financial advisor, intermediary, finder or other Person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission, or the reimbursement of expenses, directly or indirectly, in connection with the transactions contemplated hereby based upon arrangements made by the Company, the Managed PC and/or the Equityholders’ Representative.
None of the Company, any Subsidiary or any Managed PC is in default with respect to any Indebtedness.
Section 4.24 of the Company Disclosure Schedule sets forth the top ten (10) suppliers and/or vendors, based on aggregate total purchases by each of the Company and each Managed PC for each of the two most recent fiscal years and for the current fiscal year (such suppliers and vendors, the “Material Suppliers”).
After giving effect to the Fifth Amendment and the application of the proceeds from this Agreement, none of the Company, any Subsidiary or any Managed PC will be in default with respect to any Indebtedness.
Each Managed PC is duly licensed or qualified and in good standing as a foreign corporation (or other entity, if applicable) in each jurisdiction in which its ownership, operation or lease of property or the nature of the business conducted by it or the character or location of its activities, assets, rights, and properties owned, leased or operated by it is such as to require it to be so licensed or qualified or in good standing, as applicable.