Material Target Company definition

Material Target Company means either (i) a Target Company which is not a direct or indirect wholly-owned Subsidiary of the Company, (ii) a Target Company which generated more than $100,000 of taxable income or loss for the year ended September 30, 2011 or (iii) any other Target Company that is material to the business of the Target Companies taken as a whole.
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Examples of Material Target Company in a sentence

  • No Material Target Company has received any written notice from any competent authority alleging that such Material Target Company (i) is required to repay (whether in full or in part) any such Public Subsidy or (ii) has breached material obligations under the terms and conditions of any such Public Subsidy.

  • Pursuant to the Agreed Standard, each Material Target Company complies with the terms and conditions of any Public Subsidy in all material respects.

  • Such Target Company has not received any written notice of any material default under the terms of any Material Target Company Contract.

  • To such Target Company’s Knowledge, no other party to any Material Target Company Contract is in default or breach in any material respect under the terms of any such Material Target Company Contract.

  • Pursuant to the Agreed Standard, no Material Target Company has assumed or provided indemnity against any material liability of any other person or entity under or relating to any environmental laws, nor have they been notified of or threatened with any actual or potential claim, demand, action or proceeding for contractual indemnification, remedial action or successor liability by any person or entity with respect to any liability under or relating to any environmental laws.

  • Pursuant to the Agreed Standard, no third-party pension provider with respect to a Material Target Company has demanded in writing extraordinary contributions, levies or insurance premiums.

  • Pursuant to the Agreed Standard, (i) all premiums have duly been paid when due, to the extent required to maintain the insurance coverage under such policies, and (ii) there are no material claims by any Material Target Company pending under any of such policies as to which coverage has been questioned, denied or disputed by the insurer.

  • Pursuant to the Agreed Standard, all benefits due and payable by each Material Target Company in respect of each Pension Plan have been paid in all material respects and all contributions, levies and insurance premiums due and payable by each Material Target Company in respect of each Pension Plan have been paid in all material respects (including to any pension protection fund or Pensions-Sicherungs-Verein Versicherungsverein auf Gegenseitigkeit (PSVaG), as applicable.

  • Pursuant to the Agreed Standard, no material registrations or applications for registration in any commercial register or similar public register are pending with respect to any Material Target Company.

  • The Parties have agreed that BIOFerm GmbH was sold and transferred to Viessmann Group GmbH & Co. KG and shall, therefore, as of 21 December 2023 no longer qualify as a Target Company or Material Target Company within the meaning of the SPA.