Material to the Business definition
Examples of Material to the Business in a sentence
To the knowledge of the Sellers, there is no fact which the Sellers have not disclosed to Buyer in writing which has an adverse effect, or so far as any of the Sellers can now foresee will have an adverse effect, on the ability of any of the Sellers to perform this Agreement or which is Material to the Business.
Schedule 3.11 includes a list of all Permits and applications therefor that are Material to the Business.
Schedule 7.8 contains a complete list (and, in the case of oral agreements, contracts or leases, a summary of the material terms) of all contracts, equipment leases, work orders, client engagement letters, retainer letters, fee agreements and other agreements or arrangements that are Material to the Business or to which the Purchased Assets may be subject (the “Contracts”).
There are no leases, including capital leases, that are Material to the Business under which HBI or any of its Subsidiaries is leasing property, plant and equipment or other tangible assets (other than real properties).
There shall not have occurred after the date hereof, from and to the Closing, any events, facts or circumstances which individually or together with all such other events, facts or circumstances have had or which could have an adverse effect Material to the Business.
There is no unsatisfied judgment, penalty or award, in each case Material to the Business, against or affecting the Seller or any of its assets, properties or rights.
Except as set forth in Section 2.21 of the Seller Disclosure Schedule, Seller has complied in all material respects with all federal, state, local, foreign or other applicable laws, rules and regulations respecting employment and employment practices, terms and conditions of employment and wages and hours and has not and is not engaged in any unfair labor practice or discrimination which would have or are reasonably likely to have an adverse effect Material to the Business of Seller.
To Stonepath's Knowledge, the Company has received no notice of any adversely held patent, invention, trademark, copyright, service ▇▇▇▇ or trade name, or trade secret of any Person, or any claims of any other Person relating to any of the Intellectual Property owned by the Company and Material to the Business.
There is no matter known to Seller or Stockholders not disclosed to Purchaser which may have, or is having, an adverse effect Material to the Business of Seller.
SCHEDULE 4.01 lists all the jurisdictions in which Seller and each of the Seller Subsidiaries is authorized or qualified to own or lease and to operate the properties of the Business or to carry on the Business, and neither the Seller nor any Seller Subsidiary owns, leases or operates properties related to or used in the operation of the Business or carries on business which is Material to the Business in any jurisdiction not listed thereon.