Matrix Business definition
Examples of Matrix Business in a sentence
The Seller has made available for inspection and copying by the Buyer and its counsel complete and correct copies of all documents that are material to the Mushroom Matrix Business.
No union is currently certified, and there is no union representation question and no union or other organizational activity that would be subject to the National Labor Relations Act, as amended, existing or, to the knowledge of Matrix and MAMC, threatened with respect to the operations of the Matrix Business.
All such Licenses are in full force and effect and MAMC has not received any notice of any event, inquiry, investigation or proceeding threatening the validity of such Licenses, except where the failure of such Licenses to be in full force and effect or such event, inquiry, investigation or proceeding would not, individually or in the aggregate, have a Material Adverse Effect on the Matrix Business.
MAMC is duly qualified or licensed to conduct the Matrix Business, and is in good standing in each jurisdiction in which the character or location of the property owned, leased or operated by it or the nature of the Matrix Business conducted by it makes such qualification necessary.
No Intellectual Property used or held for use in the Matrix Business has been cancelled, abandoned or otherwise terminated except for such cancellation, abandonment or termination that would not have a Material Adverse Effect on the Matrix Business, and all renewal and maintenance fees, if any, in respect of Intellectual Property used or held for use in the Matrix Business have been duly paid.
MAMC has no records, systems, controls, data or information recorded, stored, maintained, operated or otherwise wholly or partly dependent upon or held by any means (including any electronic, mechanical or photographic process, whether computerized or not) relating to the Matrix Business or the Matrix Interests which (including all means of access thereto and therefrom) are not under the exclusive ownership and direct control of MAMC.
Since the Balance Sheet Date, except as contemplated or expressly required or permitted by this Agreement or as disclosed in Part 1 of Schedule 3.11, there has not been a Material Adverse Effect on the Matrix Business.
The Returns have accurately reflected all material liability for Taxes of the Matrix Business and the Matrix Interests for the periods covered thereby.
Except for the leases and subleases set forth on Parts 1 and 3 of Schedule 2.2(a), neither MAMC nor the Matrix Business is subject to any lease or sublease relating to real property.
Matrix has timely filed or caused to be timely filed with the appropriate taxing authorities all material returns, statements, forms and reports (including elections, declarations, disclosures, schedules, estimates and information tax returns) for Taxes ("Returns") that are required to be filed by, or with respect to, the Matrix Business and the Matrix Interests on or prior to the Closing Date.