Examples of MIM Business in a sentence
Except as disclosed in Schedule “N” hereto, MIM is not, and on Closing will not be, materially indebted to the MIM Owners nor to any family member thereof, nor to any affiliate, director or officer of MIM or the MIM Owners except accounts payable on account of bona fide business transactions of MIM incurred in normal course of MIM Business, including employment and service agreements with the MIM Owners, none of which are more than 30 days in arrears.
The nature of the MIM Business does not require MIM to register or otherwise be qualified to carry on business in any other jurisdiction.Reference is made to Schedule 5.1(b).
There is no material litigation or administrative or governmental proceeding pending or threatened against or relating to MIM, the MIM Business, or any of the MIM Assets, nor does MIM have any knowledge of any deliberate act or omission of MIM that would form any material basis for any such action or proceeding.
MIM is not a party to any collective agreement relating to the MIM Business with any labor union or other association of employees and no part of the MIM Business has been certified as a unit appropriate for collective bargaining or, to the knowledge of MIM, has made any attempt in that regard and MIM has no reason to believe that any current employees will leave MIM's employ as a result of this Merger.
MIM carries on the MIM Business only under the name " Mastermind Involvement Marketing, LLC" and variations thereof and under no other business or trade names.
MIM holds all licenses and permits as may be requisite for carrying on the MIM Business in the manner in which it has heretofore been carried on, which licenses and permits have been maintained and continue to be in good standing except where the failure to obtain or maintain such licenses or permits would not have a material adverse effect on the MIM Business and except as otherwise provided in Schedule 5.1(v).
MIM maintains the public liability insurance and insurance against loss or damage to the MIM Assets and the MIM Business as described in Schedule “P” hereto; reference is made to Schedule 5.1 (gg).
The MIM Assets comprise all of the property and assets of the MIM Business, and neither the MIM Owners nor any other person, firm or corporation owns any assets used by MIM in operating the MIM Business, whether under a lease, rental agreement or other arrangement, other than as disclosed in Schedules “O” or “R” hereto.
MIM has not been charged with or received notice of breach of any laws, ordinances, statutes, regulations, by-laws, orders or decrees to which it is subject or which applies to it the violation of which would have a material adverse effect on the MIM Business, and, to MIM’s knowledge, MIM is not in breach of any laws, ordinances, statutes, regulations, by-laws, orders or decrees the contravention of which would result in a material adverse impact on the MIM Business.