Examples of MMI Business in a sentence
Any cash generated after October 31, 1997 shall remain with the particular business (i.e., the CST Business, the MMI Business or the Stream International Business) that generated such cash; provided, however, that the proceeds received by Stream International pursuant to that certain Asset Purchase Agreement dated as of the date hereof between Stream International and X.X. Xxxxxxxxx Norwest, Inc.
At all times, Millipore and MMI will conduct the MMI Business before the Separation Date in the ordinary course, consistent with past practices.
During this period MMI's cash needs shall be supplied by Millipore and excess cash balances generated by the operation of the MMI Business shall be available to Millipore.
MMI agrees that it will purchase, to the extent available --------- at a reasonable cost, insurance policies to be in effect as of the Distribution Date which provide substantially the same types of coverage as the policies maintained by Stream International or X.X. Xxxxxxxxx under the Insurance Program with respect to the MMI Business, including without limitation any insurance required by any lease of real or personal property.
If there is less than a quorum at any meeting of the Board of Managers, a majority of the Board of Managers present may adjourn the meeting from time to time, provided that notice of adjournment and the time and place of the rescheduled meeting shall be given to all the Managers not in attendance.
MMI Balance Sheet" means the audited consolidated balance sheet (including the notes thereto) of the MMI Business as of December 31, 2000, that is included in the IPO Registration Statement.
Unless otherwise provided in this Agreement, or the Tax Reimbursement Agreement, each of the MMI Group and the CST Group, as the case may be, shall pay all Taxes and shall be entitled to receive and retain all refunds of Taxes with respect Post-Drop-down Taxable Periods which are attributable to the MMI Business and the CST Business, respectively.
Stream --------------------------------------------------- International or its Subsidiaries maintain the Employee Benefit Plans listed on Schedule 3.1 hereto for the benefit of the U.S. employees of the MMI Business (the "MMI Benefit Plans").
Any termination of licenses and rights of MMI under Section 6.2 shall not affect MMI's licenses and rights with respect to any MMI Business Products made or sold prior to such termination.
MIL agrees that it and its Subsidiaries shall not license or transfer the Licensed Xxxx to Third Parties for use in connection with products or services that compete with MMI Business Products for the term of this Agreement.