MPM Companies definition
Examples of MPM Companies in a sentence
There are no voting trust, proxy, shareholder or other agreements or understandings to which any of the MPM Companies is a party or is bound with respect to the voting or transfer of the capital stock or other securities of such MPM Company.
The execution and delivery by each of the MPM Companies of the Transaction Documents to which it is a party, and consummation by it of the transactions contemplated thereby, will not result in a breach by any of the MPM Companies of any Permit, each of which shall remain in effect, without breach or default thereunder, from and after the Closing Date.
Each of the MPM Companies is a corporation, limited liability company, partnership or joint venture, as applicable, duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization.
Each of the MPM Companies holds, and at all times has held, all Permits necessary for the lawful conduct of its business pursuant to all applicable Laws.
To the Knowledge of the Company, no Person is currently infringing or has previously infringed upon any Intellectual Property of the MPM Companies.
None of the MPM Companies is obligated under any duty or agreement (including any license, confidentiality agreement, covenant or commitment of any nature), or subject to any judgment, decree or order of any court or administrative agency, that would interfere in any manner with the use of its best efforts to promote the interests of the applicable MPM Company or that would conflict with the applicable MPM Company’s business and operations as now conducted.
None of the employees of any of the MPM Companies is covered by any collective bargaining agreement, and no collective bargaining agreement is currently being negotiated by any of the MPM Companies.
The Interim Financial Statements reflect all personal property of the MPM Companies (other than assets disposed of in the ordinary course of business since the date of the Interim Financial Statements).
None of the MPM Companies is under any obligation (contingent or otherwise), and has no right, to acquire, directly or indirectly, any equity or similar interest in, or any interest convertible into or exchangeable or exercisable for, any equity or similar interest in, any corporation, limited liability company, partnership, trust or other Person.
Schedule 3.20 sets forth a complete and accurate list of (i) all officers and directors of the MPM Companies, and (ii) all employees of the MPM Companies, including each such officer’s, director’s or employee’s (x) job title, (y) remuneration as of the Effective Date (including, but not limited to, wages, salary, commissions, bonus, profit sharing, deferred compensation or other compensation) and (z) hire date.