NMC Business definition
Examples of NMC Business in a sentence
Immediately after the Grace Merger, Newco or its subsidiaries will own or possess adequate licenses or other rights to use (on substantially the same basis as currently owned or possessed by Grace and its subsidiaries) all of the NMC Business Intellectual Property.
There are no Contracts, agreements and licenses pursuant to which Grace or any of its subsidiaries which will not be subsidiaries of Newco after the Grace Merger will retain rights or interests of any kind in or affecting the NMC Business Intellectual Property.
Following the Effective Time, NMC and Grace, and not Grace- Conn., shall bear any costs and expenses associated with the termination of employees involved in the NMC Business.
Each Seller has taken reasonable measures to protect the proprietary nature of each item of Intellectual Property, and to maintain in confidence all trade secrets and confidential information, that it owns or uses in connection with the NMC Business or the CMS Business.
Group under any loan, financing, lease, contract, or other obligation in existence as of the Distribution Date pertaining to the NMC Business for which such member of the Grace-Conn.
Neither the Manager, nor any of its employees or agents shall withdraw any funds from any bank account in the name of NMC, except for the purposes of conducting the NMC Business.
It is further agreed that NMC will keep Contracting Owner timely informed of costs and obtain Contracting Owner's approval regarding projects which are reasonably anticipated to cause a material change to the components of the then-current NMC Business Plan for Plant as previously approved by Contracting Owner.
All Accounts Receivable reflected in the financial or accounting records of the NMC Business or the CMS Business that have arisen since the date of the Financial Statements are valid receivables arising from services rendered in the Ordinary Course of Business.
Notwithstanding any powers the Manager may from time to time exercise under this Agreement, NMC shall retain all authority and control over the business, policies, operation and assets of the NMC Business, and the Manager shall perform its duties in accordance with and pursuant to all directives of NMC.
Section 3.15 of the Disclosure Schedule describes any transaction or relationships between either Seller (with respect to its operations other than the NMC Business or the CMS Business) and its Affiliates, on the one hand, and the NMC Business or the CMS Business, on the other hand.