Operating Assets definition
Examples of Operating Assets in a sentence
From the Signing Date to the Closing Date, the Sellers will provide the Buyer and its Representatives reasonable access to, and permit such Persons to review, the Operating Assets, the Real Estate Properties, and shall provide such other information to the Buyer and its Representatives as shall have been reasonably requested by them, in each case during normal business hours, upon reasonable prior notice, subject to Applicable Law, and in a manner that does not unreasonably interfere with the Business.
There are no Orders which bind or affect any Seller, the Business, or the Operating Assets.
The risk of loss or damage to the Operating Assets or the Sellers’ Properties by fire, casualty, or otherwise (except condemnation, which is provided for in Section 12.02) prior to the Closing is assumed by the Sellers.
Buyer and Sellers shall cooperate, as and to the extent reasonably requested by the other party, in connection with the filing of any Returns and any audit, litigation or other proceeding with respect to Taxes with respect to the Business, the Dealership Properties or the Operating Assets for any taxable period (or portion thereof) ending on or prior to the Closing Date.
Notwithstanding anything to the contrary, no access to the Operating Assets, the Real Estate Properties, or employees shall be exercised by Buyer without prior written permission from the Sellers’ Representative as to the time, location, participants and scope.