P1 Business definition

P1 Business has the meaning set forth in Recital A in this Agreement;
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Examples of P1 Business in a sentence

  • All of P1’s brochures, ads and other materials describing the P1 Business, including current price schedules, are true and accurate.

  • Section 4.11 of the P1 Disclosure Schedule sets forth all licenses, permits, authorizations and certifications of governmental, non-governmental and other standard-setting or regulatory authorities held by P1 which are required for the operation of the P1 Business, or any division thereof (collectively, the “Permits”).

  • P1’s forms, procedures and practices relating to the P1 Business are in material compliance with all applicable Laws, which forms, procedures and practices include P1’s written and verbal contracts.

  • The Property constitutes all of the assets necessary to conduct the P1 Business on the Effective Date, except for the assets provided by TBR pursuant to the Shared and Support Services Agreement, and is in good condition, ordinary wear and tear excepted.

  • P1 has at all times during the last three years of operation of the P1 Business had insurance policies in full force and effect with reputable insurers, providing for coverages which are reasonable for the P1 Business as to both amount and scope.

  • P1 does not have any plans to initiate any action, suit or proceeding before any court, arbitrator or governmental authority in relation to the P1 Business.

  • Except as disclosed in Section 4.12 of the P1 Disclosure Schedule, there is no action, suit, proceeding or investigation before any court, arbitrator or governmental authority, pending or, to the knowledge of P1, threatened against P1, in relation to the affairs of the P1 Business and there is no basis known to P1 for any such action, suit, proceeding or investigation.

  • Section 4.16 of the P1 Disclosure Schedule lists by Local Exchange Carrier, the amount of P1’s accounts receivable arising out of the P1 Business as of March 31, 2008, net of specified discounts, allowances and rebates.

  • There are no other governmental or nongovernmental licenses, permits, authorizations or certifications which are required to operate the P1 Business, or any division thereof, which any such party has not obtained and which are necessary for the conduct of the P1 Business.