PPPI definition
Examples of PPPI in a sentence
No Shareholder or any Affiliate of either Shareholder, and no officer or director of any Seller Company, is party to or bound by any Contract between such Person, on the one hand, and PPPI, on the other hand.
There are no pending or, to the Knowledge of PPPI, threatened condemnation, eminent domain, health, safety, building, zoning or other land use Proceedings with respect to the Leased Real Estate.
Neither PPPI nor, to the Knowledge of PPPI, any other party to a Real Property Lease is in material default under any Real Property Lease, and no written notice of default under any Real Property Lease has been sent or received by PPPI.
Neither the Seller nor PPPI is in material violation of any of the provisions of its certificate of incorporation or by-laws.
The Share Consideration (i) reflects the portion of the consideration payable by the Company for the PPPI Sale Business to be paid in kind in Shares in accordance with the Transaction Agreement and (ii) will be paid in kind by the transfer by the Investor of all or part of the PPPI Sale Business in accordance with the Transaction Agreement.
PSI shall cooperate and shall not interfere with PPPI’s timely and proper depositing of any withholding or payroll Taxes described above with the appropriate Governmental Entity in accordance with the regular payroll practices of PPPI.
No Seller Company has received written notice, nor does PPPI have Knowledge, that any Top Supplier intends to cancel, or otherwise materially and adversely modify its relationship with any Seller Company (whether related to payment, price or otherwise) on account of the transactions contemplated by this Agreement or otherwise.
All Taxes that the Seller or PPPI are required by applicable Legal Requirements to withhold or collect in connection with amounts paid or owing to any employee, independent contractor, creditor, member or other third party have been duly withheld or collected, and have been paid over to the proper authorities to the extent due and payable and have complied with all information reporting requirements with respect thereto, including the filing of all Forms W-2 and Forms 1099.
Furthermore, in the event that any dispute arises between PSI, PPPI or any of its Subsidiaries and a third party (other than a party to this Agreement or any of such party’s Affiliates) after the Closing, then PSI, PPPI and its Subsidiaries may assert the attorney-client privilege to prevent the disclosure of confidential communications by Counsel to such third party.
Schedule 3.26 sets forth a true, correct and complete list and summary description of all pending or, to the Knowledge of PPPI, threatened claims arising from or alleged to arise from any injury to person or property as a result of the ownership, possession or use of any product manufactured, distributed or sold by PPPI since January 1, 2011.