Processing Business definition
Examples of Processing Business in a sentence
After the Closing, the Seller Parties shall promptly transfer to Buyers, from time to time, any property received by the Seller Parties that is used in the operation of the Retail Store Business or the Meat Processing Business and any cash related thereto, including, but not limited to, collections on accounts receivable that are included in the Assets.
For purposes of this Agreement, the term "Midstream Gas Gathering and Processing Business" means any business (i) involving the gathering, compressing, dehydrating, processing, treating, fractionating, marketing and transporting natural gas and/or natural gas liquids or (ii) engaged in by the Company and its Affiliates now or at any time during the term hereof.
The Governmental Authorizations listed on Schedule 2.6(b) collectively constitute all of the Governmental Authorizations necessary to permit SF Stores to lawfully conduct and operate the Retail Store Business and AFD to lawfully conduct and operate the Meat Processing Business in the manner each currently conducts and operates such business and to permit each of the Sellers (with respect to such business) to own and use their assets in the manner in which they currently own and use such assets.
Each of the Sellers is in compliance with all applicable Environmental Laws, and is not in violation of or liable under, any applicable Environmental Law in connection with the operation of the Retail Store Business or the Meat Processing Business.
The Company is in the payments and loyalty rewards related businesses which includes Processing Business, Cards Business and Prepaid Business and wishes to expand its business to include the provision of payments and loyalty rewards related software, consultancy, technical and management services to operators of payments and loyalty rewards, as well as the provision of business processes out-sourcing and call centre (hereinafter collectively referred to as the “Business”) in the Asian countries.
Except as provided in this Agreement or as set forth on Schedule 4.6, Seller Shareholder will cause all indebtedness owed to Sellers (with respect to the Retail Store Business or the Meat Processing Business) by Seller Shareholder or any Related Person to Seller Shareholder to be paid in full prior to Closing.
Except as disclosed on Schedule 2.7, since December 30, 2002, each of SF Stores (with respect to the Retail Store Business) and AFD (with respect to the Meat Processing Business) has conducted its business only in the Ordinary Course of Business, and there has not been any Material Adverse Effect.
None of the Seller Parties has released any, and to the Knowledge of Seller Parties, no Hazardous Substances have been released in, under or upon any real property at any time owned, leased, used or operated by the Seller Parties in connection with the Retail Store Business or the Meat Processing Business except in compliance with all applicable Environmental Laws.
Except as set forth on Schedule 2.27, or as contemplated in the Transitional Services Agreement, the Software License and Support Agreement and the Tradename and Trademark License Agreements, following the Closing, the Assets transferred to Buyer Parties pursuant hereto will constitute all of the assets necessary or required to permit Buyer Parties to carry on the Retail Store Business and the Meat Processing Business after the Closing in substantially the same manner as presently conducted.
Except as set forth in the preliminary title reports for the properties leased by AFD (with respect to the Meat Processing Business) and SF Stores and previously delivered to Buyers, all material properties and assets reflected in the Orlando Balance Sheets and the SF Stores Balance Sheet are free and clear of all Encumbrances and are not, in the case of real property, subject to any rights of way, building or use restrictions, exceptions, variances, reservations, or limitations of any nature.