Purchased Stores definition
Examples of Purchased Stores in a sentence
Inventory" shall mean all inventories owned by any Seller, including raw materials, work in process and finished goods: (a) associated with any Seller's U.S. wholesale shoe operations, based on the asset classifications reflected in the Financial Statements dated as of September 29, 2001 or (b) located at or in transit to the Purchased Stores, but shall exclude the Excluded Store Inventory, the John Deere Inventory and the Golf Inventory.
Excluded Stores" shall mean any retail and outlet stores operated by any of the Sellers in the United States other than the Purchased Stores.
There are no material claims, demands or proceedings instituted or pending or, to the Knowledge of Sellers, threatened by any Person contesting or challenging the right of any Seller to use any Information Assets which, if adversely determined, would be materially adverse to the Sellers' U.S. wholesale business, the Purchased Assets or the Purchased Stores.
With respect to the Purchased Assets, the Sellers' U.S. wholesale business or the Purchased Stores, not, without the Buyer's prior written consent, enter into any contract or commitment or engage in any transaction (a) in excess of $100,000 or not in the ordinary course of business consistent with past practice and (b) not purchase, lease, sell or dispose of any capital asset included in the Purchased Assets; except, in each case, as otherwise provided herein or as approved by the Bankruptcy Court.
At the reasonable request of the Buyer, the Sellers shall meet with representatives of the Buyer to discuss operational and financial matters of Sellers with respect to Sellers' U.S. wholesale business, the Purchased Stores and the Purchased Assets.
The Existing Permits constitute all material permits, licenses, approvals, qualifications, permissions and governmental authorizations which are required for the operation of Sellers' U.S. wholesale business and the Purchased Stores as currently conducted.
The Disclosure Schedule lists all of the Existing Permits that are material to the operation of Sellers' U.S. wholesale business and the Purchased Stores (the "Material Permits").
There is no pending or, to the Knowledge of Sellers, threatened labor dispute, strike or work stoppage related to Sellers' U.S. wholesale business or the Purchased Stores.
Purchased Stores" shall mean the retail and outlet stores operated by any Seller in the United States and that are identified on EXHIBIT 6, but not including the Excluded Stores.
If fifteen (15) days before payment is due, the reserve funds are insufficient, Grantor shall, upon demand, pay any deficiency to Lender.