QPSI definition
Examples of QPSI in a sentence
From the date of this Agreement until the Closing, Sellers shall cause IPSI and QPSI to give Buyer and its lenders, financial sources and authorized representatives full access to the books and records of IPSI, QPSI and the Subsidiaries and shall furnish Buyer and its lenders, financial sources and authorized representatives with such financial and operating data and other information concerning IPSI, QPSI and the Subsidiaries as may reasonably be requested upon 48 hours advance notice.
To the Knowledge of IPSI, QPSI or any Subsidiary, no third party is misappropriating or infringing any material Intellectual Property owned by IPSI, QPSI or any Subsidiary.
Neither Buyer nor any of Buyer’s directors, officers, employees or agents has employed any investment banker, broker or finder or incurred any liability for any investment banking fees, brokerage fees, commissions or finders’ fees or any other fees or commissions to investment bankers, brokers or finders in connection with the transactions contemplated by this Agreement for which any Seller, or, in the event the Closing does not occur, IPSI, QPSI or any Subsidiary, has, will have or may have any liability.
Since July 31, 2007, IPSI, QPSI and the Subsidiaries have operated their respective businesses in the ordinary course, consistent with past practice and there has not been any event or occurrence that has had or could reasonably be expected to have a Material Adverse Effect.
IPSI and QPSI have made available to Buyer true, complete and correct copies of the constitutive documents of each Company and of each Subsidiary, in each case as amended to the date of this Agreement, and have made available to Buyer each such entity’s minute books and stock records.
IPSI, QPSI and each Subsidiary is duly licensed or qualified to do business and is in good standing in each jurisdiction in which such qualification or licensing is necessary because of the property and assets owned, leased or operated by it or because of the nature of its business as now being conducted, except for any failure to so qualify or be licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.
The assets of IPSI, QPSI and the Subsidiaries constitute all of the assets (whether real or personal, tangible or intangible) that are reasonably necessary for the continued conduct of the businesses of the IPSI, QPSI the Subsidiaries after the Closing in the same manner as presently conducted.
Schedule 3.18 hereto sets forth a complete and correct list of all real property owned or leased by IPSI, QPSI or any Subsidiary, identifying in each case whether such property is owned or leased.
The Financial Statements have been prepared in accordance with GAAP consistently applied (except as may be indicated in the notes thereto) during the periods involved and fairly present in all material respects the consolidated financial position of IPSI and QPSI as of the dates and for the periods presented therein.
Neither IPSI, QPSI nor any Subsidiary has assigned, transferred, conveyed, subleased, mortgaged, deeded in trust or encumbered any interest in the leasehold interest.