RiNet Business definition
Examples of RiNet Business in a sentence
No licenses, approvals, consents, ratifications, waivers, notices, registrations, qualifications, designations, filings, franchises, authorizations, security clearances and other permits of, to, from or with, any Governmental Authority are required under Applicable Laws to permit RiNet to own, operate, use and maintain its Assets in the manner in which they are now operated and maintained and to conduct the RiNet Business.
RiNet is not or has not been a party to any Proceeding nor, to the Knowledge of RiNet has any Proceeding been threatened, that alleges that the conduct of the RiNet Business infringes any other Person's rights to the Owned Intellectual Property or the Licensed Intellectual Property.
RiNet has not made a product warranty or liability claim (or claim in the nature thereof) against any supplier thereto in respect of the products manufactured or sold in respect of the RiNet Business since incorporation.
RiNet has not and has never held any insurance policies in respect of its Assets or the RiNet Business.
There are no previous, current or planned programs, practices or arrangements that relate to trade discounts, rebates, marketing, advertising or other promotional allowances, promotional sales or coupons granted by RiNet to the Customers of the RiNet Business or other programs that affect or will affect the collectability or value of current or future Accounts Receivable in respect of the RiNet Business.
The books and records of RiNet maintained in respect of the RiNet Business and the Purchased Equity accurately record all financial transactions in respect of the RiNet Business.
Following Closing, Buyer will have ownership, possession or use of all or substantially all of the Assets that can reasonably be regarded as being necessary for Buyer to be able to carry on the RiNet Business.
No event has occurred or circumstance exists that (with or without notice or lapse of time) may constitute or result in a violation by RiNet of, or a failure on the part of RiNet to comply with, any Applicable Law in connection with the operation of the RiNet Business or may give rise to any obligation on the part of RiNet to undertake, or to bear all or any portion of the cost of, any remedial action of any nature in connection with the operation of the RiNet Business.
RiNet is not in violation or breach of, or default under, and there exists no event, condition or occurrence which, with notice or passage of time or both, would constitute a default under, or give rise to any termination rights under, any provision of any Contract, license, concession, franchise, permit or grant with respect to the RiNet Business to which RiNet is a party or by which it is bound or is subject or of which it is a beneficiary.
RiNet’s Assets are sufficient to carry on the RiNet Business, consistent with past practice and constitute all of the Assets owned or used by RiNet in conducting the RiNet Business.