Examples of Sale Businesses in a sentence
The Group’s reportable segments comprise Game; Builders (incorporating the Builders Warehouse, Builders Express, Builders Trade Depot and Builders Superstore brands); Massmart Wholesale (incorporating the Makro, Jumbo, Trident, Jumbo Shield and Saverite brands); and the Sale Businesses (incorporating the Cambridge Food and Rhino brands, as well as The Fruitspot).
Sale Businesses The Sale Businesses comprise the commercial carpets distribution and sales businesses carried on by Tai Ping Carpets UK Limited and Tai Ping Carpets Europe (both indirect wholly-owned subsidiaries of the Company) immediately prior to Closing.
As part of our business strategy, Blueprint 2021, the Company has started the process to sell its Tire Shredder business, its crane builder business, Crane Equipment and Service Inc., and Stahlhammer Bommern GmbH, its European forging business acquired in 2014 (the "Held for Sale Businesses") as they are no longer considered part of the core business or a strategic fit with the Company's long-term growth and operational objectives.
Upon Closing, the Target Companies will cease to be subsidiaries of the Company and the Purchaser will assume all obligations and liabilities of the Sale Businesses, except for the liabilities expressly excluded under the Transaction Documents and any liability to tax of the relevant Business Sellers in respect of income, profits or gains of the relevant Sale Businesses earned, accrued or received on or prior to Closing.
There are a number of express carve outs to the restraint, including to permit the conduct of existing businesses (other than the Sale Businesses), the Commercial Business and providing:– ‘buy now pay later’ services to a person other than a Retail Customer;– ‘point of sale’ leasing services to any person;– credit cards to Commercial Customers; and– credit card insurance products to Commercial Customers.
GM has agreed to provide Delphi with a specified minimum recovery of the working capital that Delphi has invested in the Sale Businesses.
The Company is actively pursuing the sale of the Held for Sale Businesses and expects the sale of each business to occur in fiscal 2019.
Completion must occur on the last ‘Business Day’ (as defined in the Share Sale Agreement) of the month in which the Condition Satisfaction Date occurs, provided the Condition Satisfaction Date is at least 10 ‘Business Days’ before the last ‘Business Day’ of the month (if it is not, Completion must occur on the last ‘Business Day’ of the next month).• (Humm warranties) Humm provides warranties in respect of title and capacity and operational matters related to the Sale Businesses.
Buffer: An area of natural vegetation, which may be replanted or supplemented with additional natural vegetation, which is intended to provide a visual and dimensional separation between dissimilar land uses.
Pre-Sale Reorganisation: any reorganisation or restructuring step relating to the On- Sale Businesses taken by the Notifying Party prior to closing of the sale of the On-Sale Businesses to Henkel, including any step taken in order to separate the On-Sale Businesses from the businesses the Notifying Party is retaining, as envisaged by the On- Sale Agreement (in particular at clause 6).