Seller Entities definition
Examples of Seller Entities in a sentence
Seller and Parent agree that the coverage under all insurance policies related to the Acquired Companies or the assets or liabilities thereof and arranged or maintained by the Seller Entities is only for the benefit of the Seller Entities, and not for the benefit of Parent or any of its Affiliates (including the Acquired Companies).
The pharmacies, laboratories, and all other ancillary departments owned or operated by the Seller Entities and located at the Facilities or operated for the benefit of the Facilities which are required to be specially licensed are duly licensed by the appropriate licensing agency (the “State Health Agency”).
All of such cost reports accurately reflect in all material respects the information required to be included thereon and such cost reports do not claim and neither the Facilities nor the Seller Entities have received reimbursement in any amount in excess of the amounts provided by Law or any applicable agreement.
With respect to terminations of employees prior to the Closing, the Seller Entities shall be responsible for any legally required notifications.
The Seller Entities have established adequate reserves to cover any potential reimbursement liabilities that the Seller Entities may have under such cost reports and such reserves are set forth in the Seller Entities’ Financial Statements.