Examples of Snapple Business in a sentence
Subject to Section 8.4, Acquiror agrees that it shall, at its own expense, preserve and keep the records held by it relating to the Snapple Business that could reasonably be required after the Closing by Seller for as long as is specified for such categories of records in Seller's document retention program in effect on the Closing Date (a copy of which has been provided to Acquiror).
Prior to the Closing, Seller shall deliver to Acquiror within 21 days of the end of each month monthly financial statements of the Snapple Business, which monthly financial statements are prepared in the ordinary course of business, on a basis consistent with the direct contribution and invested capital statements previously delivered.
In addition, Acquiror shall make such records available to Seller as may be reasonably required by Seller in connection with, among other things, any insurance claim, legal proceeding or governmental investigation relating to the Snapple Business.
Section 5.8(a) of the Disclosure Schedule also sets forth a complete and correct list of all Employee Arrangements or portions thereof which Acquiror hereby covenants and agrees that the Snapple Companies or Acquiror will assume and be liable for with respect to any employee or former employee of the Snapple Companies or the Snapple Business after the Closing Date (the "Snapple Employee Arrangements").
Except as otherwise contemplated by this Agreement or as set forth in Section 5.1 of the Disclosure Schedule or in any other Section of the Disclosure Schedule, during the period from the date hereof to the Closing, Seller shall, and shall cause the Snapple Companies to, taking into account any matters that may arise that are attributable to the pendency of the transactions contemplated by this Agreement, conduct the Snapple Business only in the ordinary course.
In connection with such access, Acquiror's representatives shall cooperate with Seller's and Snapple's representatives and shall use their reasonable best efforts to minimize any disruption of the Snapple Business.
The line items included in the Closing Statement shall be prepared on a basis consistent with the line items contained in the Statement of Assets and Liabilities of the Snapple Business as of December 31, 1996 included in the Financial Statements; provided, however, that the trade accounts payable reflected on the Closing Statement shall, to the extent reasonably practicable, reflect the trade accounts payable directly attributable to the Snapple Business, consistent with past practice.