Examples of S&P Index Business in a sentence
The MH Financial Statements have been prepared based on MH’s books and records in accordance with U.S. GAAP, consistently applied in accordance with MH’s past practices as of the date hereof, and present fairly, in all material respects, the financial position and the results of operations and cash flows of the S&P Index Business at their respective dates and for the periods covered by such statements.
None of the MH Licenses will be terminated or become terminable as a result of the transactions contemplated by the Transaction Agreements, except, in each case, as would not, individually or in the aggregate, reasonably be expected to be material to the S&P Index Business.
MH and its Affiliates are in compliance with, and have at all times since January 1, 2009 complied with, all Laws or Governmental Orders applicable to the conduct of the S&P Index Business or by which any MH Contributed Asset is bound or affected except as would not, individually or in the aggregate, reasonably be expected to be material to the S&P Index Business.
There is no material Governmental Order outstanding against MH or its Affiliates with respect to the S&P Index Business or involving the MH Contributed Assets.
MH has previously made available to CME Group a true and complete copy of the most recent summary plan description for each material MH Employee Plan covering S&P Index Business U.S. Employees and the most recent IRS determination letter (if any) applicable to any such MH Employee Plan.
It is intended that the contribution of the S&P Index Business pursuant to this Section 2.02 shall be treated as nontaxable contributions of property to a partnership under Section 721 of the Code (it being understood that MH or one of its Subsidiaries will recognize income with respect to the contribution of any Deferred Income Assets or liabilities relating thereto).
Section 3.17 of the MH Disclosure Letter sets forth all claims pending under any such MH Insurance Policy which relate to and are material to the S&P Index Business as to which coverage has been denied or disputed by the underwriter of such MH Insurance Policy.
Since January 1, 2009, neither MH nor any of its Affiliates has received any written notice from any Governmental Authority alleging any material conflict with, or material violation or breach of, any such Law or Governmental Order with respect to the S&P Index Business or involving the MH Contributed Assets.
MH and CME Group, and their respective Affiliates, shall have the right to retain copies of all books and records of the S&P Index Business and the CME Group Businesses, respectively, relating to periods ending on or prior to the Closing Date, subject in each case to continued compliance with the terms of the Confidentiality Agreement.
MH has previously made available to CME Group a summary of each material MH Employee Plan applicable to S&P Index Business Non-U.S. Employees.