SSI Business definition
Examples of SSI Business in a sentence
VASCO or its representative has had an adequate opportunity to ask questions and receive answers from the officers of SSI concerning any and all matters relating to the Contemplated Transactions including, without limitation, the background and experience of the current and proposed officers and directors of SSI, the plans for the operations of the business of SSI, the business, operations and financial condition of SSI, the SSI Business Plan and any plans for additional acquisitions and the like.
Notwithstanding the foregoing, if such Assets (or the benefits thereof) are available for use in the SSI Business, then such Assets shall still be considered SSI Assets for purposes of determining whether any Liability is an SSI Liability.
LSI Logic also acknowledges that the limitations of time, geography and scope of activity agreed to in Section 5.1 are reasonable because, among other things (A) LSI Logic and SSI are engaged in highly competitive industries, and (B) LSI Logic has had unique access to the trade secrets and know-how of the SSI Business, including plans and strategy of the SSI Business.
SSI and LSI Logic acknowledge (i) that the goodwill associated with the existing SSI Business and the assets of the SSI Business prior to the Separation are an integral component of the value of the SSI Business, and that such value is reflected in the consideration and terms of the Separation Agreement and Ancillary Agreements; and (ii) that LSI Logic’s agreement as set forth in Sections 5.1 and 5.2 is necessary to preserve the value of the assets and SSI Business for SSI following the Separation.
Except as set forth on Section 3.8 of the Disclosure Schedule, none of the buildings, vehicles and equipment not transferred to Buyer in accordance with this Agreement or leased to Buyer in accordance with the Operating Agreement/Lease is necessary to the continued and future conduct of the SSI Business as currently conducted.
Except as disclosed in Section 3.6 of the Disclosure Schedule, the books of account and other records of Seller related to the SSI Business, all of which have been made available to TOG, are complete and correct in all material respects.
Any access rights may only be given by prior written permission from the SSI Business Development and SSI Department of Corporate Affairs.
To the Knowledge of Seller, no member, manager or other key SSI Employee or subcontractor engaged by Seller with respect to the SSI Business intends to terminate his employment with Seller.
Such policies insure Seller in amounts and against losses and risks, in the reasonable opinion of Seller, normal and sufficient for businesses similar to the SSI Business, and such policies shall continue in full force and effect up to the expiration dates shown in Section 3.17 of the Disclosure Schedule.
SSI Balance Sheet" means the audited consolidated balance sheet (including the notes thereto) of the SSI Business as of December 31, 2003.