Stake Business definition

Stake Business means the business carried on by Stake as of the date hereof, consisting of the sale of abrasives and industrial materials and recycling inorganic material and the development and commercialization of a proprietary steam explosion technology for the processing of biomass into higher value products and the business consisting of value-added agricultural products;
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Examples of Stake Business in a sentence

  • All inventories of Stake (including raw materials, finished goods, spare parts and supplies) reflected in Stake's Financial Statements or thereafter acquired and not subsequently disposed of in the ordinary course of business are merchantable and fit for the specific purpose for which they are to be used at levels sufficient for the continuation of the Stake Business in the ordinary course and Stake will continue to maintain adequate levels of inventories to carry on its business in the ordinary course.

  • Stake has all necessary corporate power and authority to own or lease its property and Assets and to carry on the Stake Business and is duly qualified, licensed or registered to carry on the Stake Business and is in good standing in all jurisdictions in which the nature of the Stake Business or the property owned or leased by it makes such qualification, licensing or registration necessary.

  • The Stake Business is conducted in substantial compliance with all applicable laws, rules and regulations of each jurisdiction in which the Stake Business is carried on and with all applicable orders, judgments and decrees by which Stake is bound and is not in material breach of any such laws, rules, regulations, orders, judgments and decrees.

  • Stake has good and marketable title to all the Assets used in the Stake Business including, without limitation, all the properties and Assets reflected on the balance sheet forming part of Stake's Financial Statements, except as indicated in the notes thereto, or Stake Permitted Encumbrances.

  • The books and records of Stake fairly and correctly set forth and disclose in all material respects, in accordance with Generally Accepted Accounting Principles and all applicable laws and regulations, the financial position of Stake as at the date hereof and all material financial transactions relating to the Stake Business have been accurately recorded in such books and records.

Related to Stake Business

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Company Business means the business of the Company as presently conducted.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Core Business means any material line of business conducted by the Borrower and its Subsidiaries as of the Closing Date and any business reasonably related or incidental thereto.