TK Companies definition
Examples of TK Companies in a sentence
Schedule 4.1(s) identifies each license, agreement and other permission that Seller and the TK Companies have granted to any third party with respect to any of its Intellectual Property.
At the Closing, Seller will, and will cause each other director and officer of the TK Companies and the recipients of the Loan Repayment funds from the Company referenced in Section 8.3 following receipt of such funds to deliver a release of all claims, debts and any and all other rights as against the TK Companies as of the Closing Date (the “Seller’s Releases”).
The TK Companies have paid, or made provision for the payment of, all Taxes that have or may have become due pursuant to those tax returns or otherwise, or pursuant to any assessment received by Seller or any TK Company.
Following the date of this Agreement until the Closing, Seller will provide to Sonic all documents and information that, to Seller’s Knowledge, are material or could have a material impact on the TK Companies or the business affairs or financial condition of the TK Companies which has not previously been disclosed to Sonic and which could reasonably be expected to have an adverse effect upon the business, operations, properties, assets or financial prospects of the TK Companies.
Forthwith following the Closing Date, the auditors of Sonic shall calculate the amount of aggregate accounts payable, accounts receivable and debt obligations owed by the TK Companies as at the Closing Date.