TPII definition
Examples of TPII in a sentence
Shoney's and TPAC agree that they shall cause each of TPIR, TPIE, TPII and each of the TPIR Subsidiaries to at all times exercise the powers granted to them by their Charters, their By-laws, and by applicable law to indemnify to the fullest extent possible present or former directors, officers, employees and agents of TPIR, TPIE, TPII and each of the TPIR Subsidiaries, as the case may be, against claims made against them arising from their service in such capacities.
TPII is duly qualified to do business and is in good standing in each jurisdiction where it owns or leases property, conducts business or where the character of its properties owned or held under lease or the nature of its activities makes such qualification necessary, except where the failure to be so qualified would not, individually or in the aggregate, have a Material Adverse Effect on TPIR, TPIE, TPII and the TPIR Subsidiaries, taken as a whole.
There is no agreement, waiver or other document extending, or having the effect of extending, the period for assessment or collection of any Taxes of any of TPIR, TPIE, TPII or any TPIR Subsidiary, which extension or waiver is still in effect.
Except with respect to the TPIR Preferred Stock, there are no amounts owed to Enterprises by either of TPIR, TPIE or TPII as a result of any previous declaration of any dividend or other distribution on any outstanding securities of any of TPIR, TPIE or TPII.
Each item of FF&E is in operating order, ordinary wear and tear excepted, except as would not have a Material Adverse Effect on TPIR, TPIE, TPII and the TPIR Subsidiaries, taken as a whole.
Not one of TPIR, TPIE, TPII or any TPIR Subsidiary has incurred, and no facts exist which could reasonably be expected to result in, liability to TPIR, TPIE, TPII or any TPIR Subsidiary as a result of a termination, withdrawal or funding waiver with respect to an ERISA Affiliate Title IV Plan.
To Enterprises' Knowledge, not one of Enterprises, any of the Remaining Subsidiaries, TPIR, TPIE, TPII or any TPIR Subsidiary is a party to, or bound by, any collective bargaining agreement, contract or other agreement or understanding with a labor union organization.
There are no outstanding contractual obligations of TPII to acquire any shares of capital stock or other ownership interest of any corporation, partnership or other entity.
Other than the Enterprises Tax Sharing Arrangement, none of TPIR, TPIE, TPII or any TPIR Subsidiary is a party to any Tax Sharing Arrangement allocation agreement with any entity.
All final adjustments made by the Internal Revenue Service with respect to any federal Tax Return of TPIR, TPIE, TPII or any TPIR Subsidiary (or which includes TPIR, TPIE, TPII or any TPIR Subsidiary) have been reported to the relevant state Tax authorities as required by law.