Examples of Transferred Business as of the Closing in a sentence
In the event Seller is unable to assign any such rights under the Equipment Leases (or the portion thereof relating to the Transferred Business) as of the Closing as a result of the failure to obtain any consent of any lessor under such Equipment Lease, it will notify Buyer promptly that it will not be able to assign such Equipment Lease (or such portion thereof) to Buyer at the Closing.
Buyer is qualified to obtain any Permits necessary for Buyer to own and operate the Acquired Assets and the Transferred Business as of the Closing.
Seller shall deliver or cause to be delivered to Buyer (i) the balance sheet of the Transferred Business as of the Closing Date within 20 days after the Closing Date, and (ii) the income statement of the Transferred Business for the 12-month period ended the LTM EBITDA End Day as provided under the KBT Agreement within 20 days after the LTM EBITDA End Day.
This program was adopted by city council with Ordinance # 2643 and went into effect after final approval by Ecology on September 24, 2012 (Resolution #1250).
The Intellectual Property constitutes all the intellectual property currently used to operate the Transferred Business as of the Closing Date and thereafter, in the manner in which it is presently operated.
Within 60 days following the Closing, Seller shall prepare, or cause to be prepared, and deliver to Purchaser a Closing Date Working Capital Statement (the "Closing Working Capital Statement"), which shall set forth the Net Working Capital of the Transferred Business as of the Closing Date and shall be prepared in accordance with the same methodology and on the same basis as the Working Capital Statement.
Transferred Companies prior to the Closing, all other assets, property and rights (other than Intellectual Property and IT Systems) of Seller and its Subsidiaries as of immediately prior to the Closing that are exclusively used in the conduct of the Transferred Business as of the Closing, in each case other than any Excluded Assets.