Transferred Entities definition
Examples of Transferred Entities in a sentence
The Purchased Entities do not (or once formed will not) have any ownership interests or securities in or of any Person other than the Transferred Entities.
Intercompany balances and accounts solely among any of the Transferred Entities shall not be affected by the above provisions of this Section 6.23.
Seller (or a subsidiary of Seller) is the record and beneficial owner of the Transferred Entities Equity, free and clear of any and all Encumbrances other than Encumbrances arising under applicable securities Laws.
All of the Transferred Entities Equity has been duly authorized and validly issued and is fully paid and non-assessable, to the extent applicable to such entity.
All material Taxes of the Transferred Entities and those relating to the Business due and owing have been, or will be, timely paid.