Transferred Entities definition
Examples of Transferred Entities in a sentence
None of the Seller, the other Pre-Closing Reorganization Selling Parties or the Transferred Entities is involved in any claim, dispute or controversy with any of the other customers of the Business that, individually or in the aggregate, would reasonably be expected to be material to the Business, taken as a whole.
Neither the Seller nor the Transferred Entities is in default under, or is violating, any of the Business Permits in any material respect, and no Action is pending or, to the Knowledge of the Seller, threatened to terminate, revoke or modify any Business Permits.
There are no pending or, to the Knowledge of the Seller, threatened legal or administrative proceedings, claims, suits or actions against the Pre-Closing Reorganization Selling Parties (related to the Business) or the Transferred Entities alleging a violation of any applicable Trade Compliance Laws or Anti-Corruption Laws.
Each of the Seller, the other Pre-Closing Reorganization Selling Parties (with respect to the Business) and the Transferred Entities is, and during the five (5) year period prior to the Closing Date has been, in compliance in all material respects with all Laws and Governmental Orders applicable to the conduct of the Business.
As of the date of this Agreement, there are no Actions pending, threatened in writing or, to the Knowledge of the Seller, otherwise threatened against the Seller, the other Pre-Closing Reorganization Selling Parties, the Transferred Entities or any of their Affiliates alleging that the operation of the Business infringes, misappropriates or otherwise violates, or has infringed, misappropriated or otherwise violated any Intellectual Property of any third party in any material respect.