Videoland definition
Examples of Videoland in a sentence
Schedule 3.19 sets forth the date or dates through which the Internal Revenue Service has examined the federal income taxes of Videoland and the date or dates through which any foreign, state, local or other taxing authority has examined any other tax returns of Videoland.
The aggregate operating cash flow (i.e., ---------------------- ---- earnings before interest, taxes, depreciation and amortization, but after all inventory purchases) of Videoland's video stores during the twelve month period ending on the month prior to the month in which the Closing shall take place shall exceed $3,700,000, and Videoland shall have delivered a certificate signed by ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ to such effect.
Except as provided for ------------------------------------ hereinbelow, Videoland and the Selling Shareholders shall not from and after the date hereof make, issue or release any public announcement, press release, statement or acknowledgment of the existence of, or reveal publicly the terms, conditions and status of, the transactions provided for herein, without the prior written consent of VCI as to the content and time of release of such statement or announcement.
VCI and Videoland shall take such actions and ------------- execute and deliver such agreements, instruments and documents as may be necessary or desirable to close certain of Videoland's retail video stores as may be mutually agreed upon by VCI and Videoland.
To the best knowledge of Videoland, there are no circumstances, conditions, events or arrangements which may hereafter give rise to any liabilities of Videoland except in the ordinary course of business or as otherwise set forth in this Section 3.8 or in a Schedule to this Agreement.
The Purchaser agrees that its use of the Video City and/or Videoland name pursuant to this right does not give the Purchaser any ownership interest or any other interest in or to such names, other than the rights granted in this Section 10.6.
The Selling Shareholders hereby acknowledge and agree that all tax liabilities of Videoland applicable to such period and to any prior periods (collectively, "Prepurchase Tax Liabilities") shall be the responsibility of the Selling Shareholders, and that the Selling Shareholders shall, jointly and severally, indemnify and hold harmless VCI, Videoland and their affiliates from Prepurchase Tax Liabilities.
Videoland has provided VCI all material information regarding its business and operations.
On the Effective Time, Videoland shall enter into a ------------ real property lease with ▇▇▇▇▇▇ ▇.
Notwithstanding the foregoing, in the event such Trading Price for any period of 20 consecutive trading days during the five year period commencing on the Effective Time does not equal or exceed $3.1667, then at the end of such five year period Videoland shall forgive all amounts then owed by the Selling Shareholders to Videoland under the Shareholder Account and Videoland shall pay all tax liabilities and obligations of the Selling Shareholders in connection with the forgiveness of such amounts.