WSI Business definition

WSI Business has the meaning set forth in the Recitals. “WSI Common Stock” means the shares of Common Stock, par value $0.01 per share of WSI.
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Examples of WSI Business in a sentence

  • There is no material claim, dispute or Action pending or, to WSI’s Knowledge, threatened with respect to the WSI Business, any WSI Entity, any of their respective partners, directors, managers or officers that, individually or in the aggregate, has had or would be reasonably expected to have a Material Adverse Effect.

  • The only material Liabilities of the WSI Entities are, and immediately after the Closing will be, Liabilities with respect to the WSI Business or arising from the Transactions.

  • Since January 1, 2009, there has been no termination or cancellation of, and no modification or change in, the WSI Entities’ business relationship with any customers or suppliers which would reasonably be expected to have a Material Adverse Effect on the WSI Entities or the WSI Business.

  • There is no strike, picketing, slowdown, work stoppage or lock out, or organizational attempt pending against or involving any WSI Entity or the WSI Business.

  • The WSI Entities hold or have the benefit of all material Permits required for the conduct of the WSI Business as presently conducted (the “WSI Permits”).

  • The WSI Entities are the exclusive owners of or have a valid license to use all Intellectual Property used in or necessary to conduct the WSI Business as presently conducted (the “WSI Intellectual Property”) and, as of the Closing Date, such WSI Intellectual Property shall be free and clear of all Liens, except Permitted Liens and restrictions imposed by the terms of any relevant license in the case of any licensed WSI Intellectual Property.

  • None of the WSI Entities have received notice that any investigation or review of the WSI Entities or the WSI Business by any Governmental Authority is pending.

  • Each WSI Entity is qualified to do business in every jurisdiction where the character or location of the properties owned or leased by it, or the nature of the business conducted by it, requires such qualification, except where the failure to be so qualified would not have a Material Adverse Effect on the WSI Entities or the WSI Business.

  • Since January 1, 2009, there has been no Material Adverse Effect relating to the WSI Entities or the WSI Business.