Examples of Acquired Companies in a sentence
All of such insurance policies are in full force and effect (with respect to the applicable coverage periods), and the Acquired Companies are not in default with respect to any of its respective obligations under any of such insurance policies.
The accounts receivable of the Acquired Companies (collectively, the “Accounts Receivable”) are (to the extent not yet paid in full) valid, genuine and existing and arose or will have arisen from bona fide sales of products or services actually made in the Ordinary Course.
The minute books of the Acquired Companies contains accurate and complete records of all meetings held, and corporate action taken by, the stockholders, the Board of Directors, any special committees of the Board of Directors of the Acquired Companies, and no meeting of any such stockholders, Board of Directors, or special committee has been held for which minutes have not been prepared and are not contained in such minute books.
The Acquired Companies have at all times since September 30, 2022, maintained insurance as required by Law or under any agreement to which the Acquired Companies are or have been a party, including without limitation general comprehensive liability, unemployment and workers’ compensation coverage.
The Parties understand and acknowledge that each Party’s obligations to consummate the transactions contemplated by this Agreement are contingent upon, among other things, the completion to the Buyer’s reasonable satisfaction of a comprehensive due diligence review of the Acquired Companies.