Examples of Business Subsidiary in a sentence
Neither Seller nor any Subsidiary nor any ERISA Affiliate has any commitment or formal plan, whether legally binding or not, to create any additional employee benefit plan or modify or change any existing Plan that would affect any employee or former employee of the Business or any Business Subsidiary.
Each Data Business Subsidiary shall be permitted to transfer assets and liabilities owned or owed by it comprising the Data Business (as determined in good faith by any Executive Officer of the Company) to the Company.
Neither Seller nor any Business Subsidiary is subject to any judgment, order or decree which may have an a Material Adverse Effect on the Assets or on Seller's ability to acquire any property or conduct its business in any area.
There are no existing defaults by Seller or to the Knowledge of Seller by any Business Subsidiary, under any of the Leases.
Neither Seller nor any Business Subsidiary is a party to any lease, assignment or similar arrangement under which Seller or any Business Subsidiary is a lessor, assignor or otherwise makes available for use by any third party any portion of the Real Property.
True and complete copies of all minute books and all stock record books of each Business Subsidiary have heretofore been delivered to Purchaser.
All the outstanding capital stock of each Business Subsidiary which is owned by Seller or an Affiliate of Seller is free and clear of all Encumbrances and all material claims or charges of any kind, and is validly issued, fully paid and nonassessable, and there are no outstanding options, rights or agreements of any kind relating to the issuance, sale or transfer of any capital stock or other equity securities of any such Business Subsidiary.
The Company may issue notes to any Data Business Subsidiary in consideration for all or a portion of the purchase price for such assets.
Section 4.4 of the Disclosure Schedule sets forth the name, jurisdiction of incorporation or formation and authorized and outstanding capital of each Business Subsidiary and the jurisdictions in which each Business Subsidiary is qualified to do business.
The Issuer shall, no later than the second anniversary of the Issue Date, cause each of the US Core Businesses to be held by a US Core Business Subsidiary or US Core Business Subsidiaries designated as such by the Issuer, provided however that (1) no US Core Business Subsidiary may engage in more than one US Core Business and (2) no US Core Business Subsidiary may be a direct or indirect Subsidiary of any other US Core Business Subsidiary that is not engaged in the same US Core Business.