Assets and Revenues Sample Clauses
The 'Assets and Revenues' clause defines how a party's assets and income are identified, measured, or treated within the context of the agreement. Typically, this clause specifies what constitutes assets (such as property, equipment, or intellectual property) and revenues (such as sales income or service fees) for the purposes of financial reporting, compliance, or performance obligations. By clearly outlining these definitions, the clause ensures transparency and consistency in financial matters, reducing the risk of disputes over what is included as assets or revenues under the contract.
Assets and Revenues. (a) Seller is its own ultimate parent entity. Seller, together will all entities controlled by Seller (i) is not engaged in manufacturing, (ii) does not have total assets of $106.2 million or more as of its most recent regularly prepared balance sheet, and (iii) does not have annual sales of $106.2 million or more as of its most recently completed fiscal year.
(b) The following terms shall be defined for the purpose of this Section 2.31 and Section 3.22 of this Agreement as follows: (i) “ultimate parent entity” shall have the meaning set forth in 16 C.F.R. Section 801.1(a)(3), (ii) “controlled” shall have the meaning set forth in 16 C.F.R. 801.1(b); and (iii) “engaged in manufacturing” shall have the meaning set forth in 16 C.F.R. 801.1(j)).
Assets and Revenues. (a) Parent is its own the ultimate parent entity. Parent, together will all entities controlled by Parent (i) is not engaged in manufacturing, (ii) does not have total assets of $106.2 million or more as of its most recent regularly prepared balance sheet, and (iii) does not have annual sales of $106.2 million or more as of its most recently completed fiscal year.
(b) The representations in this Section 3.22 are made solely for the purpose of determining the applicability of HSR to the transactions contemplated by this Agreement.
Assets and Revenues. Licensor does not have more than $184 million in either annual net sales or total assets for purposes of Section 18a(a)(2)(B)(ii) of the HSR Act. For purposes of this Section 10.2(s), the term “Licensor” shall include Licensor’s “ultimate parent entity” (as such term is defined in 16 C.F.R. § 801.1(a)(3)) and all entities included within Licensor’s ultimate parent entity.
Assets and Revenues. Seller M▇▇▇▇▇▇ ▇▇▇▇▇ represents and warrants that he, together with all entities "controlled" (as defined in 16 CFR §801.2) by him: (a) owns beneficially and of record eighty percent (80%) of the outstanding voting securities of the Company; (b) is not "engaged in manufacturing" (as defined in 16 CFR §801.1(j)); and (c) does not have (i) assets having an aggregate book value of $13.2 million or more or (ii) have annual sales of $131.9 million or more (each calculated in accordance with 16 CFR §801.11). Seller M▇▇▇▇▇▇ ▇▇▇▇▇ further represents that there are no contractual arrangements in place permitting any person to appoint any directors of the Company. This representation and warranty is made solely for the purpose of determining the applicability to the transactions contemplated by this Agreement of the H▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Antitrust Improvements Act of 1976, as amended (the “HSR Act”).
Assets and Revenues. 21 3.31 Disclosure.......................................... 21 3.32
Assets and Revenues. The aggregate book value as of December 31, 1996 of all assets located in the United States held by the Company and its Subsidiaries was less than $15 million, and the aggregate amount of sales in or into the United States by the Company and its Subsidiaries for the fiscal year ended December 31, 1996 was less than $25 million, as such asset value and sales amounts are required to be calculated pursuant to Rule Section 802.50 and the other applicable provisions of the Hart-▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇itrust Improvements Act of 1976, as amended.
Assets and Revenues. As of the date of its most recent regularly prepared financial statements, Licensor had total assets of less than $18 million and annual revenues of less than $18 million.
Assets and Revenues. Buyer does not have more than $202 million in either annual net sales or total assets for purposes of Section 18a(a)(2)(B)(ii) of the U.S. ▇▇▇▇-▇▇▇▇▇- ▇▇▇▇▇▇ Antitrust Improvements Act of 1976. For purposes of this Section 4.7, the term “Buyer” shall include Guarantor and its Affiliates.
Assets and Revenues. On and after giving effect to the Recapitalization Plan, which plan shall be effected prior to the Closing, the Seller is its own "ultimate parent entity" as such term is defined in 16 C.F.R. Section 801.1(a)(3). The Seller, on a consolidated basis, does not (i) have assets having an aggregate book value of $100 million or more based on its most recent regularly prepared balance sheet or (ii) sales of $100 million or more in its most recent fiscal year. The representation and warranty is made solely for the purpose of determining the applicability to the transactions contemplated by this Agreement of the Hart-▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇itrust Improvements Act of 1976, as amended.
Assets and Revenues. The Company is its own "ultimate parent entity" as such term is defined in 16 C.F.R. Section 801.1(a)(3). The Company, on a consolidated basis, does not (i) have assets having an aggregate book value of $100 million or more based on its most recent regularly prepared balance sheet or (ii) sales of $100 million or more in its most recent fiscal year. The representation and warranty is made solely for the purpose of determining the applicability to the transactions contemplated by this Agreement of the Hart-▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇itrust Improvements Act of 1976, as amended.