Business of Purchaser. Purchaser has been organized for the purpose of acquiring the Transferred Business and has not engaged in any other business (other than organizational and financing activities) or succeeded to the assets, business or liabilities of any other person or entity.
Business of Purchaser. For purposes of this Agreement, the term "Business of Purchaser" shall mean the business of providing temporary corporate housing through leasing and sub-leasing commercial rental properties and residential rental properties, appropriately furnishing said properties and providing all amenities with respect thereto, including utilities, household goods, health and entertainment facilities and the like.
Business of Purchaser. Purchaser has been formed solely for the purposes of consummating the transactions contem plated by this Agreement, has not conducted and will not conduct any independent business operations until the Closing Date.
Business of Purchaser. Purchaser does not carry on any active business and will not carry on any active business prior to the Effective Time other than to effect the transactions contemplated hereby.
Business of Purchaser. Purchaser was incorporated on June 1, 2006, and has no material assets or material liabilities and to Purchaser’s Knowledge will not have any material assets or material liabilities prior to Closing other than as contemplated by this Agreement or the Transaction Agreements.
Business of Purchaser. Since its date of incorporation, Purchaser has not carried on any business nor conducted any operations other than the execution of this Agreement and the Equity Commitment Letters, the performance of its obligations hereunder and thereunder and matters ancillary thereto.
Business of Purchaser. The Purchaser has been formed for the purpose of engaging in the transactions contemplated hereby and by the Ancillary Documents and to own directly the Company following the Closing. The Purchaser has not engaged in any business or activity of any type or kind other than in connection with this Agreement, the transactions contemplated hereby or the Ancillary Agreements, and activities in connection with or in furtherance thereof. At the time of Closing, the Purchaser will have no assets or liabilities except in connection with or in furtherance of the foregoing. 4.8
Business of Purchaser. Since September 30, 2002, neither Purchaser nor any Purchaser Subsidiary has in any respect which would be material to the financial operations of the Purchaser and the Purchaser Subsidiaries on a consolidated basis:
(a) increased the wages, salaries, compensation, pension or other employee benefits payable to any executive officer, employee or director;
(b) eliminated employee benefits;
(c) deferred routine maintenance of real property or leased premises;
(d) eliminated a reserve where the liability related to such reserve has remained;
(e) failed to depreciate capital assets in accordance with past practice or to eliminate capital assets which are no longer used in its business; or
(f) had extraordinary reduction or deferral of ordinary or necessary expenses.