Business of Seller. Seller has not conducted the Business ------------------ through, and none of the Assets are held or owned by, any subsidiary, Affiliate or other entities.
Business of Seller. From the date hereof to the Closing Date, and except as otherwise consented to or approved by Buyer in writing (which consent shall not be unreasonably withheld), Seller covenants and agrees as follows:
Business of Seller. The Seller has not been and is not currently engaged in the business of selling tangible personal property similar to the Vessel and the Seller has not and does not hold itself out to be engaged in such business.
Business of Seller. Since December 31, 1995, Seller and its Subsidiary ------------------ conducted their businesses only in the ordinary course. For purposes of the foregoing, among other things, Seller or its Subsidiary has not, since December 31, 1995, controlled expenses through (i) elimination of employee benefits, (ii) deferral of routine maintenance of real property or leased premises, (iii) elimination of reserves where the liability related to such reserve has remained, (iv) reduction of capital improvements from previous levels, (v) failure to depreciate capital assets in accordance with past practice or to eliminate capital assets which are no longer used in the business of Seller, (vi) capitalized loan production expenses other than in accordance with Statement of Financial Accounting Standard No. 91, or (vii) extraordinary reduction or deferral of ordinary or necessary expenses.
Business of Seller. Seller (a) was formed solely for the purpose of owning (directly or indirectly, as applicable) the Company Group Interests and has not engaged in any business activities or conducted any operations other than in connection with or related to such ownership, and (b) has no, and at all times prior to the Closing will have no other assets, liabilities or obligations of any kind or nature whatsoever, other than liabilities and obligations in respect of the Credit Agreements (including, for the avoidance of doubt, any hedging transactions relating to any risks or exposures thereunder).
Business of Seller. The Customer List attached as Exhibit B contains a complete and accurate listing as maintained by Sellers of all of the customers of the Business as of June 30, 2000, without any representation or warranty as to the current status or activity level of any such customers of the Business.
Business of Seller. Since December 31, 1998, Seller has conducted its business only in the ordinary course. For purposes of the foregoing, Seller has not, since December 31, 1998, controlled expenses through (i) elimination of employee benefits, (ii) deferral of routine maintenance of real property or leased premises, (iii) elimination of reserves where the liability related to such reserve has remained, (iv) reduction of capital improvements from previous levels, (v) failure to depreciate capital assets in accordance with past practice or to eliminate capital assets which are no longer used in the business of Seller, or (vi) extraordinary reduction or deferral of ordinary or necessary expenses.
Business of Seller. Reserved.
Business of Seller. Seller has used the Real Property and the Transferred Employees in the past for the purpose of conducting a manufacturing business to make and sell various generic pharmaceutical products, including the Products (the "Business"). Buyer is not purchasing the Business or assuming any liabilities of the Business, unless otherwise specifically so agreed in this Agreement and, in particular, in Article 2.2.
