Business of the Corporation. (a) Except as set forth in Schedule 5.6(a) of the Corporation’s Disclosure Schedule, the business of the Corporation (the “Business”) is described in the executive summary of the Corporation, a copy of which is attached hereto as Exhibit C (the “Executive Summary”).
(b) Schedule 5.6 of the Corporation’s Disclosure Schedule sets forth a list of all agreements or commitments to which the Corporation is a party or by which the Corporation or the Corporation’s assets and properties are bound that are material to the business of the Corporation as currently conducted, and, without limitation, of the foregoing, all of the types of agreements or commitments set forth below (each, a “Material Agreement”):
(i) agreements which require future expenditures by the Corporation in excess of $100,000 or which might result in payments to the Corporation in excess of $100,000;
(ii) employment and consulting agreements, employee benefit, bonus, pension, profit-sharing, stock option, stock purchase and similar plans and arrangements;
(iii) agreements involving research, development, or the license of Intellectual Property (as defined in Section 5.12) (other than research, development, or license agreements which require future expenditures by the Corporation in amounts less than $100,000 or which might result in payments to the Corporation in amounts less than $100,000 in each case that do not grant to a third party or to the Corporation any rights in connection with the commercialization of any products), the granting of any right of first refusal, or right of first offer or comparable right with respect to any Intellectual Property or payment or receipt by the Corporation of milestone payments or royalties;
(iv) agreements relating to a joint venture, partnership, collaboration or other arrangement involving a sharing of profits, losses, costs or liabilities with another person or entity;
(v) distributor, sales representative or similar agreements;
(vi) agreements with any current or former stockholder, officer or director of the Corporation or any “affiliate” or “associate” of such persons (as such terms are defined in the rules and regulations promulgated under the Securities Act), including without limitation agreements or other arrangements providing for the furnishing of services by, rental of real or personal property from, or otherwise requiring payments to, any such person or entity;
(vii) agreements under which the Corporation is restricted from carrying on any bu...
Business of the Corporation. The Corporation shall carry on the business of academic enrichment and cognitive rehabilitation, or such other business as the parties might unanimously agree (the “Business”).
Business of the Corporation. The Corporation shall not carry on any activity or business other than the Business.
Business of the Corporation. As at the date of closing the Business is the only business operation carried on by the Corporation, and the property and assets owned or leased by the Corporation are sufficient to carry on the Business. All of the property and assets owned and used by the Corporation are in good operating condition and are in a state of good repair and maintenance.
Business of the Corporation. The Corporation, together with the Subsidiaries, is engaged in the business of selling and servicing power generation equipment and providing power-solutions to customers in Canada and certain parts of the United States (the “Business”).
Business of the Corporation. The business of the Corporation and its Subsidiaries is the manufacturing and remanufacturing and distribution of aftermarket auto parts (the “Business”).
Business of the Corporation. The purpose of the Corporation is (i) to acquire all of the outstanding stock of Xxxxxxx Energy & Environmental, Inc. ("XXX"), the assets of which consist primarily of a gas-fired electric cogeneration plant and hardwood lumber kiln drying facility located at 0000 Xxxxx 000, Xxxxxxxxxxxxx, Xxx Xxxx (the "Facility"); to cause XXX to convert the Facility's gas-fired power plant to a wood-fired power plant and refurbish the Facility's kiln drying facility (the "Project"); and, following completion of the Project, to cause XXX to operate the Facility, and (ii) to engage in any other activities permitted by applicable law.
Business of the Corporation. The Business is the only business operation carried on by the Corporation, and the property and assets owned or leased by the Corporation are sufficient to carry on the Business.
Business of the Corporation. The Business is the only business operation carried on by the Corporation, and the property and assets owned or leased by the Corporation are, together with the material agreements to be assigned to the Corporation pursuant to Section 7.1(l), sufficient to carry on the Business. All of the material property and assets owned and used by the Corporation are in good operating condition and are in a state of good repair and maintenance. During the two (2) years preceding the date of this Agreement, there has not been any significant interruption of operations (being an interruption of more than one (1) day) of the Business due to inadequate maintenance of any of the property and assets owned and used by the Corporation. With the exception of inventory in transit, all the material tangible assets of the Corporation are situate at the locations disclosed in writing by the Vendor to the Purchaser.
Business of the Corporation. The Business is the only business operation carried on by the Corporation. During the two years preceding the date of this Agreement, there has not been any significant interruption of operations (being an interruption of more than one day) of the Business. With the exception of inventory in transit, all the tangible assets of the Corporation are situated at the locations set out in Schedule 3.11.
