Common use of Operating Businesses Clause in Contracts

Operating Businesses. The Business is carried on exclusively by the Corporation. All assets used in or necessary to carry on the Business are owned by the Corporation, or leased or licensed by the Corporation from Persons acting at arm's length from the Corporation Stockholders and the Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Workstream Inc)

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Operating Businesses. The Business is carried on exclusively by the Corporation. All assets used in or necessary to carry on the Business are owned by the Corporation, or leased or licensed by the Corporation from Persons acting at arm's length from the Corporation RezLogic Stockholders and the Corporation.

Appears in 1 contract

Samples: Merger Agreement (E Cruiter Com Inc)

Operating Businesses. The Business is carried on exclusively by the Corporation. All assets used in or necessary to carry on the Business are owned by the Corporation, or leased or licensed by the Corporation from Persons acting at arm's length from the Corporation Stockholders and the Corporation.

Appears in 1 contract

Samples: Merger Agreement (Workstream Inc)

Operating Businesses. The Business is carried on exclusively by the CorporationCorporation and the Subsidiaries. All assets used in or necessary to carry on the Business are owned by the CorporationCorporation and the Subsidiaries, or leased or licensed by the Corporation and the Subsidiaries from Persons acting at arm's length (within the meaning of the Code) from the Vendors, the Corporation Stockholders and the CorporationSubsidiaries.

Appears in 1 contract

Samples: E Cruiter Com Inc

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Operating Businesses. The Business is carried on exclusively by the Corporation. All assets used in or necessary to carry on the Business are owned by the Corporation, or leased or licensed by the Corporation from Persons acting at arm's length from the Corporation 6FigureJobs Stockholders and the Corporation.

Appears in 1 contract

Samples: Merger Agreement (E Cruiter Com Inc)

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