Transfer and Acquisition of Assets. 2.01. Acquisition of Transferred Assets and Assumption of Assumed Liabilities ......... 25 2.02. Cash Consideration .............................................................. 26 2.03. Place and Date of Closing ....................................................... 27 2.04. Preliminary, Closing and Final Balance Sheets ................................... 27 2.05. Post-Closing Adjustment ......................................................... 31
Transfer and Acquisition of Assets. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, Sellers shall, and shall cause Empire and PLAIC to, sell, transfer, convey, assign and deliver to Purchaser, and Purchaser shall purchase and accept from Sellers, Empire and PLAIC, all of Sellers’, Empire’s and PLAIC’s right, title and interest in and to the following assets used in the Business, free and clear of all Liens other than the Permitted Liens:
(a) (i) computers, terminals, computer equipment and systems, telephones and telephone systems (including parts, accessories, and the like, with respect to the foregoing), but only to the extent specifically identified on Schedule 2.2(a), (ii) any and all assignable warranties of third parties with respect to the items described on Schedule 2.2(a); and (iii) Computer Programs and software licenses, but only to the extent specifically identified on Schedule 2.2(a);
(i) office furniture, office equipment and business machines (including parts, accessories and the like, with respect to the foregoing), but only to the extent specifically identified on Schedule 2.2(b), and (ii) any and all assignable warranties of third parties with respect to the items described on Schedule 2.2(b);
(c) all rights of Sellers, PLAIC and Empire in and under Contracts utilized or relied upon by the Business, but only to the extent specifically identified on Schedule 2.2(c) (collectively, the “Transferred Contracts”);
(d) Intellectual Property, but only to the extent specifically identified on Schedule 2.2(d);
(e) all existing data, databases, Books and Records (except those records at a Seller’s corporate offices or at off-site storage facilities that are duplicates of the Books and Records), correspondence, business plans and projections, records of sales, customer and vendor lists, files, papers, manuals and printed instructions relating exclusively to the Business;
(f) to the extent permitted under Applicable Law, (i) copies of employment applications, notices of transfer, notices of rate changes, historical personnel payroll and similar documents (and any summaries of such documents) maintained by PLICO and its Affiliates for each of the Transferred Employees, and (ii) to the extent a Transferred Employee grants PLICO and its Affiliates permission to release the following if such consent is required by Applicable Law, all medical records, corrective action reports and disciplinary reports in the possession of PLICO and its Affiliates; an...
Transfer and Acquisition of Assets. Section 2.01. Purchase and Sale of the Transferred Assets and the Transferred Securities 25 Section 2.02. Assumption of the Assumed Liabilities and Assigned Contracts 25 Section 2.03. Place and Date of Closing 26 Section 2.04. Consideration; Closing Payments 27 Section 2.05. Closing Deliveries 31 Section 2.06. Determination of Final Closing Statement 34 Section 2.07. Purchase Price Adjustments 36 Section 3.01. Organization, Standing and Authority 38 Section 3.02. Authorization 39 Section 3.03. Capital Structure; Title to Shares 39 Section 3.04. No Conflict or Violation 40 Section 3.05. Consents and Approvals 40 Section 3.06. Certain Contracts 41 Section 3.07. Title to Assets 42 Section 3.08. Absence of Litigation 43 Section 3.09. Compliance with Laws 43 Section 3.10. Employee Matters 44 Section 3.11. Permits 45 Section 3.12. Intellectual Property 45 Section 3.13. Insurance Business 46 Section 3.14. Producers; Sale Practices 47 Section 3.15. Real Property 48 Section 3.16. Existing Reinsurance Contracts 48 Section 3.17. Tax 49 Section 3.18. Financial Statements; Reserves; Books and Records 50 Section 3.19. No Undisclosed Liabilities 52 Section 3.20. Absence of Certain Changes 52 Section 3.21. Actuarial Report 53 Section 3.22. Sufficiency of Assets 53 Section 3.23. Data Protection and Privacy; IT Systems 53 Section 3.24. Brokers and Finders 54 Section 4.01. Organization, Standing 54 Section 4.02. Authorization 54 Section 4.03. No Conflict or Violation 55 Section 4.04. Consents and Approvals 55 Section 4.05. Absence of Litigation 56 Section 4.06. Compliance with Laws 56 Section 4.07. Financial Ability 56 Section 4.08. Permits 57 Section 4.09. Purchase Not for Distribution 57 Section 4.10. Purchaser’s Knowledge 58 Section 4.11. Brokers and Finders 58 Section 5.01. Conduct of Business 58 Section 5.02. Pre-Closing Access to Information 61 Section 5.03. Post-Closing Access to Information 62 Section 5.04. Confidentiality 63 Section 5.05. Maintenance and Transfer of Books and Records 64 Section 5.06. Governmental Approvals and Filings; Third Party Consents 64 Section 5.07. Further Assurances 67 Section 5.08. Privacy and Data Security Compliance; Use of Information 67 Section 5.09. Reinsurance Contracts 68 Section 5.10. Non-Solicitation of Employees 69 Section 5.11. Non-Competition 70 Section 5.12. Use of Names 72 Section 5.13. Intellectual Property License 73 Section 5.14. Related Party Agreements; Intercompany Balances 73 Section 5.15. Bank Accounts 73 Section 5.16...
Transfer and Acquisition of Assets. 17 Section 2.01. Transfer and Acquisition............................... 17 Section 2.02. Place and Date of Closing............................
Transfer and Acquisition of Assets. 20 Section 2.01. Purchase and Sale of the Transferred Assets ...................................... 20 Section 2.02. Excluded Assets .................................................................................. 21 Section 2.03. Procedures for Assets Not Transferrable ............................................ 23 Section 2.04. Assumption of the Assumed Liabilities .............................................. 24 Section 2.05. Excluded Liabilities ............................................................................ 24 Section 2.06. Place and Date of Closing ................................................................... 25 Section 2.07. Consideration ...................................................................................... 26 Section 2.08. Closing Deliveries ............................................................................... 28 Section 2.09. Adjustment to Initial Transfer Amount after Closing ......................... 31 Section 2.10. Post-Closing Adjustments ................................................................... 35 ARTICLE III.
Transfer and Acquisition of Assets. 1.1 On the terms of this Agreement, subject to the conditions set forth herein at the time and place of Closing, as hereinafter defined, NV12 shall convey, assign, transfer, and deliver to Sickbay, by appropriate warranty deeds, bills of sale, assignments, or other instruments, free and clear of all liens, encumbrances, mortgages, chattel mortgages, all of NV12's business, properties, and assets of every kind and description, real or personal, including, but not being limited to, NV12's goodwill and all of its right, title, or interest in and to the name, XX00.Xxx. Inc., (collectively the "Assets") subject to certain specified unpaid and unsatisfied liabilities and obligations of NV12 in existence at the time of closing.
1.2 On the terms of this Agreement, and subject to the conditions set forth herein, Sickbay shall purchase and acquire the Assets of NV12, and thereby become the sole owner and operator of all of the assets, businesses and properties of NV12.
Transfer and Acquisition of Assets. 18 2.01. Transfer and Acquisition......................... 18 2.02.
Transfer and Acquisition of Assets. 20 2.01. Cash Consideration . . . . . . . . . . . . . . . . . . . . . 20 2.02. Acquisition of Transferred Assets and Assumption of Assumed Liabilities . . . . . . . . . . . . . . 20 2.03. Place and Date of Closing; Balance Sheets. . . . . . . . . . 22 2.04. Post-Closing Adjustments . . . . . . . . . . . . . . . . . . 26 2.05. Closing Items. . . . . . . . . . . . . . . . . . . . . . . . 28
Transfer and Acquisition of Assets. 11 Section 2.01
Transfer and Acquisition of Assets
