Asian Business definition

Asian Business means the collective reference to (a) equity owned in, and the assets and liabilities of (including the operations being conducted by), Bloomin Hong Kong Limited and its Subsidiaries, (b) equity owned in, and the assets and liabilities of (including the operations being conducted by), Outback Steakhouse Japan Co., Ltd. and its Subsidiaries, (c) equity owned in, and the assets and liabilities of (including the operations being conducted by), Outback Steakhouse Korea, Ltd. and its Subsidiaries, (d) other assets owned by Holdings, the Borrower or any other Restricted Subsidiary that are directly related to (i) the operation of any of the businesses referred to in the preceding clauses (a), (b) and/or (c) or (ii) operations conducted by any Person in any of the Target Sales Countries, provided that such other assets shall only be included in this clause (d) if a Disposition of such assets would not materially interfere with the business of Holdings, the Borrower and its Restricted Subsidiaries and (e) rights to develop and/or franchise businesses located in the Target Sale Countries, provided, however, that assets and rights described in clauses (d) and (e) of this definition shall only be included in the definition of “Asian Business” to the extent such assets and/or rights are disposed of in connection with the Disposition of any business referred to in clauses (a), (b) and/or (c) above.
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Asian Business means the businesses to be operated by the Asian Group after Financial Close, including:
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Asian Business means the businesses of MagneTek Hong Kong and MagneTek China.
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Examples of Asian Business in a sentence

  • BAMSI shall obtain, at its own expense, as of the Closing or as soon thereafter as practicable, all permits, licenses or authorizations required by any governmental agency with respect to such Asian Business or related Assets without any guaranty or liability of Bank with respect thereto, except for those permits, licenses or authorizations which can be assigned by Bank at the Closing without the consent of any third party.

  • Bank's insurance coverage for such Asian Business and the related Assets shall cease as of such Closing as to losses arising from events occurring on or after the date thereof.

  • After the Closing for each Asian ------------------ Business, Bank will, at BAMSI's reasonable request and without further consideration, except for reimbursement of out-of-pocket expenses, execute such additional instruments of conveyance and transfer and provide to BAMSI such additional documents as BAMSI may require to effect or evidence the transfer of such Asian Business and related Assets to BAMSI.

  • As a part of the Closing ----------------------------------- for each Asian Business, BAMSI and Bank shall modify the Marketing Agreement and the Administrative Services Agreement to provide for the inclusion of such Asian Business within the provisions thereof on mutually agreeable terms.

  • Bank owns and operates merchant ------------------------------------ processing businesses in Thailand (the "Thailand Business") and the Philippines (the "Philippines Business" and together with the Thailand Business, the "Asian Businesses" and individually, each an "Asian Business"), Taiwan (the "Taiwan Business"), India (the "Indian Business") and South Korea (the "Korean Business").

  • Title to and risk of --------------------------------------- loss or damage to the Assets for each Asian Business shall pass to BAMSI at the Closing for such Asian Business.

  • Subsequent to the Closing, Bank shall have the right to cancel any permits, licenses or authorizations and bonds or guarantees related thereto which are applicable to such Asian Business or related Assets but are unable to be assigned within 90 days from the Closing.

  • Bank shall, prior to each Closing ------------------------- for an Asian Business, acquire from its Affiliates and sell, assign, convey or transfer to BAMSI, without additional consideration from BAMSI, and BAMSI shall, at each such Closing, acquire from Bank, subject to transfer at the Closing, all of such Affiliates' right, title and interest, if any, in any of the Assets related to such Asian Business.

  • The purchase price to be paid by BAMSI to acquire an Additional Asian Business will be mutually agreed upon by BAMSI and Bank prior to any such acquisition, and may consist of cash, Common Stock of BAMSI or any combination thereof.

  • BAMSI agrees that it will offer employment to every employee of such Asian Business.