Examples of Asian Business in a sentence
Effective as of the Closing for each Asian --------- Business, all employees of such Asian Business will cease to be employees of Bank.
From and after the date of this ---------------------- Agreement until the earlier of the Closing for each Asian Business or until this Agreement shall terminate pursuant to Article XI, except as otherwise agreed in writing, Bank will use reasonable commercial efforts (a) to conduct such Asian Businesses in the ordinary course and in a manner consistent with past practices, except as may otherwise be permitted hereby, or (b) as necessary or appropriate to consummate the transactions contemplated hereby.
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.
If this Agreement is terminated, BAMSI will ------------- not, for a period of five years from the date of this Agreement, use in any manner or disclose to any third party any documents or information regarding the Asian Business or the transactions contemplated by this Agreement, without Bank's prior written consent.
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.
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.
BAMSI agrees that it will offer employment to every employee of such Asian Business.
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").
This Agreement and the transactions ----------- contemplated hereby may be terminated as to any Asian Business at any time prior to the Closing therefor and as to any Additional Asian Business (a) by mutual agreement of Bank and BAMSI in writing, or (b) by Bank or BAMSI on or after December 31, 1997, provided that, with respect to any such Asian Business, one or more of the conditions provided in Article IX of this Agreement shall not yet have been fulfilled by December 31, 1997.
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.