Asset Sellers definition

Asset Sellers means, individually or collectively, those Affiliates of Parent that own Purchased Assets, each of which is identified in Section 1.01 of the Seller Disclosure Schedule under the heading “Asset Sellers” as of the Agreement Date or as may be supplemented following the Agreement Date in accordance with Section 5.19.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Asset Sellers shall have the meaning set forth in the Preamble.

Asset Sellers has the meaning specified in the Recitals.

Examples of Asset Sellers in a sentence

• The Company Acquired Assets of the Company Business that are located in Mexico and subject to a temporary importation customs regime shall be transferred by the applicable Company Asset Sellers to the applicable Company Asset Buyers in full compliance with any legal and/or administrative provision that may apply in order to, when applicable, preserve the relevant Acquired Assets’ temporary importation customs status.

• Any books, records (including Tax records) and other materials primarily relating to Excluded Assets or Retained Liabilities, or that any Asset Seller is required by Law to retain (provided that the Asset Sellers shall provide Buyers with copies of the same), all Tax Returns of any Asset Seller for time periods prior to Closing, and related work papers.

• Each of the Sale Companies possess all Permits necessary to own, lease and operate its assets and conduct the applicable Business as currently conducted, and the Asset Sellers possess all Permits necessary to own, lease and operate their respective Acquired Assets except as would not reasonably be expected to result in a Material Adverse Effect.

• The GM Acquired Assets that are located in Mexico and subject to a temporary importation customs regime shall be transferred by the applicable GM Asset Sellers to the applicable GM Asset Buyers in full compliance with any legal and/or administrative provision that may apply in order to, when applicable, preserve the relevant GM Acquired Assets’ temporary importation customs status.

• Schedule 4.8.2 lists the address of all real property owned by any of the GM Sale Companies or GM Asset Sellers or which constitutes GM Acquired Assets (the “GM Owned Real Property”).

More Definitions of Asset Sellers

Asset Sellers means the GM Asset Sellers and the Company Asset Sellers, as applicable.

Asset Sellers shall have the meaning set forth in the Recitals to the Agreement.

Asset Sellers means, individually or collectively, the Affiliates of the Stockholder set forth on Section 9.1 of the Company Disclosure Schedule under the heading, “Asset Sellers,” and any additional Affiliates of the Stockholder that may be added as parties hereto following the date hereof as owners of Purchased Assets in accordance with Section 5.10.

Asset Sellers means Parent and each Subsidiary of Parent listed on Exhibit 12.1(B).

Asset Sellers means Honeywell, HON Korea, HON Czech, HON Czech Aero, HON China, HON India, HON England, HON Germany and HON Japan.

Asset Sellers shall have the meaning set forth in the preamble of this Agreement.

Asset Sellers means each of the Persons listed under such heading on Schedule I attached hereto, including, for the avoidance of doubt, the Intellectual Property Seller.