Examples of Asset Selling Entities in a sentence
Seller hereby disclaims any other express or implied representations or warranties with respect to the Conveyed Companies, the Asset Selling Entities, any of their respective Affiliates, the Business, the Purchased Assets and the Assumed Liabilities.
The representations and warranties made by Seller in this Article III are the exclusive representations and warranties made by Seller with respect to the Conveyed Companies, the Asset Selling Entities, the Business, the Purchased Assets and the Assumed Liabilities.
Seller and its Affiliates have obtained each Permit of the Asset Selling Entities and the Conveyed Companies necessary for the conduct of the Business as it is currently conducted, except where the failure to possess any such Permit would not, individually or in the aggregate, be reasonably expected to be material to the Business, the Conveyed Companies and the Purchased Assets, taken as a whole.
No amounts have been called under any of the Surety Bonds or Letters of Credit and, to the Knowledge of Seller, neither the Seller nor any of its Affiliates has received any notice of mandatory recommendation from any insurer or regulatory authority requiring the Conveyed Companies or, with respect to the Business or the Purchased Assets, the Asset Selling Entities to make risk improvements that would, individually or in the aggregate, be reasonably likely to give rise to material capital expenditures.
None of the Conveyed Companies is a party to any Contract, and none of the Asset Selling Entities nor any Conveyed Company is a party to any Assumed Contract, in each case, with Seller or any Affiliate of Seller other than a Conveyed Company, except as will be terminated prior to Closing or is otherwise terminable at will without any material Liability to any party thereto.
Seller, the Company and the Asset Selling Entities, as applicable, have all requisite corporate power and authority to consummate the transactions contemplated by this Agreement and the Ancillary Agreements to which they are a party.
No infringement, misappropriation, or similar claim or Proceeding is pending and Seller, Company and the Asset Selling Entities have not received any written notice or threat of such claim or Proceeding against the Company.
All of the products sold and delivered by the Asset Selling Entities relating to the Business are subject to standard terms and conditions of sale.
The amount carried for allowances, including, without limitation, markdowns, price protection, bad debt allowance and reserves, are sufficient to provide for any losses which may be sustained on realization of the accounts receivable included within the Purchased Assets of the Asset Selling Entities.
As of the date of this Agreement, neither Seller, the Company nor the Asset Selling Entities have transferred ownership of (whether a whole or partial interest), or granted any exclusive right to use any Transferred IP, or any exclusive right to the Licensed IP, to any Person.