Examples of Business Subsidiaries in a sentence
The Business and the Business Subsidiaries have policies of insurance issued by an insurer that Seller believes is financially sound and reputable of the type and in amounts Seller believes is customarily carried by Persons conducting businesses or owning assets similar to those of the Business.
Seller has heretofore made available to Purchaser and Purchaser's Subsidiary complete and correct copies of the certificate of incorporation and by-laws of Seller and the Business Subsidiaries as presently in effect or other organizational documents.
Purchaser acknowledges that Seller has given Purchaser and its representatives the opportunity to ask questions of Seller and the Business Subsidiaries and to acquire such additional information regarding the Business and its financial condition as Purchaser has requested.
All such policies are in full force and effect, all premiums due thereon have been paid and the Business and the Business Subsidiaries are otherwise in compliance in all material respects with the terms and provisions of such policies.
Except for their respective interests in the Business Subsidiaries, none of the Transferred Companies will own, as of immediately prior to the Closing after giving effect to the Internal Reorganization, directly or indirectly, any capital stock or other equity or voting interests of any Person.