CID Business definition
Examples of CID Business in a sentence
The Leased Real Property constitutes all real property used or held for use by the Company in the operation of the CID Business as currently operated.
To the Company’s Knowledge, no Seller Party is aware of any condition, event or circumstance concerning the Release or regulation of Hazardous Materials that would reasonably be expected after the Closing Date, to prevent, impede or materially increase the costs associated with the ownership, lease, operation, performance or use of the CID Business as currently conducted.
The Company holds all material Permits necessary for the Company to own, lease and operate its properties and assets and conduct the CID Business as presently conducted.
The assets and properties of the Company, including the assets and properties used or held by the Company pursuant to leases, licenses and other Contracts, constitute all of the assets and properties sufficient and necessary for the conduct of the CID Business as it is currently conducted.
The Company is in compliance in all material respects with, and has been at all times during the past five years in compliance in all material respects with, all Laws, Orders and material Permits applicable to the Company, the CID Business or any of its properties or assets or the employees and other service providers conducting the CID Business.
Except as set forth in Section 2.29(d) of the Seller Disclosure Schedule, no product or service sold by the Company in the CID Business is subject to any material guaranty, warranty, indemnity, rebate, volume discount, or refund term beyond the applicable standard terms and conditions of sale with respect to such product or service, and the Company is not a party to any Contract providing for any such non-standard terms.
Section 2.12(b) of the Seller Disclosure Schedule contains an accurate and complete list of all registered and applied for Intellectual Property which is owned by the Company or used by the CID Business (collectively, the “Registered IP”).
The Company, the conduct of the CID Business as currently and formerly conducted, the processes or business methods used by or at the direction of the Company or any Subsidiary, and the products and services of the Company, have not infringed, misappropriated or otherwise violated the Intellectual Property rights of any Person.