Examples of Closing Date IP in a sentence
On the Closing Date, IP SHAREHOLDERS shall deliver to Guppy a Release, in form and content substantially similar to that attached hereto as Exhibit 2.2, which provides for the complete release and termination of all rights the IP SHAREHOLDERS or their Affiliates has in Guppy or otherwise in any properties owned or controlled by Guppy or its Affiliates.
On the Closing Date, IP Holder shall file and record, or shall cause to be filed and recorded, financing statements and other filing or recording documents or instruments with respect to the Guarantee Collateral in each foreign jurisdiction appropriate to perfect the security interests of the Indenture Trustee under this Agreement.
Depreciation on other investment properties is calculated using the straight-line method to allocate their costs to their residual values over their estimated useful lives, as follows: Buildings 25 years Fair value of land is determined based on recent market transactions on arm’s length terms and fair value of building under construction approximates its carrying amount.
Sellers have sole ownership of the Securities free and clear of all Encumbrances (other than Encumbrances to be discharged at Closing upon the discharge by Buyers of Closing Date Debt or Closing Date IP Debt and restrictions on transfer pursuant to applicable securities Laws).
Except for Liabilities (a) reflected on or adequately reserved against on the Recent Balance Sheet; (b) other than with respect to Indebtedness, incurred in the Ordinary Course of Business since the date of the Recent Balance Sheet; or (c) included in the calculation of Final Closing Date Net Working Capital, Closing Date Debt or Closing Date IP Debt, the Acquired Companies have no Liabilities of the nature required to be disclosed in a balance sheet prepared in accordance with GAAP.