Examples of Company Assets in a sentence
Except as set out in Schedule 3.1(10) to the Disclosure Letter and documents to be entered into to give effect to the Pre-Closing Reorganization, there is no agreement or, option outstanding in favour of any Person for the purchase from the Vendor, GCL (if not the Vendor) or the Company of any material Non-Real Property Company Assets.
In advance of the Closing (as defined herein), GCL and a company to be formed by GCL (the “Company”) shall complete the Pre-Closing Reorganization (as defined herein), such that the Company is to become the registered and beneficial owner of all of the Company Assets.
Following the Pre-Closing Reorganization, the Company Assets owned and/or leased by the Company will constitute all of the property and assets used or held for the exclusive use in connection with the business of the Mine and are sufficient to permit the continued operation of the Mine in all material respects as conducted as of the date of this Agreement and as of the date immediately prior to the Closing, except as contemplated in the Transition Services Agreement or the Asset Purchase Agreement.
No receiver has been appointed in respect of any of the Vendor, GCL (if not the Vendor) or the Company or any of their respective property or assets and no execution or distress has been levied upon any material Company Assets.
There have not been aggregate sales from the Company Assets into the United States of greater than $119,500,000 in the fiscal year ending December 31, 2023.