Continental Business definition
Examples of Continental Business in a sentence
The proceeds of the Loans will be used solely (i) to repay indebtedness to MBMJ Capital LLC dba Continental Business Credit, in an amount not to exceed $500,000 (ii) to fund expenses in connection with this Agreement and (iii) for general working capital purposes.
Prior to the Closing, Hardy shall have caused the Company to satisfy all of its obligations and pay all amounts related to the Loan and Security Agreement between Continental Business Credit, Inc.
Except for the Intellectual Property that is being assigned pursuant to the Assignment Agreement, Continental owns, or is licensed to use, that Intellectual Property currently used in the conduct of the Continental Business, and Mattituck owns, or is licensed to use, that Intellectual Property currently used in the conduct of the Mattituck Business.
The Seller, through its wholly-owned indirect subsidiary, Teledyne Mattituck Services, Inc., a Delaware corporation (“Mattituck”), serves as an aftermarket supplier and piston engine overhauler to the general aviation aircraft marketplace (the “Mattituck Business”, and together with the Continental Business, the “Business”).
The Stockholders agree to indemnify and hold SFAD harmless from any and all loss or damages, including a reasonable attorney's fee and court costs at all trial and appellate levels, arising out of any claim against SFAD for brokerage or other compensation by a party claiming such compensation by reason of its relationship with the Stockholders other than Continental Business Sales, Inc.
The Stockholders represent to SFAD that they know of no person or entity entitled to a commission, broker's fee, finder's fee or other compensation in connection with this transaction other than Continental Business Sales, Inc., whose fee is being paid by SFAD.
Schedule 4.11 of the Disclosure Schedules identifies each material patent and trademark currently used in connection with the Continental Business or the Mattituck Business (the “Intellectual Property”).