DFI Business definition
Examples of DFI Business in a sentence
Purchaser shall have completed its due diligence investigation of, and shall in its reasonable discretion be satisfied with, the Companies, the Sellers, the Shares, the DFI Business, the DFI Alabama Business, the DIA Business, and the Assets, liabilities, prospects, financial condition and other matters of or affecting each of the Companies (including, without limitation, the status and post-closing continuation of the Licenses).
Purchaser shall make, or cause the Companies to make, all payments required with respect to any such Tax Returns; provided, however, that Sellers shall reimburse the Companies on or before the due date of each such payment to the extent the payment relates to the operation of the DFI Business, the DFI Alabama Business or the DIA Business for any period of time ending before the Closing Date.
Except as set forth in the attached Schedule 4.11, all facilities used in connection with the operation of the DFI Business, the DFI Alabama Business and the DIA Business, all of the Assets and all of the Leased Personal Property are currently operating for their respective intended uses and need no major repairs.
The Assets, together with the Leased Property and the Rights, constitute all of the assets used in connection with, and are all of the assets that are necessary for, the operation of the DFI Business, the DFI Alabama Business and the DIA Business.
Except as set forth on the attached Schedule 4.12, the Companies are not in default with respect to or in violation of any order, writ, injunction or decree of any court or other governmental department, commission, board, agency or instrumentality affecting the Companies, the DFI Business, the DFI Alabama Business, the DIA Business, the Assets, the Leased Property or the Rights.
The attached Schedule 1.1(f) contains a true and complete list of all material equipment used in connection with the operation of the DFI Business, the DFI Alabama Business and the DIA Business, other than the Leased Personal Property.
The attached Schedule 1.1(k) lists and sets forth the legal description for all real properties leased or subleased to the Companies for use in connection with the operation of the DFI Business, the DFI Alabama Business and the DIA Business (the "Leased Real Property").
Except as set forth on the attached Schedule 4.22, the Companies, through DCI, have maintained and now maintain insurance with respect to the Assets, Leased Property, the DFI Business, the DFI Alabama Business and the DIA Business, covering property damage by fire or other casualty, and against such liabilities, claims and risks, including, without limitation, workers compensation, and in such amounts as is customary or appropriate in the industry.
The Parties mutually understand, however, that all such insurance policies will cease to cover the Companies' employees and the Assets, Leased Property, the DFI Business, the DFI Alabama Business and the DIA Business after the Closing and that Purchaser or DFI will be responsible for obtaining new insurance policies as of and after the Closing.
Except for the Leased Personal Property, there is no personal property which is leased and which is used in connection with the operation of the DFI Business, the DFI Alabama Business or the DIA Business.