Examples of Existing Venture in a sentence
No later than one hundred twenty (120) days after the Closing Date, the Company shall cause to be prepared and delivered to Seller an unaudited balance sheet with respect to the Property and the Existing Venture as of the Proration Date (the "PRORATION DATE BALANCE SHEET" and, together with the Preliminary Proration Date Balance Sheet, the "CLOSING BALANCE SHEETS"), showing Closing Net Equity.
Such right shall include the right to have Licensed Products designed and developed by a third Person for the manufacture, use, sale or lease by Existing Venture Companies, provided such third Person is not a Competing Company.
Prior to the Closing Seller shall pay, distribute, release or otherwise eliminate any and all intercompany debt or accounts between the Existing Venture and Seller or any Affiliate of Seller.
For the purposes of this Agreement, "knowledge" (including "actual knowledge" and other similar terms) with respect to Seller and the Existing Venture shall mean matters as to which any of the following individuals have actual knowledge without any duty or responsibility to make any inquiry, review or investigation: (a) John Xxxxxxxxx, (x) Robexx X.
Furthermore, such right shall also include the right to have Existing Venture Royalty Products designed and developed by a third Person for the manufacture, use, sale or lease by Existing Venture Companies, provided such third Person is not a Competing Company.