Examples of HDD Business in a sentence
In furtherance of the foregoing and subject to applicable Law, Company and Parent shall confer, as promptly as practicable, prior to taking any material actions or making any material management decisions with respect to the conduct of the HDD Business during the foregoing period.
Since December 31, 1997, neither Parent, Spinco nor any of their respective Subsidiaries has received any communication (written or oral), whether from a Governmental Authority, citizens' group, employee or otherwise, indicating that the HDD Business is not in such compliance, except where failures to be in compliance would not, in the aggregate, reasonably be expected to have a Material Adverse Effect on Spinco or the HDD Business.
To the knowledge of Parent, no investigation or review by any Governmental Authority is pending or threatened against Parent or its Subsidiaries, nor has any Governmental Authority indicated an intention to conduct the same, except for investigations which, neither individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect on the HDD Business or Spinco.
Except as would not be material to the HDD Business, there are no controversies pending or, to the knowledge of Parent, threatened, between Parent or any of its Subsidiaries and any of their respective employees.
The HDD Assets, together with the Parent Intellectual Property and the rights conferred under the contracts assigned to (or the economic benefits of which are conferred on) Spinco in the Separation pursuant to the Separation Documents, constitutes and includes all of the property and assets, tangible and intangible, and all agreements and rights, used in the HDD Business, or necessary for the conduct of the HDD Business, as the HDD Business is currently conducted.
Company Business" means any business of Company other than the HDD Business.
For purposes of this Section 3(a), taxes shall be allocated between the DSS Business and the HDD Business as described in Section 1.
Quantum shall make this allocation in a manner consistent with its prior practice, using the method described in section 1.1502-32(b)(3)(iv)(D) of the Treasury regulations and treating the HDD Business and the DSS Business as though they had been conducted by separate members of the Quantum Group.
To the extent that any contract or contractual or similar rights material to the HDD Business are not assignable without the consent of another party, this Agreement shall not constitute an assignment or an attempted assignment thereof, or thereunder, if such assignment or attempted assignment would constitute a breach thereof, until the necessary consents are obtained.
Within 30 days after filing a tax return for any taxable period beginning before the date of the Distribution Date, Quantum shall allocate the tax liability for the period covered by the return between the HDD Business and the DSS Business and notify Spinco of the allocation.