Labor Company definition
Examples of Labor Company in a sentence
Section 3.25 of the Seller Disclosure Schedule sets forth an accurate and complete list of all certificates of insurance, binders for insurance policies and insurance maintained by any Acquired Company or the Labor Company, or under which any Acquired Company or the Labor Company has been the beneficiary of coverage at any time within the past five years.
The Leased Real Property constitutes all such property used in or necessary to conduct the businesses of the Acquired Companies and the Labor Company as conducted and as currently planned to be conducted by the Acquired Companies and the Labor Company.
All premiums due and payable under such certificates of insurance, binders and policies have been paid and the Labor Company and each Acquired Company is otherwise in material compliance with the terms thereof.
No Acquired Company or the Labor Company has guaranteed or become subject to a similar contingent obligation in respect of the Liabilities of any other Person.
To the Sellers’ Knowledge, no claim has ever been made by a Governmental Authority in a jurisdiction where any Acquired Company or the Labor Company does not file a Tax Return that such Acquired Company or the Labor Company is or may be subject to taxation by that jurisdiction.
All of the outstanding equity securities and other securities of the Labor Company are owned of record and beneficially by the Persons set forth in Section 3.4(c) of the Seller Disclosure Schedule, free and clear of all Encumbrances, in the respective amounts set forth in Section 3.4(c) of the Seller Disclosure Schedule.
Furthermore, there are no Proceedings pending or threatened with respect to hiring, promotion, dismissal or any kind of employment termination of employees of any Acquired Company or the Labor Company.
Such notes and accounts receivable will as of each Closing Date be current and collectible, net of the respective reserves shown in the corresponding line items on the applicable Financial Statements referenced in Section 3.5 or on the accounting records of the Acquired Companies and the Labor Company as of each Closing Date, as the case may be (which reserves have been calculated consistent with the past custom and practice of the Acquired Companies and the Labor Company).
Except as set forth in Section 3.12(b) of the Seller Disclosure Schedule, none of any Acquired Company, the Labor Company or any Seller Party has granted to any Person the right to use or occupy any portion of any parcel of Leased Real Property, and the Acquired Companies and the Labor Company have received no notice, and the Acquired Companies and the Labor Company have no Knowledge, of any claim of any Person to the contrary.
The Acquired Companies and the Labor Company have all material permits, licenses, approvals and consents necessary in order for the Acquired Companies and the Labor Company to lawfully conduct the Other Business Activities.