MBC Business definition

MBC Business means the entire business of the Sellers described in Exhibit C attached hereto. For purposes of this Agreement, the MBC Business does not include the Retail Business.
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Examples of MBC Business in a sentence

  • Each Seller is duly qualified to do business as a foreign corporation in all other jurisdictions where the nature of its business requires such qualification, except where the failure to so qualify could not result in a Material Adverse Effect with respect to such Seller’s MBC Business.

  • Each Seller’s MBC Business has been operated in material compliance with all applicable laws, rules, regulations, codes, ordinances, orders, policies and guidelines of all Governmental Authorities.

  • Schedule 4.6 sets forth a true and complete list of all Leased Real Property and lists all lease agreements (including all amendments and modifications thereto) pursuant to which the Sellers lease, sublease, license or otherwise occupy the Leased Real Property (each a “Lease”, collectively, the “Leases”), which are part of the Purchased Assets and the MBC Business, and the amount remaining, if any, in the “improvement fund” established under the lease for the West C▇▇▇▇▇▇▇, New Jersey property.

  • All accounts payable have arisen in the ordinary course of each Seller’s MBC Business.

  • With respect to all licensed Proprietary Rights included in the Purchased Assets, the Sellers have the valid right to use such licensed Proprietary Rights in the MBC Business.

  • The books and records of each of the Sellers pertaining to the Purchased Assets and the MBC Business, including, but not limited to, financial books and records, are complete and accurate in all material respects and do not contain or reflect any material inaccuracies or discrepancies and have been maintained in accordance with GAAP and good business and accounting practices.

  • Such policies provide for coverage that is standard in the industry of which the MBC Business is a part.

  • For the avoidance of doubt, the Purchased Assets relate only to each Seller’s MBC Business and not to any other business of any Seller, including, without limitation, the Retail Business.

  • There is no action, case or proceeding pending or, to any Seller’s Knowledge, threatened, by any Governmental Authority with respect to (i) any alleged violation by the Seller of any law, rule, regulation, code, ordinance, order, policy or guideline of any Governmental Authority relating to any Seller’s MBC Business, or (ii) any alleged failure by any Seller to have any permit, license, approval, certification or other authorization required in connection with the operation of any Seller’s MBC Business.

  • Those MBC Business Employees rejected as a result of the above checks will not be hired by Purchaser.