MHE Business definition
Examples of MHE Business in a sentence
From October 31, 1997 to and including the Closing Date, there shall have been no material adverse change in the business, assets, properties, condition (financial or otherwise) or prospects of the MHE Business or the Company and its Subsidiaries, taken as a whole, or in the industries in which they compete, other than the Transaction and the obligations incurred under the Credit Documents.
The Company will not, and will not permit any of its Subsidiaries to, engage in any business other than the business conducted by the Company and its Subsidiaries prior to the Closing Date, the MHE Business and any businesses or activities similar or reasonably related thereto.
To the Knowledge of the Specified Employees, the MHE Business has been conducted in compliance with the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations promulgated thereunder.
None of the Sellers, HarnCo nor any of their Affiliates will take any action that is designed or intended to have the effect of discouraging any lessor, licensor, customer, supplier or other business associate of any of the MHE Business from maintaining the same business relationships with the MHE Business after the Closing as it maintained with the MHE Business prior to the Closing.
Neither HII, HarnCo, the Sellers, the Companies nor any of the Companies' Subsidiaries shall make any new elections with respect to Taxes, or change any current elections with respect to Taxes, that adversely affect the Companies, their Subsidiaries or the MHE Business.
To the Knowledge of the Specified Employees, as of the date hereof, there has not been and there is not any unauthorized use, infringement or misappropriation by any third party, employee or former employee of the MHE Business of any Intellectual Property owned by the Companies or their Subsidiaries, except as would not have a Material Adverse Effect.
The Companies shall use commercially reasonable efforts to maintain in effect through the Closing Date the property damage, liability and other insurance policies set forth on Schedule 4(t) of the Disclosure Schedule with respect to the MHE Business.
HarnCo and Sellers shall use commercially reasonable efforts to and shall cause each of the Companies and their Subsidiaries to use commercially reasonable efforts to keep the MHE Business and its properties substantially intact, including its present operations, physical facilities, working conditions and relationships with lessors, licensors, suppliers, customers and employees.
Until the Termination Date, Investor and MHE shall afford HarnCo and Sellers access to those employees of Investor or MHE (or any of their Affiliates) who are familiar with the MHE Business.
The Companies or one of their Subsidiaries holds or owns all material Licenses the Companies and their Subsidiaries must have to conduct the MHE Business as presently being conducted.