Examples of Neptune Entities in a sentence
Sellers agree to transfer any RADARSAT Insurance Proceeds actually received by any Seller (or any of their respective Affiliates, other than the Neptune Entities) to a Neptune Entity (or, in the case of RADARSAT Insurance Proceeds received after the Closing Date, to an account designated by the Purchaser), and will cause any such amounts to be held in an account of the applicable Neptune Entity at the Closing.
Except as would not reasonably be expected to be material and adverse to the Neptune Entities, taken as a whole, all insurance programs of the Neptune Entities are in full force and effect and are valid and enforceable and all premiums due thereunder have been paid.
As of the date of this Agreement, except as set forth in Section 3.5 of the Seller Disclosure Schedules, there are no Proceedings or claims pending or, to the Knowledge of Sellers, threatened in writing, against the Neptune Entities, or the Sellers with respect to the Business, that would reasonably be expected to have a Business Material Adverse Effect.
The Neptune Entities have fee simple, insurable title to all Neptune Owned Real Property, free and clear of all Encumbrances, except Permitted Encumbrances.
Effective upon, and only upon, the Closing, the Confidentiality Agreement shall terminate with respect to Evaluation Material and Discussion Information (each as defined in the Confidentiality Agreement) that relates exclusively to the Neptune Entities and the rights, properties and assets of the Neptune Entities; provided that Purchaser acknowledges that its other obligations thereunder shall continue to remain subject to the terms and conditions of the Confidentiality Agreement.
Save and except for the items set forth in Exhibit "A" to Schedule R attached to this Agreement, since March 1, 2000 and up to the date hereof, there has been no material adverse change in the financial position of the Neptune Entities, except changes occurring in the ordinary course of its business.
The Neptune Entities, as applicable, have valid title to the Transferred Owned Real Property, free and clear of all Liens, other than Permitted Liens.
From and after the Closing, Purchaser shall be responsible for securing all insurance it considers appropriate for the Neptune Entities and the operations, assets and Liabilities of the Business.
Except to the extent otherwise required pursuant to a “determination” (within the meaning of Section 1313(a) of the Code or any similar provision of state, local or foreign Law), Sellers, Purchaser, the Neptune Entities and their respective Affiliates shall treat any and all payments under Section 2.5 and Article IX as an adjustment to the Purchase Price for Tax purposes.
Each of the Sellers and the Neptune Entities is qualified or otherwise authorized to do business under the Laws of each jurisdiction in which such qualification or authorization is necessary under applicable Law and has all necessary organizational power and authority to carry on the Business as presently conducted, except where the failure to have such power and authority would not reasonably be expected to be material and adverse to the Neptune Entities, taken as a whole.