Operational Companies definition
Examples of Operational Companies in a sentence
As soon as practically possible following the Closing, the Group Companies shall have all the intellectual property rights necessary for the operation of the Group Companies registered under the name of the WFOE, except for those domain names and trademarks which need to be registered under the Domestic Company and the Other Domestic Operational Companies for the conduct of its business.
As soon as practically possible following the Closing, the Group Companies shall, and the Founders shall cause the Group Companies to have all the intellectual property rights necessary for the operation of the Group Companies registered under the name of the WFOE, except for those domain names and trademarks which need to be registered under the Domestic Company and the Other Domestic Operational Companies for the conduct of its business.
The Parties acknowledge and agree that the Base Acquisition Price was defined based on the assumption that, on August 31, 2020, the Easynvest Companies, the Easynvest Operational Companies and the Broker, however the case may be, have defined the Minimum Own Funds, the Maximum Debt, the Minimum Equity and the Minimum Basel Index.
Except as set forth on Schedule 3.13, there are no material Actions pending or, to the Company’s knowledge, threatened in writing against any of the Operational Companies.
Since the Health Care Look Back Date, to the extent that any Operational Companies and Joint Venture Entities have identified any overpayments from any Federal Health Care Program, such Person has notified the applicable Governmental Authority and returned such overpayments when required and in compliance with applicable Health Care Laws.
None of Operational Companies has received any written notice that the current use and occupancy of the Leased Real Property violates any Law in any material respect, and to the Company’s knowledge, no such violations exist.
The Operational Companies have provided to the Purchaser complete and accurate copies of all such compliance program materials.
Schedule 3.13 sets forth a list and description of any material settlements of any Actions occurring since the Look Back Date, including any settlement resulting in any restriction on the business or operations of the Operational Companies.
Except as set forth on Schedule 3.21, no related party of the Operational Companies, nor any officer, director, equityholder, employee or agent thereof, or any of their respective Affiliates, is or has been a party to any Contractual Obligation with the Operational Companies or the Joint Venture Entities, or receives or has received any payment or benefit from any Operational Company or the Joint Venture Entities.
The Operational Companies and Seller shall coordinate and cooperate with Purchaser in exchanging such information and providing such assistance as Purchaser may reasonably request in connection with all of the foregoing.