Examples of Purchased Agreements in a sentence
Immediately after the Closing, in addition to copies of the Purchased Agreements delivered to Buyer as part of the transactions contemplated by this Agreement, Seller shall deliver to Buyer or destroy copies of any Purchased Assets in Seller’s possession or control that are primarily or exclusively related to the Business, whether such copies are in paper form, on computer media or stored in another form; provided, however, that Seller may retain copies of the Assigned Agreements.
Each of the Purchased Agreements is in full force and effect and has not been modified by the parties thereto through any agreement, understanding or course of conduct.
The Purchased Accounts Receivable (i) are valid and existing, (ii) represent monies due for goods sold or services rendered by Seller, or, in the case of Deferred Revenues, goods to be sold or services to be rendered, in any case pursuant to the Purchased Agreements, (iii) are not subject to any defenses, rights of set-off, assignment, restrictions or Liens and (iv) do not include any amounts owed to Seller by an Owner or any director, officer or employee of Seller or any relative of any such Person.
All of the Purchased Agreements, the Equipment Leases and the Leases are legal, binding, valid, enforceable, and in full force and effect.
On the terms and subject to the conditions set forth herein, at the Closing, Purchasers shall assume, and agree to pay, perform and discharge in due course, those liabilities and obligations of Sellers with respect to the Purchased Agreements, but in each case only to the extent that such obligations under the Purchased Agreements accrue and relate to periods beginning on or after the Closing Date (as hereinafter defined) (such obligations, the “Assumed Liabilities”).
Information concerning retail repurchase agreements and federal funds purchased is as follows: 1997 1996 --------------------------------- -------------------------------- Retail Federal Retail Federal Repurchase Funds Repurchase Funds Agreements Purchased Agreements Purchased --------------- --------------- --------------- -------------- Balance at December 31 ..................
Except for the Purchased Agreements, the Continuing Agreements and the HRP Agreement, there is no contract, agreement, lease, permit, commitment, arrangement or other instrument to which any Seller is a party which is necessary to conduct the Business as presently conducted, or that otherwise affects the Business in any material way.
Sellers shall meet all of their contractual obligations under the Purchased Agreements and the Continuing Agreements.
The execution, delivery and performance of this Agreement, including without limitation the assignment of the Purchased Agreements, by Seller and KFM do not require any consents or approvals by any contract party other than such consents and approvals identified in Section 4.3 which have been secured.
Represents the pro forma impact of amortization expense related to the customer relationship and the Purchased Agreements intangible assets.