Examples of Purchased Company in a sentence
Prior to the Closing, the Company shall purchase tail insurance coverage which shall provide coverage for the individuals who were Indemnified Persons of any Purchased Company prior to the Closing not less favorable than the coverage provided by the policy or policies maintained by such Purchased Company immediately prior to the Closing for the benefit of such individuals.
There shall have been no Material Adverse Change with respect to a Purchased Company.
Since the Corporation's Balance Sheet Date, no Purchased Company has, directly or indirectly, declared or paid any dividends or declared or made any other distribution on any of its shares of any class and, directly or indirectly, redeemed, purchased or otherwise acquired any of its shares of any class or agreed to do so.
No Purchased Company (or anyone acting on its behalf) has stored, treated, transported or disposed of any hazardous substance other than in a safe manner in accordance with applicable law.
Since the date of the Reference Balance Sheets, each Purchased Company has paid its accounts payable in the ordinary course of its business and in a manner which is consistent with its past practices.