Purchaser Parents definition
Examples of Purchaser Parents in a sentence
Mardan Afrasiabi shall have, at Purchaser Parent's discretion, either accepted employment with Purchaser or remained employed with the Company under employment terms including customary non-solicitation and non-competition provisions.
The obligations of the Purchaser Parents under the guarantee in this Section 6.12 are several (and not joint and several) and in respect of any liability under it, IPR shall be responsible for seventy percent (70%) of such liability and Mitsui shall be responsible for thirty percent (30%) of such liability.
If in connection with the foregoing, any Seller is required to refund part or all of any payment of Purchaser, such payment by such Seller shall not constitute a release of Purchaser Parent from any liability hereunder, and Purchaser Parent's liability hereunder shall be reinstated to the fullest extent allowed under Applicable Law and shall not be construed to be diminished in any manner.
If in connection with the foregoing, any Seller or its Affiliates is required to refund part or all of any payment of any Purchaser Party or any Purchaser Designee, such payment by any of them shall not constitute a release of any Purchaser Parent from any liability under this Section 6.12, and each Purchaser Parent's liability under this Section 6.12 shall be reinstated to the fullest extent allowed under Applicable Law and shall not be construed to be diminished in any manner.
Purchaser Parent has made available to Sellers: (i) a copy of Purchaser Parent's audited consolidated balance sheet as of December 31, 2003 and (ii) a copy of the Purchaser Parent's unaudited consolidated balance sheet as of July 31, 2004 (collectively, the "Purchaser Parent Financial Statements").
Purchaser, Parents and Seller agree to deliver a “Joint Written Direction” to the Escrow Agent pursuant to Section 5(e) of the Indemnity Escrow Agreement on the Effective Date to direct the Escrow Agent to release and distribute to Seller all amounts remaining in the Escrow Fund held by the Escrow Agent in the Escrow Account established pursuant to the Indemnity Escrow Agreement.
In no event shall the Transitional Assistance unreasonably interfere with the Transitional Personnel’s duties and responsibilities to Purchaser, Parents or any of their Affiliates.
All corporate action on the part of Purchaser Parent and its officers, directors and shareholders necessary for the authorization, execution, delivery and performance of this Agreement, and the performance of all of Purchaser Parent's obligations under this Agreement has been taken.
The financial statements contained therein were prepared in accordance with generally accepted accounting principles consistently applied, and reflect all adjustments which, in Purchaser Parent's opinion, are necessary for the fair presentation of the results of operations and financial condition for such periods.
The Purchaser Parent's equity-incentive plan shall be submitted to the Israeli Tax Authority for purposes of Section 102 and all actions reasonably necessary to make grants thereunder shall be taken as soon as reasonably practicable after the Effective Date, and no later than 60 days thereafter.