Seller’s Knowledge definition
Examples of Seller’s Knowledge in a sentence
Neither Sellers nor any of their Affiliates (to the extent related to the Business) or the Company or the Company Subsidiaries have received since January 1, 2022 any written, or to the Sellers’ Knowledge, verbal notification from any Governmental Authority of any failure to comply with any applicable Laws or orders of any Governmental Authority, except as would not reasonably be expected to be material to the Company Group, taken as a whole, or the Business, taken as a whole.
To Sellers’ Knowledge, (i) each Lease is in full force and effect and (ii) the Sellers, the applicable Affiliate of the Sellers, the Company or the applicable Company Subsidiary has a valid leasehold interest in the Leased Real Property, free and clear of any Liens (other than Permitted Liens).
None of the Company, the applicable Company Subsidiary, Sellers or the applicable Affiliate of Sellers (as applicable) has received or delivered written (or to Sellers’ Knowledge, oral) notice of any material violation, material breach of or material default under, in each case, which remains unresolved, or the counterparty’s intention to terminate any Material Contract.
To Sellers’ Knowledge, there are no, and in the past three (3) years there have been no, pending or threatened labor union organizing activities with respect to the Business.
To the Sellers’ Knowledge, (i) the Insurance Policies are in full force and effect and (ii) all premiums due and payable on such Insurance Policies have been paid.