Selling Companies definition
Examples of Selling Companies in a sentence
No party to any Acquired Intellectual Property License has given any of the Selling Companies notice of its intention to cancel, terminate or fail to renew any such Acquired Intellectual Property License.
In the three (3) years preceding this Agreement, there has not been any suit, action or other proceeding, and to Sellers' Knowledge, no suit, action or other proceeding is pending or threatened, against them concerning any claim that the ALSS Platform infringes or violates the Intellectual Property rights of any other Person, or that any of the Selling Companies has breached any Acquired Intellectual Property License.
To Sellers' Knowledge, there have been no releases, spills and discharges of Hazardous Substances that could reasonably be expected to require either reporting or remediation, or to result in liability pursuant to any Environmental Law on or underneath any Purchased Asset which is real property owned or leased by any of the Selling Companies.
Nothing in this provision shall prohibit the sale of the Retained Servicing Portfolio provided that the Selling Companies comply with the procedures of Section 8.4 of the Retained Portfolio Subservicing Agreement as if such provisions were operative and in effect.
The Selling Companies are the only owners of, and have valid title to, each Acquired Warehouse Loan, free and clear of all Liens, except Permitted Liens.