Examples of Sold Companies in a sentence
Each of the Sellers and the Sold Companies is a corporation duly incorporated, validly existing and in good standing under the Laws of its jurisdiction of incorporation.
The parties agree that the Sold Companies shall not have the benefit of or access to any insurance policies of Seller or its Affiliates, including the self-insurance programs maintained by Seller or any of its Affiliates.
Without limiting the generality of the foregoing, Buyer shall and shall cause the Sold Companies to reasonably cooperate with Seller, its Affiliates and their counsel in connection with the prosecution, contest or defenses of any Proceedings, including making available its personnel and providing such testimony as shall be reasonably necessary in connection with such prosecution, contest or defense.
Prior to the Effective Time, to the extent possible and permissible under applicable Law, net cash of the Sold Companies may be distributed under the form of capital reductions or dividends or may be lent to other Sold Companies that would otherwise be in a borrowing position vis-à-vis Seller or any of its Subsidiaries (other than the Sold Companies) or may be otherwise removed from any Sold Company pursuant to Section 5.15(c).
For a period of two (2) years following the Closing, Buyer shall, and shall cause the Sold Companies to, use commercially reasonable efforts to collect balances due on the Equatorial Guinea Receivable.