Examples of Southern Business in a sentence
Pursuant to the Southern Option, Time Warner acquired the Southern Business, effective January 1, 1998, for $213 million in cash.
It has been accepted for inclusion in Southern Business Review by an authorized administrator of Digital Commons@Georgia Southern.
Notwithstanding anything to the contrary contained in this Agreement, and regardless of their being reflected on the Balance Sheet, intercompany obligations attributable to the Southern Business (if any) other than trade receivables and payables shall not be included in any of the Purchased Assets, Assumed Liabilities, Working Capital, Estimated Closing Working Capital Statement or Closing Working Capital Statement.
Substantially all of the Inventories recorded on the Balance Sheet consist of, and substantially all Inventories related to the Southern Business on the Closing Date will consist of, items of a quality usable or saleable in the normal course of the Southern Business consistent with past practices and are and will be in quantities substantially sufficient for the normal operation of the Southern Business in accordance with past practice.
Nothing contained herein shall prohibit, limit or restrict, the Parent, the Sellers and the Representatives from (A) engaging in any of the foregoing activities with respect to any part of the Business other than the Southern Business or (B) providing any non-public information to, or entering into or maintaining or continuing any discussions or negotiations with the Stock Purchaser with respect to the Northern Business.
The Parent, the Sellers and the Southern Entities have maintained adequate business records including, without limitation, prescription records, with respect to the operation of the Southern Business, and to the knowledge of the Parent, there are no material deficiencies in such business records.
The Balance Sheet fairly presents, in conformity with GAAP applied on a consistent basis (as modified by the Balance Sheet Principles), the financial position of the Southern Business as of the Balance Sheet Date.
Since the Balance Sheet Date, the Inventory related to the Southern Business has been maintained in the ordinary course of business consistent with past practices.
There is no claim material to the Southern Business by any of the Parent or any of its Subsidiaries pending under any Insurance Policy as to which coverage has been questioned, denied or disputed by the underwriters of such policies or bonds or in respect of which such underwriters have reserved their rights.
After the Closing Date, the Purchaser shall be responsible for claims administration under general liability policies for occurrences arising in or from the Southern Business prior to Closing, to the extent such policies continue after Closing to provide coverage for such pre-Closing occurrences.