Target Businesses definition

Target Businesses means the businesses included in the Target Assets and operated by the Transferors that, following the Closing Date, will be jointly controlled by the Acquirer and the Controlling Party and operated by Newco in accordance with this Agreement. Such businesses include, but are not limited to, mobile phone retail stores, distribution channels, ventures with telecommunication operators, marketing and human resources and all rights related thereto under relevant laws and agreements. The scope of the Target Businesses shall be determined by the mutual agreement of the Acquirer, the Controlling Party and/or the Transferors; provided however, that the Target Businesses shall not include the Mobile Phone Distribution Business of the Controlling Party and/or the Transferors.

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Target Businesses has the meaning ascribed thereto in recital (B); and

Target Businesses means the businesses of publishing and producing certain print cycling magazines (and associated websites and digital versions where available) and certain print craft magazines (and associated websites and digital versions where available) and a print

Examples of Target Businesses in a sentence

• The Company agrees that the Target Business(es) that it acquires must have an aggregate fair market value equal to at least 80% of the value of the assets held in the Trust Account at the time of signing the definitive agreement for the Business Combination with such Target Business (excluding taxes payable).

• The Company agrees that the initial Target Business(es) in a Business Combination must have a fair market value equal to at least 80% of the Company’s net assets at the time of such Business Combination.

• The Company agrees that its initial Business Combination must be with one or more Target Businesses that have an aggregate fair market value equal to at least 80% of the amount in the Company’s Trust Account (less Deferred Fees, including interest thereon, held in the Trust Account) at the time of such Business Combination.

• If the Board of Directors of the Company is not able to independently determine that the Target Business(es) has a fair market value of at least 80% of the Company’s net assets at the time of such Business Combination, the Company will obtain an opinion from an unaffiliated, independent investment banking firm which is a member of the NASD with respect to the satisfaction of such criteria.

• The Company is not required to obtain an opinion from an investment banking firm as to the fair market value of the Target Business(es) if the Company’s Board of Directors independently determines that the Target Business(es) has a sufficient fair market value.

More Definitions of Target Businesses

Target Businesses means the subscriptions for publication (and prepayments relating thereto), the customer databases, certain assets used in connection with the production and publication of the titles (insofar as they relate only to the online publishing business segment of these titles) set out in Part A of Schedule 1 and “Target Business ” shall mean any one of them;

Target Businesses means the businesses of Warmfill, Warmwall and their subsidiaries, carried on as at the commencement date;

Target Businesses means the restaurant franchising business operated by the Seller consisting of the contractual rights as franchisor under various franchise agreements with various franchisees, and associated intellectual property including trademarks, in respect of the “Doppio Zero”, “Piza e Vino” and “Modern Tailors” restaurant brands (“franchising business”); the Restaurant Business; and The central kitchen/bakery business which supplies baked goods (pastries, bread and similar products) to the group franchised restaurants as well as other corporate clients (“bakery business”);

Target Businesses the AS Business, the IRPS Business, and the Acquired IAS Accounts, collectively.

Target Businesses means the operations and activities of the Business Vendors in conducting the Business as at and up to the Effective Time;

Target Businesses has the meaning set out in Article 1.1 of this Agreement;

Target Businesses means the business of the Target Companies;