Examples of TBG Entities in a sentence
The TBG Entities hereby grant a non-exclusive license to the Buyer of all trademarks and other intellectual property owned by the TBG Entities for such purposes.
At the direction of Assignee, the Assignor TBG Entities agree to instruct their credit card processors and cooperate with Buyer to move all credit card receipts for the Salons to accounts held by Buyer on January 2, 2020.
Without limiting the generality of the foregoing, except as set forth on Schedule 2.7 of the Disclosure Schedule, all material licenses, permits, authorizations, registrations, certificates and similar rights necessary for the conduct of the Business as presently conducted are held by the Assignor TBG Entities and are in full force and effect.
The Assignor TBG Entities shall have remitted by wire transfer to the Payroll Provider, in immediately available funds, the full amount of the Transferred Employee Payroll Deposit, each Ordinary Payroll Amount, the Stub Payroll Amount, and the Regis Payroll Services Amount as set forth in Sections 1.3, 4.7 and 4.8.
The North American TSA shall automatically terminate on the earlier of (i) six (6) months after the Effective Date or (ii) the date on which the TBG Entities complete the transition of the Regis Entities from their role as payroll processor (such termination date, the “TSA Termination Date”).
Upon the funding by Buyer of any Buyer Lease Payment, Buyer shall be deemed to have made a loan to the Assignor TBG Entities in the amount of such Buyer Lease Payment (all such loans, the “Buyer Lease Payment Secured Debt”).
After the initial twelve (12) months, prices will increase to prices offered to franchisees of the Regis Entities; provided, that the TBG Entities shall pay cash in advance for any such inventory purchases.
TBG Entities shall be reimbursed at cost for services set forth in the Transfer Agreements.
By notice to the TBG Entities on or before the original Transfer Deadline and from time to time thereafter by notice prior to any extended Transfer Deadline, Regis Corp.
To secure the Buyer Lease Payment Secured Debt, each of the Assignor TBG Entities hereby grants to Buyer a valid, continuing security interest in all Purchased Assets, subject to any Existing Encumbrances.