Examples of Transferred Business in a sentence
The list of Specified Employees may be updated by mutual written agreement of the Seller and the Buyer from time to time prior to the Closing to include any additional employees of the Seller related to the Transferred Business who the Buyer agrees to offer employment, and to remove any Specified Employees who cease to be employed by the Seller following the Effective Date, and in such event, the Seller shall promptly deliver to the Buyer an updated, true and correct Schedule 6.05(a).
The Buyer’s access under this Section 6.02 shall be exercised in a manner as to not unreasonably interfere with the Transferred Business or any other businesses of the Seller.
The Seller has all necessary power and authority to own, operate and lease the Purchased Assets and to carry on the Transferred Business as currently conducted by it.
To the extent applicable to the Seller, the Transferred Business and the Transaction, the Seller hereby repeats Section 4.12 of the Global APA, mutatis mutandis, as if it had been fully set forth herein.
To the extent the Seller receives written or other notice related to a Material Contract from and after the Effective Date that the counterparty to such Contract intends to (a) cease to contract with the Transferred Business (including by non-renewal), (b) substantially reduce its business with the Transferred Business, or (c) materially modify, change or alter the terms of its relationship with the Transferred Business, the Seller shall provide prompt written notice to the Buyer.