“GCC Interest” shall mean the 60% equity interest of Seller in Gateway Pro Partners, LLC, a Delaware limited liability company.
“GCI” shall mean Gateway Companies, Inc., a Delaware corporation.
“GCI Stock” shall mean all of the issued and outstanding common stock of Gateway Companies, Inc.
“Government Entity” shall mean any (a) nation, state, country, or other jurisdiction of any nature, (b) national, federal, state, local, municipal, foreign, or other government, governmental, or quasi-governmental authority of any nature (including any governmental agency, branch, department, official, or entity and any court or other tribunal), or (c) body exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police, regulatory, or taxing authority or power of any nature.
“GP” shall mean Gateway Professional, LLC, a Delaware limited liability company.
“GP Interest” shall have the meaning set forth in Recital D.
“HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
“Indemnification Period” shall have the meaning set forth in Section 11.06(a).
“Indemnified Party” shall have the meaning set forth in Section 11.04(a).
“Indemnifying Party” shall have the meaning set forth in Section 11.04(a).
“Independent Accountant” shall have the meaning set forth in Section 4.02(d).
“Intercreditor Agreement” shall have the meaning set forth in Section 10.09.
“Internal Controls” shall have the meaning set forth in Section 5.26(e).
“Inventory” shall have the meaning set forth in Section 5.07.
“IRS” shall mean the Internal Revenue Service.
“Laws” shall mean all laws (whether statutory or otherwise), statutes, rules, regulations, orders, legal requirements and enactments of any Government Entity.
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“Letter of Credit” shall have the meaning set forth in Section 2.03.
“Leased Facility” shall have the meaning set forth in Section 12.01(g).
“Liability” shall mean any direct or indirect liability, indebtedness, guaranty, endorsement, claim, loss, damage, deficiency, cost, expense, obligation, tax, or responsibility of any kind, character or description, whether fixed or unfixed, known or unknown, asserted or unasserted, liquidated or unliquidated, accrued or unaccrued, secured or unsecured, contingent or otherwise.
“License Agreement” shall have the meaning set forth in Section 9.08.
“Licensed Trade Rights” shall mean those certain trademarks and proprietary designs licensed by Seller to Buyer under the License Agreement.
“Licenses and Permits” shall have the meaning set forth in Section 1.01(h).
“Lien” or “Liens” shall mean mortgages, liens (statutory or otherwise), security interests, claims, pledges, licenses, equities, options, conditional sales contracts, assessments, levies, easements, covenants, reservations, restrictions, rights-of-way, exceptions, limitations, charges or encumbrances of any nature whatsoever, in each case other than Permitted Liens.
“Litigation” shall mean any action, arbitration, audit, hearing, investigation, litigation or suit (whether civil, criminal, administrative, judicial or investigative, whether formal or informal, whether public or private) commenced, brought, conducted or heard by or before, or otherwise involving, any Government Entity or arbitrator.
“Lock-Up Agreement” shall have the meaning set forth in Section 9.09.
“Material Adverse Effect” shall mean any change, circumstance, or effect that does have, or is reasonably likely to have, a material adverse effect on (i) the Purchased Assets or the financial condition or results of operations of the Transferred Organization or (ii) the ability of Seller to consummate the transactions contemplated by this Agreement or any Ancillary Agreements; provided, however, that in no event shall any of the following, taken alone or in combination, be deemed to constitute or be taken into account in determining whether there has been or is reasonably likely to be a Material Adverse Effect: (A) any change, circumstance or effect that results from the pendency of the Acquisition and the transactions contemplated by this Agreement and this Ancillary Agreements, (B) any change, circumstance or effect that results from changes in economic, regulatory or political conditions generally (including acts of terrorism or war or other force majeure events), or from changes in the desktop and notebook computer and server industry generally, (C) any change, circumstance or effect that results from an impact to the Transferred
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Organization’s relationships with its employees, customers, suppliers or partners as a result of the announcement or pendency of the Acquisition and the transactions contemplated by this Agreement and this Ancillary Agreements, (D) any change, circumstance or effect that results from compliance with the terms and conditions of this Agreement or any Ancillary Agreement, including, without limitation, any failure to take any action as a result of compliance with covenants, restrictions or prohibitions set forth in this Agreement or any Ancillary Agreement, (E) any failure by the Transferred Organization or Seller to meet revenue or earnings projections, regardless of whether such projections have been provided to MPC or (F) any stockholder litigation arising from allegations of a breach of fiduciary duty relating to the Acquisition and the transactions contemplated by this Agreement and this Ancillary Agreements.
“Material Consents” shall have the meaning set forth in Section 8.05.
“Mediator” shall have the meaning set forth in Section 15.02.
“MPC” shall have the meaning set forth in the Preamble to this Agreement.
“MPC 10-K” shall have the meaning set forth in Section 6.06.
“MPC Board” shall mean MPC’s board of directors as it may be constituted from time to time.
“MPC Common Shares” shall have the meaning set forth in Section 4.01(c).
“MPC Knowledge” or “Knowledge of MPC” or other similar expression shall mean the actual knowledge of MPC’s Chief Executive Officer or Chief Financial Officer.
“MPC Preferred Shares” shall have the meaning set forth in Section 4.01(c).
“MPC SEC Filings” shall have the meaning set forth in Section 6.06.
“MPC Shares” shall have the meaning set forth in Section 4.019c).
“Net Inventory Minus Liabilities” shall have the meaning set forth in Section 4.02(a)(i).
“Net Inventory/Liability Statement” shall have the meaning set forth in Section 4.02(c).
“Note” shall have the meaning set forth in Section 4.01(b).
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“NSP Vendor” shall mean any vendor that provides additional services on the behalf of a seller for the benefit of a mutual customer of the seller and vendor; such services including, but not limited to, product take down and setup, network setup and custom engraving.
“Order” or “Orders” shall mean any order, injunction, judgment, decree, ruling, assessment or arbitration award of any Government Entity.
“Permitted Liens” means (i) mechanic’s and other similar statutory liens that are not material in nature or amount, (ii) liens for taxes or other governmental charges not yet due and payable or due but not delinquent or that are being contested in good faith, (iii) liens reflected in the Financial Statements, (iv) restrictions on transfers of securities under Applicable Law, and (v) liens that do not materially impair the use or operation of the property or assets subject thereto.
“Person” shall mean an individual, partnership, corporation, business trust, limited liability company, limited liability partnership, joint stock company, trust, unincorporated association, joint venture or other entity or a Government Entity.
“Pre-Closing Tax Period” means any tax period ending on or before the Closing Date; and, with respect to a tax period that begins on or before the Closing Date and ends thereafter, the portion of such tax period ending on the Closing Date.
“Products” shall have the meaning set forth in Recital A.
“Purchase Price” shall have the meaning set forth in Section 4.01.
“Purchased Assets” shall have the meaning set forth in Section 1.01.
“Purchased Securities” shall mean (i) the GCI Stock and (ii) the 10% membership interest in GP, in each case to be transferred from Seller or an Affiliate of Seller to Buyer pursuant to this Agreement.
“Quanta” shall have the meaning set forth in Recital C.
“Quanta GCC Interest” shall mean the 40% membership interest in GCC owned by Quanta as of the date of this Agreement.
“Recent Customers” shall have the meaning set forth in Section 2.01(a).
“Recent Financial Statements” shall mean (i) the unaudited balance sheet of the Transferred Organization as of September 30, 2007 and (ii) the unaudited statements of operations of the Transferred Organization for the nine months ended September 30, 2007.
“Records” shall have the meaning set forth in Section 14.01.
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“Registration Rights Agreement” shall have the meaning set forth in Section 10.07.
“Representatives” shall mean, with respect to a Person, such Person’s officers, directors, employees, investment bankers, attorneys, accountants, consultants and other agents or advisors.
“Required Consents” shall have the meaning set forth in Section 9.06.
“Seller” shall have the meaning set forth in the Preamble to this Agreement.
“Seller 10-K” shall have the meaning set forth in Section 5.26.
“Seller Disclosure Schedules” shall have the meaning set forth in the preamble to Article 5.
“Seller’s Knowledge,” “Knowledge of Seller” or any similar expression shall mean the actual knowledge of Seller’s Chief Executive Officer or Chief Financial Officer.
“Seller’s Related Parties” shall mean Seller and its directors, officers, employees, and controlled and controlling Persons.
“Seller’s Retained Business” shall have the meaning set forth in Recital A.
“Seller SEC Filings” shall have the meaning set forth in Section 5.26.
“Settlement Date” shall have the meaning set forth in Section 12.01(k).
“State” shall have the meaning set forth in Section 16.05.
“Subsidiary” of any Person shall mean any corporation, partnership, limited liability company, joint venture or other legal entity of which such Person (either directly or through or together with another Subsidiary of such Person) owns more than 50% of the voting stock or value of such corporation, partnership, limited liability company, joint venture or other legal entity.
“Subsidiary Assets” shall mean such of the Purchased Assets as are held by the Transferred Subsidiaries.
“Tax Returns” shall mean returns, declarations, reports, claims for refund, information returns or other documents (including any related or supporting schedules, statement or information) filed or required to be filed in connection with the determination, assessment or collection of federal, state, local, or foreign income, gross receipts, franchise, estimated, alternative minimum, sales, use,
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transfer, registration, value added, payroll, withholding, or other taxes of any kind of any party or the administration of any Laws related thereto.
“Transferred Contracts” shall have the meaning set forth in.
“Transferred Employees” shall have the meaning set forth in Section 7.01.
“Transferred Organization” shall have the meaning set forth in Recital A.
“Transferred Organization Employees” shall have the meaning set forth in Section 7.01.
“Transferred Organization Employees List” shall have the meaning set forth in Section 5.13.
“Transferred Organization Equipment” shall have the meaning set forth in Section 1.01(d).
“Transferred Organization Inventory” shall have the meaning set forth in Section 1.01(b).
“Transferred Organization’s Products or Services” shall have the meaning set forth in Section 5.15.
“Transferred Subsidiaries” shall mean GCI, GCC and GP.
“Transition Services Agreement” shall have the meaning set forth in Section 9.07.
“Unassigned Contracts” shall have the meaning set forth in Section 14.05.
“Unit Cap” shall have the meaning set forth in Section 2.01(a)(ii).
“Warranty Default” shall have the meaning set forth in Section 2.03(c).
“Warranty Notice Deadline” shall have the meaning set forth in Section 2.03(c).
“Warranty Quality Shortfall” shall have the meaning set forth in Section 2.03(d).
“Warranty Policies” shall have the meaning set forth in Section 5.15.
“Waste” shall have the meaning set forth in Section 5.10(c).
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