MorehouseCOWLES Disposition

MorehouseCOWLES Disposition. Shall mean the Borrower's sale of the assets of its Morehouse-COWLES Division to NuSil Corporation, or its wholly owned subsidiary ("NuSil") in accordance with the terms of the Asset Purchase Agreement dated February , 2004 (the "Asset Purchase Agreement") between MFIC Corporation and Morehouse-COWLES, Inc.), including: (i) the inventory; (ii) relevant tangible equipment; (iii) accounts receivable, work in progress and pending orders, (iv) trade names of the Morehouse-COWLES Division... (including but not limited to the trade names "Morehouse-COWLES" and "Zinger"); (v) all trademarks, copyrights, issued patents, patent application, trade secrets and other confidential and proprietary information; (vi) all rights under contracts to which the Morehouse-COWLES Division is a party; and (vii) the goodwill of the Morehouse-COWLES Division. All assets transferred pursuant to the Morehouse-COWLES Disposition" shall be referred to collectively herein as the "Disposition Assets". View More