Examples of Acquiring Entity in a sentence
Purchaser shall not sell, lease or otherwise dispose of all or substantially all of its electric system to any Person (“Acquiring Entity”) unless the Acquiring Entity shall assume and agree to fully perform and discharge the Project Rights and Obligations under this Agreement, and such Acquiring Entity shall have a corporate or long-term senior unsecured credit rating not less than investment grade.
Claims of the Acquiring Entity under warranty of any kind whatsoever and having any basis whatsoever against the Transferring Entity are hereby expressly excluded.
Further, upon either party's request, any new Affiliated Acquiring Entity and the Union shall engage in good faith negotiations to develop separate agreements.
The Acquiring Entity indemnifies the Transferring Entity against any claims under public or pri- vate law, whatever their legal basis.
In the event that claims are asserted against the Acquiring Entity, the Acquiring Entity will have no recourse claims against the Transferring Entity.