Common use of DIVESTMENT OF THE DIVESTMENT BUSINESS Clause in Contracts

DIVESTMENT OF THE DIVESTMENT BUSINESS. 2.1 Noble shall ensure that the completion of the divestment of the Divestment Business to the Proposed Purchaser contemplated by the agreement referred to in recital (f) of these undertakings takes place within a period not exceeding three months from the date these undertakings take effect.‌ 2.2 Noble shall use all reasonable endeavours to ensure the transfer of Key Staff with the divestment of the Divestment Business.‌ 2.3 In the event that Xxxxx fails to complete the divestment of the Divestment Business in accordance with paragraphs 2.1 and 2.2 above, the CMA may, whether or not initiating the Trustee Functions as set out in paragraph 4 below, require Noble to divest the Divestment Business as a going concern at no minimum price to a purchaser or purchasers approved by the CMA.

DIVESTMENT OF THE DIVESTMENT BUSINESS. 2.1 Noble AMC shall ensure that the completion of the divestment of the Divestment Business to the Proposed Purchaser contemplated by the agreement referred to in recital (f) f of these undertakings takes place within a period not exceeding three months one month from the date these undertakings take effect.‌effect. 2.2 Noble AMC shall use all reasonable endeavours to ensure the transfer of Key Staff with the divestment of the Divestment Business.‌Business. 2.3 In the event that Xxxxx AMC fails to complete the divestment of the Divestment Business in accordance with paragraphs 2.1 and 2.2 above, the CMA may, whether or not initiating the Trustee Functions as set out in paragraph 4 below, require Noble AMC to divest the Divestment Business as a going concern at no minimum price to a purchaser or purchasers approved by the CMA.

DIVESTMENT OF THE DIVESTMENT BUSINESS. 2.1 Noble The Parties shall ensure that the completion of the divestment of the Divestment Business to the Proposed Purchaser contemplated by the agreement referred to in recital (f) f of these undertakings takes place within a period not exceeding three two months from the date these undertakings take effect.‌effect. 2.2 Noble The Parties shall use all reasonable endeavours to ensure the transfer of Key Staff with the divestment of the Divestment Business.‌Business. 2.3 In the event that Xxxxx fails the Parties fail to complete the divestment of the Divestment Business in accordance with paragraphs 2.1 and 2.2 above, the CMA may, whether or not initiating the Trustee Functions as set out in paragraph 4 below, require Noble the Parties to divest the Divestment Business as a going concern at no minimum price to a purchaser or purchasers approved by the CMA.