Common use of Separate Business; Nonconsolidation Clause in Contracts

Separate Business; Nonconsolidation. The Transferor shall not (i) engage in any business not permitted by its Certificate of Incorporation as in effect on the Closing Date or (ii) conduct its business or act in any other manner which is inconsistent with Section 3.1(r). The officers and directors of the Transferor (as appropriate) shall make decisions with respect to the business and daily operations of the Transferor independent of and not dictated by Tech Data or any other controlling Person.

Appears in 6 contracts

Samples: Transfer and Administration Agreement (Tech Data Corp), Transfer and Administration Agreement (Tech Data Corp), Transfer and Administration Agreement (Tech Data Corp)

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Separate Business; Nonconsolidation. The Transferor shall not (i) engage in any business not permitted by its Certificate of Incorporation as in effect on the Closing Amendment Date or (ii) conduct its business or act in any other manner which is inconsistent with Section 3.1(r6.01(q ) or Section 6.01(r ). The officers and directors of the Transferor (as appropriate) shall make decisions with respect to the business and daily operations of the Transferor independent of and not dictated by Tech Data or any other controlling Person.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Tech Data Corp)

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Separate Business; Nonconsolidation. The Transferor shall not (i) engage in any business not permitted by its Certificate of Incorporation as in effect on the Closing Amendment Date or (ii) conduct its business or act in any other manner which is inconsistent with Section 3.1(r6.01(q) or Section 6.01(r). The officers and directors of the Transferor (as appropriate) shall make decisions with respect to the business and daily operations of the Transferor independent of and not dictated by Tech Data or any other controlling Person.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Tech Data Corp)

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