Adverse Party definition

Adverse Party means any individual, group, company, union, governmental body or other entity, excluding a Competitor, that has pecuniary and/or non-pecuniary interests known to be in opposition or otherwise adverse to those of the Company and/or any Company Affiliate.

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Adverse Party means a person who is named in an order for protection against domestic violence, harassment, sexual assault or stalking, a written report from a law enforcement agency or a written statement from a qualified third party and who is alleged to be the cause of the early termination of a rental agreement pursuant to this section.

Adverse Party means, as of any date, (a) any Person who (i) is a substantial investor in Tenant or any Affiliate of Tenant, and (ii) has a pending proposal to merge with, acquire or takeover Tenant or any Affiliate of Tenant, which merger, acquisition or other takeover shall not have been approved by the board of directors of Tenant or such Affiliate, or otherwise be perceived by Tenant or such Affiliate to be hostile to the management of Tenant or such Affiliate, (b) any Affiliate of each Person in subsection (a), and (c) any Person that has a net short position with respect to at least one-half of one percent (0.5%) of, or has, within the last twelve (12) months, made public adverse comments about, the stock of Tenant Guarantor or any Affiliate of Tenant. Within ten (10) Business Days after written request therefor from Landlord, Tenant shall advise Landlord if a Person(s) named by Landlord in such notice is an Adverse Party within the scope of this definition.

Examples of Adverse Party in a sentence

If the Grantee is contacted by any Potential Adverse Party, the Grantee shall promptly provide written notice thereof to the Company’s Chief Legal Officer (the “CLO”), and shall not discuss the Company with any such Potential Adverse Party without prior written approval from the CLO.
Should the dispute delay payment of any amount otherwise due or payable to PURCHASER, all amounts due or payable to PURCHASER shall begin to bear interest at the rate of 18% per annum, or such lesser rate as shall be the maximum rate permitted by applicable law, from the date any amounts are paid or payable by the Adverse Party until said sums due or payable to PURCHASER have been paid in full.
Should the dispute delay payment of any amount otherwise due or payable to PURCHASER, all amounts due or payable to PURCHASER shall begin to bear interest at the rate of eight percent (8%) per annum, or such lesser rate as shall be the maximum rate permitted by applicable law, from the date any amounts are paid or payable by the Adverse Party until said sums due or payable to PURCHASER have been paid in full.
In such a situation, the Interested Party shall promptly notify the Chair of its decision or intention to act on behalf of the Adverse Party and the Chair shall act to ensure that thereafter confidential information shall not be provided to such Interested Party about the matter.
If an Interested Party acts or intends to act for an Adverse Party on a matter in which there are, or reasonably are expected to be, adverse interests between that Adverse Party and the YRF, the Interested Party shall recuse itself from participating in the YRF’s confidential discussions of that matter and decline to receive confidential YRF information about that matter.

More Definitions of Adverse Party

Adverse Party refers to AMERICAN CYANAMID COMPANY and any other or later added party(ies) in the Litigation, whose interests are or may become adverse to Plaintiffs or SELLER.

Adverse Party means the Defendants and their respective Affiliates as well as any other party (i) subsequently named as a defendant in any Proceedings (including any litigation or arbitration or any collection actions arising therefrom or connected to the Claims), or (ii) who enters into an arrangement or agreement that grants license or sublicense rights to any party that qualifies as an Adverse Party pursuant to the above definition.

Adverse Party means any Person (i) who is engaged in the Hotel Business or is an Affiliate (other than an Affiliate who is a lessee under a lease of a hotel from a real estate investment trust or other passive owner which is managed on behalf of such Affiliate by an unaffiliated third party manager) of any Person engaged in the Hotel Business, (ii) who is, or is an Affiliate of, a Person who has been convicted of, or has pleaded nolo contendere to, a felony, (iii) who does not have a Tangible Net Worth of at least (a) two and one-half (2.5) times the amount of Guarantor's then maximum liability under the Guarantee or (b) $50,000,000, whichever is greater, (iv) whose ownership of a direct or indirect interest in Tenant would violate the Management Agreement or (v) who, prior to the effective time of a Change in Control, fails to enter into a written agreement reasonably satisfactory in form and substance to Host REIT (1) to the effect that neither (A) such Person nor (B) any Person who would be considered to constructively own either any interest in such Person or any interest in Tenant owned directly or indirectly by such Person (as determined under Section 318(a) of the Code, as modified by Section 856(d) of the Code) (referred to as "CONSTRUCTIVE OWNERSHIP") would own (or have Constructive Ownership of) any interest in Host REIT or Host O.P. that would cause either Host REIT or Host O.P. to be considered to Constructively Own any interest in either Tenant or any other tenant of either Host REIT or Host O.P. that is described in Section 856(d)(2)(B) of the Code for purposes of applying either Section 856(c) of the Code or Section 7704(d) of the Code, or any similar or successor provisions thereto and (2) with respect to such other matters reasonably required to protect the status of Host REIT as a "real estate investment trust" for federal income tax purposes.

Adverse Party means a beneficially interested party to a judicial or administra- tive proceeding from which a mandamus proceeding arises, whose interests are ad- verse to the relator.

Adverse Party means any Person (i) who is engaged in the Hotel Business or is an Affiliate (other than an Affiliate who is a lessee under a lease of a hotel from a real estate investment trust or other passive owner which is managed on behalf of such Affiliate by an unaffiliated third party manager) of any Person engaged in the Hotel Business, (ii) who is, or is an Affiliate of, a Person who has been convicted of, or has pleaded nolo contendere to, a felony, (iii) whose ownership of a direct or indirect interest in Tenant would violate the Management Agreement or (iv) who, prior to the effective time of a Change in Control, fails to enter into a written agreement reasonably satisfactory in form and substance to Host REIT (1) to the effect that neither (A) such Person nor (B) any Person who would be considered to constructively own either any interest in such Person or any interest in Tenant owned directly or indirectly by such Person (as determined under Section 318(a) of the Code, as modified by Section 856(d) of the Code) (referred to as "Constructive Ownership") would own (or have Constructive Ownership of) any interest in Host REIT or Host O.P. that would cause either Host REIT or Host O.P. to be considered to Constructively Own any interest in either Tenant or any other tenant of either Host REIT or Host O.P. that is described in Section 856(d)(2)(B) of the Code for purposes of applying either Section 856(c) of the Code or Section 7704(d) of the Code, or any similar or successor provisions thereto and (2) with respect to such other matters reasonably required to protect the status of Host REIT as a "real estate investment trust" for federal income tax purposes.

Adverse Party means any Person whose acquisition by Transfer or otherwise of a Member Interest (including any indirect acquisition by obtaining a controlling interest in any Person that directly or indirectly controls a Member) could reasonably be expected to materially and adversely affect the best interests of the Company, as determined in good faith by the Board.

Adverse Party means the party who either directly asserted or