Axcel definition
Examples of Axcel in a sentence
If Closing has not occurred on or before the Long Stop Date as extended pursuant to Clause 7.8(a), the right of Axcel on behalf of the Sellers to decide upon an extension or termination shall apply, mutatis mutandis, provided, however, that the Long Stop Date may not be extended beyond 1 May 2025 without the prior written consent of the Buyer.
This restriction shall not apply to any Key Employee (i) whose employment has been terminated by the employer other than for cause, three (3) months following such termination or (ii) who response to any public recruitment advertisement placed by or on behalf of a Person in respect of which the procurement undertaking of Axcel in this Clause 17.6 applies.
Axcel on behalf of the Majority Sellers agrees to support the Competition Filings, supply the relevant information and use reasonable endeavours to assist in obtaining a clearance from the Competition Authorities as requested by the Buyer.
In connection with clauses (a) and (d) of this Section 6.12, Borrower may make advances or contribute additional capital to Axcel in connection with Borrower's spin-off of Axcel, so long as and to the extent that Borrower is not and would otherwise not be in default of any of its obligations under this Agreement.