DDR Group definition
Examples of DDR Group in a sentence
The parties recognize that legal and other professional services will be provided following the Effective Time, which services will be rendered solely for the benefit of the DDR Group or the RVI Group, as the case may be.
RVI shall not make, and shall not permit any member of the RVI Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification, against DDR or any other member of the DDR Group, or any other Person released pursuant to Section 4.1(a), with respect to any Liabilities released pursuant to Section 4.1(b).
Each member of the RVI Group shall execute and deliver to DDR (or such member of the DDR Group as DDR shall designate) any power of attorney or other similar document reasonably requested by DDR (or such designee) in connection with any Tax Contest (as to which DDR is the Controlling Party) described in this Section 9.
DDR and each member of the DDR Group hereby waives compliance by each and every member of the RVI Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may be applicable with respect to the transfer or sale of any or all of the DDR Assets to any member of the DDR Group.
Notwithstanding the foregoing, no member of the DDR Group shall be required by this Section 2.8 to maintain in effect any Shared Contract, and no member of the RVI Group shall have any approval or other rights with respect to any amendment, termination or other modification of any Shared Contract.
DDR shall not make, and shall not permit any other member of the DDR Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification against RVI or any other member of the RVI Group, or any other Person released pursuant to Section 4.1(b), with respect to any Liabilities released pursuant to Section 4.1(b).
DDR and RVI agree to take all necessary actions to assure the full release and discharge of DDR and the other members of the DDR Group from all obligations (other than with respect to any RVI Line of Credit Guaranty) pursuant to the RVI Financing Arrangements as of no later than the Effective Time.
DDR shall pay (or cause to be paid) to the proper Tax Authority the Tax shown as due on any Tax Return that a member of the DDR Group is responsible for preparing under Section 3 of this Agreement, and RVI shall pay (or cause to be paid) to the proper Tax Authority the Tax shown as due on any Tax Return that a member of the RVI Group is responsible for preparing under Section 3 of this Agreement.
RVI and each member of the RVI Group hereby waives compliance by each and every member of the DDR Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may be applicable with respect to the transfer or sale of any or all of the RVI Assets or RVI Properties to any member of the RVI Group.
Neither DDR nor any of the members of the DDR Group shall have any obligation to secure extended reporting for any claims under any Liability policies of DDR or any member of the DDR Group for any acts or omissions by any member of the RVI Group incurred prior to the Effective Time.