Divestiture Action definition

Divestiture Action has the meaning set forth in Section 6.4(c).

Divestiture Action shall have the meaning specified in Section 4.5(b).

Divestiture Action means any divestiture, sale, license or other disposition, or subjection to any hold-separate order, of assets, properties, businesses or product lines of Parent, the Company, or any of their respective Affiliates.

Examples of Divestiture Action in a sentence

• The Company shall cooperate with Parent and shall use its reasonable best efforts to assist Parent in resisting and reducing any Divestiture Action.

• In the event that any action is threatened or instituted challenging the Merger as violative of any Premerger Notification Rule or other Antitrust Law, Parent shall take all action necessary, including but not limited to any Divestiture Action to avoid or resolve such action.

• Notwithstanding any other provisions of this Section 6.8, nothing in this Agreement shall require Parent to take or agree to take any Divestiture Action or other action (other than de minimis actions) with respect to Parent and its Subsidiaries (other than with respect to the Company and its Subsidiaries (from and after the Effective Time)).

• Notwithstanding anything to the contrary contained herein, in no event shall Parent be required to agree, pursuant to any Divestiture Action, to take any action that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Company or Parent (without giving effect to clause (viii) of the definition thereof).

• To assist Parent in complying with its obligations set forth in this Section 5.7(c), at Parent’s request the Company shall, and shall cause its Subsidiaries to, enter into one or more agreements prior to the Closing with respect to any Divestiture Action; provided, however, that the consummation of the transactions provided for in any such agreement for a Divestiture Action shall be conditioned upon the Closing.

More Definitions of Divestiture Action

Divestiture Action shall have the meaning given to that term in Clause 7.2(h);

Divestiture Action has the meaning set forth in Section 8.01(c).

Divestiture Action is defined in Section 6.1(d) of the Agreement.

Divestiture Action means any sale, license, divestiture or other transfer of the assets or businesses or products or product lines by any Person if necessary to obtain any requisite approvals, authorizations, consents, clearances, orders, licenses, permits, qualifications, exemptions or waivers from a governmental authority to permit the consummation of the Auto Care Acquisition prior to the termination date provided in the Auto Care Acquisition Agreement.

Divestiture Action shall have the meaning set forth in Section 2.4(c)(v) of this Agreement.

Divestiture Action is defined in Section 5.5(d).

Divestiture Action has the meaning ascribed to such term in Section 6.2(b).