Examples of Divestment Period in a sentence
If a substantial portion of the revenues generated by such business or asset is derived from the Competitive Activity (but in no event less than 3 million Euros per year), then the Divestment Period shall be the term of thirty (30) days following the written notification by the Buyer; otherwise, it shall be twelve (12) months from such notification, provided that Seller uses its best efforts to divest the Competitive Activity within the first six (6) months of the Divestment Period.
Notwithstanding any of the foregoing, until the end of the Excluded Business Divestment Period, Collateral will exclude shares, membership interests and assets of the Excluded Business.
Borrower shall use commercially reasonable efforts to transfer the Excluded Business to an unrelated third party during the Excluded Business Divestment Period.