Divestment Unit definition

Divestment Unit means any JPMC Affiliate or any business, division, department or group of assets of JPMC or any JPMC Affiliate which: (i) was, immediately prior to a particular date (“Divestment Date”), properly entitled to request that Visa provide Services to such Divestment Unit under the Agreement or to otherwise gain some benefit from the Agreement (“Benefit”); (ii) would not, on or after the Divestment Date, be entitled (other than by virtue of this provision) to request that Visa provide Services to such Divestment Unit or gain that Benefit; and (iii) as of the Divestment Date, is either acquired by a legal entity or, in the case of any business, division, department or group of assets, is constituted as a separate legal entity, or, in the case of an JPMC Affiliate, ceases to be an Affiliate as defined in this Master Agreement for any other reason. If any of the events specified in sub-clause (b) (iii) occurs, the rights and benefits hereunder shall be extended to the affected Divestment Unit, without payment of any transfer fee, to enable that Divestment Unit to continue to gain the Benefit for a transition period not to exceed twelve (12) months from the Divestment Date. The Divestment Unit shall comply with the terms and conditions of this Agreement (including all related agreements, schedules and the Rules) applicable to the receipt of the Benefit by the Divestment Unit. The Parties understand and agree that the purpose of such extension is to permit the Divestment Unit to request Services, to continue to receive Services or to otherwise gain the Benefit on a temporary basis during the transition to alternative service providers.
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Divestment Unit means any subsidiary, division or department of HSBC or an HSBC Group Member, which was immediately prior to a particular date (the “Divestment Date”), properly entitled to receive Services or Deliverable(s), and would not, on or after the Divestment Date, be a (or part of a) HSBC Group Member and therefore not entitled (other than by virtue of this provision) to receive Services or Deliverable(s).
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Divestment Unit means a unit constituted under section 25
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Examples of Divestment Unit in a sentence

  • Further, the Divestment Unit, and not the competitor purchaser shall have the right to continue to purchase Services from Vendor under this subsection.

  • In the event that any of the events specified in clause (iii) above occurs, the rights and benefits hereunder shall be extended to the affected Divestment Unit, without payment of any transfer or other fee, to enable that Divestment Unit to continue to benefit from this Agreement or to gain the Benefit for a transition period not to exceed twelve (12) months from the Divestment Date, which payments shall [****].

  • For the avoidance of doubt, in the event that the Divestment Unit is purchased by a competitor of Vendor, the Divestment Unit shall enter into a confidentiality agreement with Vendor containing terms that are consistent with the confidentiality provisions of this Agreement.

  • The Parties understand and agree that the purpose of such extension is to permit the Divestment Unit to request Services, to continue to receive Services or otherwise to gain the Benefit on a temporary basis during the transition to alternative development and maintenance providers.


More Definitions of Divestment Unit

Divestment Unit means any Affiliate of JPMC or any business, division, department or group of assets of JPMC or any JPMC Affiliate which: (i) was, immediately prior to a particular date ("Divestment Date"), properly entitled to request that Supplier provide Services to such Person or unit under this Agreement or to otherwise gain some PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS. benefit from this Agreement ("Benefit"), (ii) would not, on or after the Divestment Date, be entitled (other than by virtue of this provision) to request that Supplier provide Services to such Person or unit or gain that Benefit and (iii) as of the Divestment Date, is either acquired by a legal entity or, in the case of any business, division, department or group of assets, is constituted as a separate legal entity, or, in the case of an Affiliate of JPMC, ceases to be an Affiliate as defined in this Agreement for any other reason. If any of the events specified in Subsection 2.1(b)(iii) above occurs, the rights and benefits hereunder shall be extended to the affected Divestment Unit, without payment of any transfer or other fee, to enable that Divestment Unit to continue to benefit from this Agreement or to gain the Benefit for a transition period not to exceed twelve (12) months from the Divestment Date. The parties understand and agree that the purpose of such extension is to permit the Divestment Unit to request Services, to continue to receive Services or to otherwise gain the Benefit on a temporary basis during the transition to alternative development and maintenance providers.
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Divestment Unit means any Affiliate of Fidelity or any business, division, department or group of assets of Fidelity or any Fidelity Affiliate that (i) was, immediately prior to a particular date (the "Divestment Date"), properly entitled to request that Vendor provide Services to such Person or unit under this Agreement or to otherwise gain some benefit from this Agreement (a "Benefit"); (ii) would not, on or after the Divestment Date, be entitled (other than by virtue of this provision) to request that Vendor provide Services to such Person or unit or gain that Benefit; and (iii) as of the Divestment Date, is either acquired by a legal entity or, in the case of any business, division, department or group of assets, is constituted as a separate legal entity which would not constitute a Fidelity Affiliate, or, in the case of an Affiliate of Fidelity, ceases to be an Affiliate as defined in this Agreement for any other reason. In the event that any of the events specified in clause (iii) above occurs, the rights and benefits hereunder shall be extended to the affected Divestment Unit, without payment of any transfer or other fee, to enable that Divestment Unit to continue to benefit from this Agreement or to gain the Benefit for a transition period not to exceed twelve (12) months from the Divestment Date, which payments shall [****]. The Parties understand and agree that the purpose of such extension is to permit the Divestment Unit to request Services, to continue to receive Services or otherwise to gain the Benefit on a temporary basis during the transition to alternative development and maintenance providers. For the avoidance of doubt, in the event that the Divestment Unit is purchased by a competitor of Vendor, the Divestment Unit shall enter into a confidentiality agreement with Vendor containing terms that are consistent with the confidentiality provisions of this Agreement. Further, the Divestment Unit, and not the competitor purchaser shall have the right to continue to purchase Services from Vendor under this subsection.
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Related to Divestment Unit

  • Management Unit means an area established by the Commission for management purposes.

  • apartment unit means any residential dwelling unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • Settlement Unit means each hour in a day divided into hour-long periods starting at 00:00 on such day.

  • Replacement unit means a landfill, surface impoundment, or waste pile unit from which all or substantially all of the waste is removed, and which is subsequently reused to treat, store, or dispose of hazardous waste. Replacement unit does not include a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with a closure or corrective action plan approved by USEPA or the Agency.

  • Procurement Unit means the unit or department within GRDA that is responsible for administering procurement policies and procedures.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • LLC Unit means a common limited liability interest in the Company.

  • Public procurement unit means either a local public procurement unit or a state public procurement unit.

  • Membership Unit means an outstanding common membership unit of the LLC.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Share Distribution means a dividend payable in shares of any class or series of capital stock, Convertible Securities or other equity securities of the Corporation or any other Person.

  • Placement Units shall have the meaning given in the Recitals hereto.

  • Additional Common Shares means all common stock (including reissued shares) issued (or deemed to be issued pursuant to Section 2) after the date of the Warrant. Additional Common Shares does not include, however, any common stock issued in a transaction described in Sections 2.1 and 2.2 of the Warrant; any common stock Issued upon conversion of preferred stock outstanding on the date of the Warrant; the Shares; or common stock Issued as incentive or in a nonfinancing transaction to employees, officers, directors, or consultants to the Company.

  • Wastewater treatment unit means a device which:

  • Local public procurement unit means any political subdivision or unit thereof which expends public funds for the procurement of supplies, services, or construction.

  • Family Unit means the Employee and his or her Dependents covered under the Plan.

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • Additional Common Stock herein shall mean in the most broadest sense all shares of Common Stock hereafter issued by the Borrower (including, but not limited to Common Stock held in the treasury of the Borrower and common stock purchasable via derivative security or option on the date of such grant ), except Common Stock issued upon the conversion of any of this Convertible Note or Warrant.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Private Placement Units shall have the meaning given in the Recitals hereto.

  • BRRD II means Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC.

  • Fund Share means the share, unit, or other evidence of ownership in a Permissible Investment.

  • Spending unit means the department, bureau, division, office, board, commission,

  • car-share means the practice where a number of people share the use of one or more cars that are owned by a profit or non-profit car-sharing organization and where such organization may require that use of cars to be reserved in advance, charge fees based on time and/or kilometres driven, and set membership requirements of the car-sharing organization, including the payment of a membership fee that may or may not be refundable;

  • Company Security means any class or series of equity or voting interest in the Company (but excluding any options, rights, warrants and appreciation rights relating to an equity or voting interest in the Company), including Common Shares and the Voting Share.