Examples of Dividing Person in a sentence
A Dividing Person which retains any of its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor upon the occurrence of such Division.
No Loan Party will, nor will it permit any Subsidiary to, consummate a Division as the Dividing Person.
No Loan Party will, nor will it permit any Subsidiary to, consummate a Division as the Dividing Person, without the prior written consent of the Lender.
It expressly excludes from the definition, under Article 1.3, legal provision regarding nationality, citizenship or naturalisation, provided that such provisions do not discriminate against a particular nationality.
No Loan Party will, nor will it permit any Subsidiary to, consummate a Division as the Dividing Person, without the prior written consent of Lender, which consent shall not be unreasonably withheld.