Hold Separate Trustee definition
Examples of Hold Separate Trustee in a sentence
Purchaser Parent and US Purchaser acknowledge and agree that Graco’s and its Affiliates’ ability to provide Purchaser Parent and its representatives with information about the Liquid Finishing Business is in all respects subject to the limitations imposed by the FTC (including, but not limited to, the Final Order and the Hold Separate Trustee.
Pursuant to that order, the Commission has appointed ▇▇▇▇▇ ▇▇▇▇ as Hold Separate Trustee to oversee Genevac prior to its divestiture and to ensure that Thermo complies with its obligations under the Consent Agreement.
Pursuant to the Consent Agreement, Thermo is required to divest Genevac to a Hold Separate Trustee who is charged with the duty of monitoring Thermo’s compliance with the Consent Agreement.
Sellers will provide to Buyers access to all books and records of the Business and will afford reasonable access to the Hold Separate Trustee and Hold Separate Managers.
Graco and Graco US Finishing Brands shall in good faith work with the Hold Separate Trustee to cooperate and assist, to the extent reasonably requested by Purchaser Parent and its representatives, with Purchaser Parent’s investigation of the properties, assets, and financial condition of the Liquid Finishing Business.