Noncompetition Party means Seller and, as of any time, any entity that is a direct or indirect Subsidiary of Seller.
Noncompetition Party means PKI and any direct or indirect majority-owned subsidiaries of PKI (or entities otherwise controlled by PKI or its subsidiaries) while (but only while) such entity is a direct or indirect majority-owned subsidiary of PKI (or otherwise so controlled), it being understood that, for purposes of this definition, “controlled” means the actual power to cause the entity to take an action through contractual provisions or the power to elect a majority of members of the board of directors or similar governing body of such entity.
Noncompetition Party means PKI and any direct or indirect Subsidiaries of PKI while (but only while) such entity is a direct or indirect Subsidiary of PKI.
Examples of Noncompetition Party in a sentence
Upon notification of such opportunity, the Buyer shall thereafter have 20 days to enter into an agreement with such Noncompetition Party to provide such services.
In connection with or as a result of the opportunity to negotiate set forth in this subparagraph, the applicable Noncompetition Party and the Buyer agree to negotiate in good faith; provided, however, neither the Seller nor any other Noncompetition Party shall have any obligation to enter into any agreement with the Buyer.
If for any reason the Buyer has not entered into such an agreement within such 20-day period, such Noncompetition Party shall be free to enter into such an agreement with another party on any terms whatsoever.
Company and DCIP (the “Noncompetition Parties”) each acknowledge that the foregoing restriction on competition is fair and reasonable under the circumstances and necessary in order to protect and preserve the business interests of each Noncompetition Party.
Each Noncompetition Party therefore acknowledges that the foregoing restrictions on its future business activities are fair and reasonable.
More Definitions of Noncompetition Party
Noncompetition Party means each of the Sellers and each of their respective Subsidiaries while (but only while) such entity is a Subsidiary of such Seller.
Noncompetition Party means the Seller and any Subsidiary of the Seller, and "Subsidiary" means any corporation, partnership, trust, limited liability company or other non-corporate business enterprise in which the Seller (or another Subsidiary) holds stock or ownership interests representing more than 50% of the voting power of all outstanding stock or ownership interest of such entities.
Noncompetition Party means the Parent and any Subsidiary of the Parent while (but only while) such entity is a Subsidiary of the Parent, and
Noncompetition Party means each of -------------------- Seller, each Parent and any direct or indirect majority-owned subsidiaries of Seller or any Parent (each, a "Controlled Subsidiary") while (but only while) --------------------- such Controlled Subsidiary is a direct or indirect majority-owned subsidiary of Seller or any Parent. For avoidance of any doubt, (I) the Parties acknowledge that the Parents are in the process of organizing a new subsidiary (the "BioMedical Subsidiary") to engage in the business of developing, --------------------- manufacturing, selling, reselling and servicing medical devices, including respiratory devices and neurodiagnostic products, and components, parts and accessories with respect to each of the foregoing, (II) it is currently anticipated that, subject to the receipt of all necessary consents and approvals, Thermo Electron Corporation will "spin-off" the BioMedical Subsidiary to its stockholders (the "Spin-Off"), and (III) the Parties agree that the -------- restrictive covenants contained in this Section 10.2 shall apply to the BioMedical Subsidiary only while the BioMedical Subsidiary is a direct or indirect majority-owned subsidiary of any Parent and not after the Spin-Off. Furthermore, for the avoidance of any doubt, Seller and Parents will not sell, license, transfer or assign any Intellectual Property to the BioMedical Subsidiary or any other Controlled Subsidiary in order to enable the BioMedical Subsidiary or such other Controlled Subsidiary to, directly or indirectly, own, manage, operate or control, during the Noncompetition Period, any Competitive Business.
Noncompetition Party means each of Seller, Nortel Networks Corporation and Nortel Networks Limited and each of their direct or indirect majority-owned subsidiaries (collectively, the "Nortel Networks Companies") while (but only while) such entity is a direct or indirect majority-owned subsidiary of the Nortel Networks Companies, except that such defined term shall not include "Arris Group, Inc."
Noncompetition Party means the Parent (its officers and directors) and all Affiliates thereof.
Noncompetition Party means the Parent and any Subsidiary of the Parent while (but only while) such entity is a Subsidiary of the Parent and "Subsidiary" means any corporation, partnership, trust, limited liability company or other non-corporate business enterprise in which the Parent (or another Subsidiary) holds stock or other ownership interests representing more than 50% of the voting power of all outstanding stock or ownership interests of such entity; provided, however, Noncompetition Party shall not include any party with which the Parent merges or any party that purchases or otherwise acquires the Parent, and the Buyer hereby acknowledges that the terms of this Section 7.2 shall not be binding upon any party to any such merger, purchase or acquisition.