Parent Activities definition
Examples of Parent Activities in a sentence
During the sixty (60) day period following Parent’s receipt of such notice, Parent shall have the right to acquire from the SpinCo Group the business operations of the SpinCo Acquired Business related to Parent Activities (the “Related Parent Business”) for a cash purchase price equal to the price actually paid by the SpinCo Group for the Related Parent Business.
Parent acknowledges that in the course of acquiring business entities or assets (“SpinCo Acquired Entities”), the SpinCo Group may wish to acquire a SpinCo Acquired Entity that engages in the Parent Activities as part of its business activities.
In light of the foregoing, SpinCo acknowledges that, in order to protect adequately the interest of the Parent Group in the Parent Business and the goodwill associated therewith, it is essential that any noncompetition covenant with respect thereto cover all Parent Activities throughout the entire world on the terms and conditions set forth in Section 2.15(b).
Other than its ownership of Stock and the obligations evidenced by the Loan Documents, Parent does not engage in any business activities (other than Permitted Parent Activities) and has no Indebtedness or any other liabilities.
To participate in the Delta Charter School Parent Activities scheduled throughout the year, including but not limited to, PTO meetings, fundraisers, sporting events, special programs, recognition and awards ceremonies, etc.
Except as otherwise described in DISCLOSURE SCHEDULE (6.20), none of the Credit Parties other than Borrowers (including specifically Parent) shall engage in any trade or business (other than, in the case of Parent, the Permitted Parent Activities), or own any assets (other than Stock of their Subsidiaries) or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations).