Examples of Permitted Seller in a sentence
The Seller and its Subsidiaries may, from time to time, make Permitted Seller Competing Business Investments, and thereafter participate as an owner, partner or principal, in the investee businesses regardless of whether they compete with the Purchaser Business.
Such Loan Party has given fair consideration and reasonably equivalent value to the Originator (or such other Permitted Seller) in exchange for the purchase of the Loan Assets (or any number of them) from the Originator (or such other Permitted Seller) pursuant to the applicable Purchase and Sale Agreement.
The subordination provisions of any Permitted Seller Notes, if any, will be enforceable against the holders thereof, and the Loans and other monetary obligations hereunder are and will be within the definition of "Senior Indebtedness" included in such provisions.
NeoSan will include in all sublicenses granted in accordance herewith, and any other agreements enabling a Third Person to be a Permitted Seller, an audit provision substantially similar to the foregoing requiring such Permitted Seller to keep full and accurate books and records relating to sales of Products and NeoSan New Products thereby and granting Lilly the right to have an independent public accounting firm audit the accuracy of the information reported by the sublicensee in connection therewith.
For purposes of this Agreement, a Net Sale of Product will be deemed to have been made by Lilly, NeoSan or a Permitted Seller, as applicable, as of the recorded sale date according to GAAP, without regard to whether its customer has actually paid Lilly, NeoSan or a Permitted Seller, as applicable.