Retained Companies definition
Examples of Retained Companies in a sentence
The Seller and the Purchaser shall cooperate in good faith to ensure that, not later than immediately prior to the Closing Date, the Business Employees, on the one hand, and the non-Business Employees who are employed by the Seller or the other Retained Companies, on the other hand, occupy separate work locations, unless the Seller determines in good faith that such separation is unnecessary.
With respect to any other Credit Support, Purchaser and the Acquired Companies shall indemnify and hold harmless the Retained Companies against and reimburse the Retained Companies for any amounts required to be funded by the Retained Companies to satisfy the terms of such Credit Support (but not the fees and expenses required to maintain such Credit Support).