Examples of Retained Group Member in a sentence
The Seller undertakes to the Purchaser that it shall (and shall procure that each Retained Group Member and each individual who is part of the Seller Deal Team shall) keep confidential the terms of this Agreement.
No Retained Group Member or Acquired Group Member was a member of a controlled group under Code Section 414(b) or (c) (“Controlled Group”) during any period in which any member of the Controlled Group incurred a withdrawal liability to a Multiemployer Plan or which incurred delinquent contributions to a Multiemployer Pension Plan, which withdrawal liability or delinquent contributions were not satisfied in full.
The terms of such amended Demutualisation Schemes (as they affect any Retained Group Member) shall be subject to the prior written consent of the Seller.
Seller hereby grants to Purchaser a [**], [**], [**], [**], [**]license to use Know How of the Seller and any Retained Group Member to develop, manufacture, import, export, distribute, sell, and use Products.
No liability shall arise in respect of any breach of any of the Warranties (other than the Tax Warranties) to the extent that allowance, provision or reserve in respect of such matter shall have been made in the Accounts or is reflected in the Accounts as a Tax liability to be borne or discharged by a Retained Group Member (and is so borne or discharged) or has otherwise been taken account of or reflected in the Accounts.
With respect to events or circumstances relating to a Group Member that occurred or existed prior to Completion that are covered by an insurance policy issued by a third party and in the name of a Retained Group Member (a “Relevant Group Policy”), the Purchaser or a Group Member may following Completion make a claim under such policy.
After Completion, except as otherwise provided herein or in any Transaction Documents (or as otherwise already agreed or agreed between the relevant Group Member or Retained Group Member after Completion), all trading or dealings between Group Members and Retained Group Members shall be on arms length terms and payment or reimbursement therefor shall be made on 30 day payment terms.