Examples of Seller Group Entity in a sentence
The parties agree that agreements in effect as of the Closing Date between any Company Group Entity, on the one hand, and any Seller Group Entity, on the other hand, listed on Schedule 7.16(a), shall terminate as of the Closing Date and listed on Schedule 7.16(b), shall continue in effect.
The Company has applied this standard on a modified retrospective basis, where the cumulative effect of initially applying the standard is recognized as an adjustment to the opening balance of retained earnings and comparative balances are not restated.
Seller shall not (and shall cause each other Seller Group Entity not to) (x) change the terms of any agreement listed on Schedule 7.16(b) in effect as of the Closing Date, or (y) unilaterally terminate any such agreement during its respective current effective term without a cause for such termination; provided that, prior to giving any notice of termination with cause, Seller shall consult with Company or the relevant Company Group Entity.
This Agreement constitutes a legal, valid and binding obligation of each Seller Group Entity, enforceable against such Seller Group Entity in accordance with its terms, except to the extent enforcement may be affected by Applicable Laws and regulations relating to bankruptcy, reorganization, insolvency and creditors’ rights and by the availability of injunctive relief, specific performance and other equitable remedies.
The Purchasers’ Agent shall not be bound to disclose to any Person any information relating to any Seller Group Entity if such disclosure would or might in its opinion in its sole discretion constitute a breach of Applicable Law or be otherwise actionable at the suit of any Person.
Each Seller Group Entity authorizes the Purchasers to share among each other any information possessed by any of them regarding the Seller Group Entities, subject to obligations of the Purchasers under Article 22.
The Parties are aware that the Seller is currently conducting a process of archiving documents and electronic data of the Business which are required by Seller or any Seller Group Entity for Tax and other purposes (herein “Archiving Process”).
Following the termination of the Credit Agreement, the Purchasers shall, in connection with the entry by a Seller Group Entity into Permitted Senior Debt, at the request, cost and expense of the Seller Group Entities, agree to subordinate the Security in favour of security being granted to the lenders under such Permitted Senior Debt, subject to the entry into an intercreditor agreement, satisfactory to the Purchasers’ Agent, acting reasonably.
Each Seller Group Entity expressly attorns to such proceedings and waives any objections on the basis of jurisdiction, including forum non conveniens.
The Seller shall not, the Seller Guarantors (if any) shall not, and the Seller shall ensure that the Seller Guarantors (if any) shall not merge or amalgamate with another entity within a Seller Group Entity if such merger or amalgamation would adversely impact the Purchaser’s rights under this Agreement or any other Document.