Separated Business definition
Examples of Separated Business in a sentence
From the date of this Agreement until the Distribution, except as separately provided in the next sentence, Remainco shall be entitled to use, retain or otherwise dispose of all Cash Equivalents generated by the Separated Business and the Separated Assets in accordance with the ordinary course operation of Remainco’s cash management systems.
Notwithstanding anything to the contrary herein, Service Provider shall not be obligated to indemnify any Service Recipient Indemnitee for any actions giving rise to indemnification hereunder if such actions were consistent with the manner in which the Separated Business or Remainco Business, as applicable, was operated prior to the Distribution.
Further, promptly after a Separation Event, the Separated Business will execute in writing an agreement to be bound by all the obligations of Motorola under this Agreement with respect to such rights and obligations assigned to such Separated Business in such Separation Event, and a copy of such agreement will be provided to Meru.
In no event shall the Separation Event result in Meru’s being required to increase its obligations under, scope of license or payments owed as a result of this Agreement, or decrease or diminish the rights enjoyed by Meru pursuant to this Agreement, and in no event shall a Separated Business enjoy any of the rights of Motorola under this Agreement without also accepting the associated Motorola obligations and limitations hereunder.
All Alcan P.B. Plans sponsored by a Separated Entity or a Separated Business or covering exclusively Employees or Former Employees shall be continued by or, as applicable, assigned to and assumed by Novelis or the relevant other members of the Novelis Group as of the Effective Time.