Examples of Stand Alone Business in a sentence
This approach provides that the minimum alternative tax payable on income for the previous year (for which a transfer pricing adjustment is made in the books of account) does not exceed the minimum alternative tax payable on book profits for the prior years, after taking into account and including the transfer pricing adjustment.
It is understood and agreed that, notwithstanding anything to the contrary contained herein, Grupo Televisa shall not pursue a Stand Alone Business that consists primarily of the ownership and/or operation of a Spanish language Linear Television Channel in the Territory during the Term.
In the event that Grupo Televisa accepts the opportunity to participate in the Stand Alone Business, then Univision Group may acquire fifty percent (50%) of the Stand Alone Business with Grupo Televisa acquiring fifty percent (50%) (or such other allocation of ownership as agreed by Licensee and Licensor in good faith), and Licensee and Licensor will agree in good faith on the business and financial objectives and business plan and the management of the Stand Alone Business.
In such event, the parties shall mutually agree on the appropriate treatment and allocation of revenues derived or generated from, and costs paid or incurred with respect to, the Stand Alone Business.
In the event that Licensee or one of its controlled Affiliates accepts the opportunity to attempt to acquire the Stand Alone Business, then Licensee will negotiate the proposed acquisition in good faith with the seller of the Stand Alone Business and pay all costs relating to the acquisition.
In such event, the parties shall mutually agree on the appropriate treatment and allocation of revenues derived or generated from, and costs paid or incurred with respect to, the Stand Alone Business (which treatment and allocation, for the avoidance of doubt, may involve the exclusion of all or a portion of any revenues from the Royalty Base).
In the event that Licensor notifies Licensee of a Proposed New Business opportunity pursuant to Section 16.1(a) or Grupo Televisa offers an opportunity to seek to acquire a Stand Alone Business pursuant to Section 16.2(a) this New Business Committee shall promptly consider such opportunity and advise the Board of Directors of BMPI as to whether to pursue the opportunity.
Concurrently with the delivery of the aforementioned notice, Licensor will provide Licensee with information, if any, that Univision Group has used (as of the time of such delivery) to evaluate the opportunity that is reasonably necessary and appropriate for Licensee’s consideration of such Stand Alone Business (but not information which includes information regarding other businesses of Univision Group), subject to any legal or third party contractual confidentiality restriction.