TL Business definition
TL Business means the business that, after giving effect to the Corporate Reorganization Transactions and the Distribution, is conducted by TL or the TL Subsidiaries.
Examples of TL Business in a sentence
Without limiting the generality of Section 2.02 and except as otherwise expressly provided in this Agreement, on or before the Record Date, TRVL shall (and, if applicable, shall cause any other Person over which it has direct or indirect control to), assign, transfer and convey to TL all its (or such other Person's) right, title and interest in and to the TL Business.
Each of TRVL and TL shall as soon as practicable after the Distribution Date transport (at TL's expense) to TL the Books and Records in its possession that relate primarily to the TL Business or are necessary to operate the TL Business (collectively, the "TL Records").