Transferred definition
Examples of Transferred in a sentence
Following the Closing, the Buyer shall and shall cause the applicable Transferred Subsidiaries to maintain such policy in full force and effect, and continue to honor the obligations thereunder.
Following the Closing, the Buyer shall and shall cause the applicable Transferred Subsidiaries to maintain such policies in full force and effect, and continue to honor the obligations thereunder.
Seller and ▇▇▇▇▇ acknowledge and agree that, notwithstanding anything to the contrary contained herein, Buyer shall be permitted to use cash on the balance sheet of the Transferred Subsidiaries to settle a portion of its payment obligations pursuant to this Agreement (other than its obligations pursuant to Section 2.2(d)(i)).
The Buyer shall pay for the full costs of such tail policy for the Transferred Subsidiaries; provided, that in no event shall the full costs of such tail policy exceed $2,000,000.
The Buyer acknowledges and agrees that, except as otherwise expressly provided in an Ancillary Agreement, effective as of the Closing Date, all Overhead and Shared Services provided to the Transferred Subsidiaries or the Business shall cease and the Seller and its Affiliates shall have no further obligation to provide any such Overhead and Shared Services to the Transferred Subsidiaries or the Business.