Transitional Transacting Entity definition
Transitional Transacting Entity means each RemainCo Retained Entity that is subject to a Forward Carve-Out and that is identified by the Separation Committee as transacting directly with distributors, customers, suppliers or the principal of the Seller’s Group, in connection with the DivestCo Business, in accordance with Clause 3.9.
Transitional Transacting Entity has the meaning given to it in Clause 3.1;
Transitional Transacting Entity has the meaning given to such term in the Separation Agreement;
Examples of Transitional Transacting Entity in a sentence
The terms of each Transitional Transacting Agreement shall ensure that, from the Separation Effective Time until the relevant Delayed Transfer Time, each Transitional Transacting Entity shall provide the relevant Non-Transacting Entity, within ten (10) days of the last Business Day of each calendar month, an individual report for the purposes of calculating the Net Economic Benefit in a form to be determined by the Separation Committee acting reasonably.