Examples of Western Union Parties in a sentence
Each of the Western Union Parties and each of their Affiliates, as appropriate, shall be responsible for all administrative and financial matters relating to insurance policies established and maintained by the Western Union Parties and each of their Affiliates for claims relating to any period at or after the Effective Time involving any Western Union Party or any of its Affiliates.
Subject to the provisions of this Agreement, (a) the First Data Parties shall retain all of their respective rights, benefits and privileges, if any, under the First Data Policies and (b) coverage of the Western Union Parties under the First Data Policies shall cease as of the Effective Time.
Western Union hereby grants to the First Data Parties and First Data hereby grants to the Western Union Parties for a period of 180 days following the Distribution Date, a non-exclusive, non-transferable, fully-paid and royalty-free license to use their respective corporate names (the “Marks”) on stationery and signage used in their respective businesses as of the Effective Time.
The Western Union Parties shall forgive the First Data Net Intercompany Payable and the First Data Parties shall forgive the .
Western Union Systems and any and all enhancements thereof or improvements thereto are and shall remain the sole exclusive property of the Western Union Parties and their suppliers.
One or more First Data Parties shall pay to one or more Western Union Parties by wire transfer of immediately available funds to an account specified in writing by a Western Union Party an amount equal to the First Data Intercompany Notes Payable in full satisfaction thereof.
Prior to the Distribution, all of First Data’s representatives or designees shall have resigned or been removed as officers and from all Boards of Directors or similar governing bodies of the Western Union Parties, and all of Western Union’s representatives or designees shall have resigned or been removed as officers and from all Boards of Directors or similar governing bodies of the First Data Parties.
It is understood that any Claims Made Policies may not provide any coverage to the Western Union Parties for incidents occurring prior to the Effective Time but that are asserted with the insurance carrier after the Effective Time.
One or more Western Union Parties shall pay to one or more First Data Parties by wire transfer of immediately available funds to an account specified in writing by a First Data Party an amount equal to the Western Union Intercompany Notes Payable in full satisfaction thereof.
The applicable First Data Parties and the applicable Western Union Parties shall execute and deliver to the other the Transaction Agreements to which they are intended to be a Party, it being understood that, among other things, certain interests in intellectual property shall be assigned by First Data to Western Union pursuant to the terms of the Patent Ownership Agreement.