Acquiring Entity Sample Clauses
The "Acquiring Entity" clause defines the party that is purchasing or otherwise obtaining ownership or control of another company, business, or set of assets in a transaction. This clause typically specifies the legal name and relevant details of the acquiring party, clarifying their rights and obligations under the agreement. By clearly identifying the acquiring entity, the clause ensures there is no ambiguity about which party is responsible for fulfilling the buyer's duties, thereby preventing disputes and ensuring a smooth transfer of ownership or control.
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Acquiring Entity. At Purchaser's election, Purchaser may assign its rights to acquire the Shares as provided in this Agreement to a wholly-owned subsidiary of Purchaser, newly-formed for such purpose, in which case, on the Closing Date, Seller shall transfer the Shares to such subsidiary.
Acquiring Entity. Sitestar Corporation (the “Buyer” “Sitestar”) incorporated in the State of Nevada, and/or an affiliate, will purchase the assets of (the “Purchase” or the “Transaction”) Network Management, Inc. (“Seller,” or the “Company”) incorporated in North Carolina (collectively the “Company”); its assets currently owned by ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Jr., ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ (the “Owners”).
Acquiring Entity. Subject to any required action by the stockholders, if the Company shall be the surviving or resulting corporation in any merger, consolidation or share exchange, any Incentive granted hereunder shall pertain to and apply to the securities or rights (including cash, property, or assets) to which a Participant would have been entitled.
Acquiring Entity. ▇▇▇ ▇▇▇▇▇▇▇▇, a qualified buyer, (the “Buyer”) and an unincorporated individual, will purchase (the “Purchase” or the “Transaction”) the customer base, hardware, software and any other intellectual property (the “Assets”) of Sitestar Applied Technologies, Inc.(“SAT”), a wholly owned subsidiary of Sitestar Corporation, (the “Seller” or the “Company”), incorporated in the State of Nevada.
Acquiring Entity. Acquiring Entity" means, with respect to any Project, the DEVCO Entity that acquired such Project pursuant to the provisions of Article 3 or Article 4 hereof or, with respect to any Facility, the DEVCO Entity that acquired the Project pursuant to the provisions of Article 3 or Article 4 hereof that, upon completion of such Project, resulted in such Facility.
Acquiring Entity. The parties agree that the Joint Venture itself will not acquire any Consumer Obligations, and that its subsidiary Inovision-Meclr-NCOP-F, L.L.C. will acquire all Consumer Obligations to be financed by Cargill and that its subsidiary Inovision-Medclr-NCOP-NF, L.L.C. will acquire all other Consumer Obligations. In the event that the Joint Venture is the successful bidder on an asset pool which the Joint Venture bid upon in accordance with the terms hereof, it shall acquire such asset pool unless both members of the Board of Managers determine otherwise.