Divestment Sample Clauses

Divestment. 16.1 If there is any Divestment, which AIB or an AIB Affiliate is required to undertake in connection with a Resolution Event, any Divested Entity shall be entitled to continue to enjoy the benefit of such Goods and/or Services provided by the Supplier which it is receiving pursuant to an Agreement for a period of up to twenty four (24) months from the date of the Divestment on the terms of the Agreement.
Divestment. Each Party may, at any time during the Development of a Collaboration Product, seek to Divest its then current ownership share of the Collaboration Product to a Third Party and exit the collaboration hereunder without further obligations. Execution Version
Divestment. Subject to the terms set forth in Section 18, in the event of a Divestiture by either Party (as Grantee), the applicable Divested Entity shall continue to enjoy, after the date of the Divestiture, the benefit of the licenses and other rights granted to the Divested Business under this Agreement. The licenses and other rights granted to the Divested Entity shall not apply to any products, components or services of such Divested Entity (which, for clarity, in the case the Divested Business becomes a part of another entity, means the products, components or services of such entity, and not those of the Divested Business) existing prior to the date of the Divestiture.
Divestment. The Buyer acknowledges that no sale, license, divestment or delegation of its rights or obligations pursuant to this Agreement or any of the material rights related to the exploitation of the Milestone Products in the United States that are acquired by the Buyer pursuant to the Transactions shall be effective to relieve the Buyer of its obligations hereunder, except to the extent expressly consented to in writing by the Sellers (prior to the Closing) or the Shareholders’ Representative (after the Closing). Without limiting the foregoing, prior to the earlier of (i) the achievement of the Phase I Initiation Milestone or (ii) the second anniversary of the Closing Date, except (A) in connection with a sale, license, assignment, transfer or other divestment of all or substantially all of the assets of the Buyer, or (B) with the express consent in writing of the Shareholders’ Representative, the Buyer shall not sell, exclusively license, assign, transfer or otherwise divest any of the material rights related to the exploitation of the Milestone Products in the United States that were acquired by the Buyer pursuant to the Transactions. Section 2.11.
Divestment. The Grantee shall divest from any investment in companies that, at the time the Grantee responds to a solicitation of bids from the Commission, derive more than 15 percent of their revenues from tobacco products.
Divestment. 5.1. In case ING divests part of its business or (part of) an Associated Company (the “Divested Entity”) that receives the Product(s) and/or Service(s) under the Agreement, the following will apply:
Divestment. If OHM determines to divest the Company while the Shareholders remain employed by the Company, OHM shall (i) provide the Shareholders with thirty days notice prior to any such divestment and (ii) permit the Shareholders to submit a proposal to acquire the Company from OHM. REMAINDER INTENTIONALLY LEFT BLANK
Divestment. Buyer and Gulf Island hereby agree not to sell the Assets until the Chevron Tahiti Project is completed; provided, however, that, prior to such time, Buyer may sell or otherwise dispose of (i) the Owned Real Property in Refugio, Texas and all improvements and Personal Property thereon, (ii) any obsolete, damaged or destroyed equipment or inventory, (iii) any inventory or equipment that is incorporated into work delivered to customers, and (iv) any other Assets that are not material to the continued operation of the Business.
Divestment. In the case of capital contributions or shareholder loans that are required to be made by the Company to PMCL pursuant to Clause 9.1 of the PMCL Shareholders Agreement, if the Non-Defaulting Shareholders have not elected to purchase all of the Subject Shares, the Company shall, on the due date of the making of the capital contributions or the shareholder loans to PMCL or within the cure period stipulated in Clause 16.3(d) of the PMCL Shareholders Agreement, make such part of its required capital contributions or shareholder loans with the funds that have been provided by the Non-Defaulting Shareholders. The parties agree that thereupon the Company shall have the right to purchase the Shares held by the Defaulting Shareholder or to otherwise cause the Defaulting Shareholder to divest its Shares in consideration for the transfer by the Company to the Defaulting Shareholder of such number of shares of PMCL that is attributable and corresponds to the shareholding percentage in the Company of the Defaulting Shareholder, with the result that the Defaulting Shareholder shall become a direct shareholder of PMCL. Each Shareholder covenants that, if it is a Defaulting Shareholder, it shall execute and deliver a deed of adherence, substantially in the form of Exhibit C to the PMCL Shareholders Agreement. Immediately following the transfer of shares of PMCL to the Defaulting Shareholder, the Defaulting Shareholder shall be deemed to have been in default under Clause 16.3(d) of the PMCL Shareholders Agreement by virtue of having failed to fund its share of the capital contributions or shareholder loans that should have been made by it originally to the Company, and the Company (as so constituted with only the Non-Defaulting Shareholders as its shareholders) shall, together with the other shareholders of PMCL, have the right to purchase the shares of PMCL held by the Defaulting Shareholder in accordance with Clause 16.5 of the PMCL Shareholders Agreement.