Common use of Parent Policies Clause in Contracts

Parent Policies. Sellers acknowledge that Parent has implemented --------------- policies regarding the operation of subsidiary entities such as the Company will be following the Merger. Sellers acknowledge and agree that such policies, or any such amended or replacement policies that are reasonably similar in scope, nature or effect, are anticipated to be in place following the Merger, and Sellers hereby indicate their intention to act in substantial compliance with all such policies. Such policies shall not provide for Parent overhead allocations from Parent to Company or Sub, unless otherwise agreed in advance by the parties.