Examples of Approved Purchaser in a sentence
Where the Parties are unable to secure a novation or assignment, the Selling Entity undertakes to provide equivalent services at cost until the Approved Purchaser is able to enter into a contract for those services, provided that the Approved Purchaser at all times and at its cost uses reasonable endeavours to enter such contract as soon as practicable.
As required by Recticel and/or Carpenter, the Approved Purchaser (or, for the purpose of this paragraph 6 of Annex 4, Recticel Limited) may enter into reverse transitional services agreements with Carpenter and/or Recticel pursuant to which the Approved Purchaser shall provide Recticel Insulation UK Limited and/or Recticel Engineered Foams Corby Limited with necessary transitional back-office services relating to human resources, VAT and/or UK finance matters for up to[✄] from the Completion Date.
The CMA will advise the Parties whether any potential purchaser is an Approved Purchaser within a reasonable period from the time the CMA concludes it has received sufficient information about the potential purchaser.
For those contracts subject to change of control provisions or requiring consent before assignment or transfer, the Selling Entity will use reasonable endeavours to obtain the consent of the relevant contracting parties to ensure the Approved Purchaser receives the benefit of all rights and obligations under those contracts.
As necessary, the Selling Entity will use reasonable endeavours to assist the Approved Purchaser to obtain relevant licenses, permits and authorisations in its own name and, if necessary, will cooperate to the extent reasonably possible to enable the Approved Purchaser to operate the Divestment Business under the existing licenses, permits or authorisations pending grant of a new license, permit or authorisation so far as needed.