Divested Assets definition
Examples of Divested Assets in a sentence
If the Parties are unable to agree upon the Divested Assets Value within fifteen (15) days of Acquirer’s delivery to NRGY of the Divestiture Notice, then such dispute shall be resolved promptly by an Expert chosen by NRGY from a list of three (3) Experts proposed by Acquirer, with costs of such Expert borne equally by NRGY and Acquirer.
Up to the Time of Closing and following Closing, the Divested Assets shall be at the risk of the Purchaser.
The other Party shall have the right to purchase the Divesting Party's interest in the Divested Asset(s) for fair consideration.
The fee payable to the Master Servicer as compensation for its services under this Agreement, which shall constitute all income and earnings on the amounts on deposit in the Certificate Distribution Account as provided in Section 4.01(e).
If any governmental agency requires either Party (the "Divesting Party") (including, but not limited to pursuant to a consent decree) to divest its interest to any Licensed Products or this Agreement (the "Divested Asset(s)"), the Divesting Party shall provide written notice of such a requirement to the other Party within thirty (30) days of its first notice of such a condition that has been made final.