Divested Business definition
Examples of Divested Business in a sentence
EY may, from time to time, restructure, sell or transfer an EY Network Member, in whole or in part (a "Divestment" with the sold, transferred, or restructured EY Network Member, or part of an EY Network Member, becoming a "Divested Business").
In the event of a partial assignment or novation as contemplated above, the Charges will be adjusted on a pro rata basis between EY and the Divested Business consistent with the pricing terms agreed under this Purchase Order.
Such modifications shall not be effective until the Divested Business or the acquiror thereof, as required by Equifax, has entered into a license agreement with the appropriate member of the Equifax Group incorporating the terms of Section 4.1 and Section 4.2 and such other terms as Equifax reasonably deems appropriate for the protection of its interests in the Licensed Equifax Materials.
The Divested Business will be solely responsible and liable for any Services and Deliverables purchased by the Divested Business after the divestiture.
On the Closing Date, (i) all of the conditions to effecting or consummating the sale of the Divested Business set forth in the Divested Business Documents have been duly satisfied or, with the consent of Administrative Agent, waived, and (ii) the sale of the Divested Business has been consummated in accordance with the Divested Business Documents and all applicable laws.