Divested Person definition

Divested Person means each Person (other than the Company or its Subsidiaries) in which the Company or any of its Subsidiaries, at any time during the last five (5) years, owned any capital stock, membership interest, partnership interest, joint venture interest or other equity or voting interest (including options, warrants, rights, commitments or arrangements to acquire or that are convertible into or exchangeable for any such stock or interests ) or otherwise possessed at any time during the last five (5) years, directly or indirectly, the power to direct or cause the direction of the management or policies of such Person.
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Examples of Divested Person in a sentence

  • To the Company’s Knowledge, there exist no facts or circumstances which have given, or could hereafter give, rise to a claim against the Company or any of its Subsidiaries, or any Liability based on, arising out of, related to or in connection with any Divested Person or its past, present or future business or operations.

Related to Divested Person

  • Interested Person shall have the meaning given it in Section 2(a)(19) of the 1940 Act;

  • Interested Party means a person:

  • Unrelated Person means any Person other than (i) a Subsidiary of Borrower or (ii) an employee stock ownership plan or other employee benefit plan covering the employees of Borrower and its Subsidiaries.

  • Permitted Person shall have the meaning set forth in the definition of “Change of Control.”

  • interested persons and “Assignment” shall have their respective meanings as set forth in the 1940 Act, subject, however, to such exemptions as may be granted by the Commission under the 1940 Act or any interpretations of the Commission staff.