Divestment definition

Divestment means the sale at arm's length, or the placement in trust, of assets, where continued ownership by an individual participating in the network would constitute a potential, apparent or actual conflict of interest with the participant's network duties and responsibilities.

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Divestment means the disposal of any nonexempt resource for a value received which is less than the net market value.

Divestment has a corresponding meaning.

Examples of Divestment in a sentence

By entering into this Agreement, Contractor certifies in accordance with State Finance Law §165-a that it is not on the “Entities Determined to be Non-Responsive Bidder/Offerer pursuant to the New York State Iran Divestment Act of 2012” (“Prohibited Entities List”) posted at: ▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/about/regs/docs/ListofEntities.pdf Finance Law §165-a) is in violation of the above- referenced certifications, the state agency will review such information and offer the person an opportunity to respond.
By entering into this Agreement, Contractor certifies in accordance with State Finance Law §165-a that it is not on the “Entities Determined to be Non-Responsive Bidders/Offerers pursuant to the New York State Iran Divestment Act of 2012” (“Prohibited Entities List”) posted at: ▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/about/regs/docs/ListofEntities.pdf limited to, imposing sanctions, seeking compliance, recovering damages, or declaring the Contractor in default.
All rights and obligations of either Party under this Agreement, including Termination Payments and Divestment Requirements, shall survive the Termination to the extent such survival is necessary for giving effect to such rights and obligations.
By entering into this Agreement, Contractor certifies in accordance with State Finance Law §165-a that it is not on the “Entities Determined to be Non-Responsive Bidders/Offerers pursuant to the New York State Iran Divestment Act of 2012” (“Prohibited Entities List”) posted at: ▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/about/regs/docs/ListofEntities.pdf Contractor further certifies that it will not utilize on this Contract any subcontractor that is identified on the Prohibited Entities List.
As a result of the Iran Divestment Act of 2012 (Act), Chapter 1 of the 2012 Laws of New York, a new provision has been added to the State Finance Law (SFL), § 165-a, effective April 12, 2012.

More Definitions of Divestment

Divestment means a transaction that involves the disposal, in whole or in part, of an organisation’s business, services or assets and liabilities where the Board of Directors has made a decision to do so.

Divestment means action taken by an Issuer to require or effect the disposal of Financial Products.

Divestment means a transaction that involves the disposal, in whole or in part, of an organisation’s business, services or assets and liabilities

Divestment means the sale of the Divestment Business;

Divestment means an event during Contract Period 1 or Contract Period 2 pursuant to which Label or Orchard (or an Affiliate thereof) loses rights to a multi-artist catalog of Authorized Recordings that it had rights to for a period of at least twelve (12) months immediately prior to such event, pursuant to the sale, closure, bankruptcy, or expiration of distribution agreement of any catalog or label owning or controlling such rights, provided that in the case of Orchard such event will only count for the purposes of this definition if it relates to the sale, closure, bankruptcy, or expiration of a distribution agreement with one of the ten largest Orchard sub-labels (measured by payables over the preceding 12 months). For the avoidance of doubt, a catalog, or label’s loss of a catalog, belonging to a single Label Artist shall not be deemed a Divestment for purposes hereof.

Divestment means any divestment, re-organisation, de-merger or sale of any Affiliate of AIB or part thereof, or of any of the assets or undertakings of AIB or any of the Affiliates of AIB which AIB or an Affiliate is required to undertake in connection with a Resolution Event;

Divestment means the sale at arm's length, or the placement in trust, of assets, where continued ownership by an individual participating in the Centre would constitute a potential, apparent or actual conflict of interest with the participant's Centre duties and responsibilities.