Flash Business definition

Flash Business means the “Flash” operating segment of the Company described in the Company’s Form 10-K for the fiscal year ended July 1, 2022.

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Flash Business means the “Flash” operating segment of the WDC Group, as described in WDC’s Form 10-K for the fiscal year ended June 28, 2024, including the businesses of marketing, offering, selling, licensing, providing, distributing, developing, manufacturing, importing or exporting Flash Business Products.

Flash Business has the meaning set forth in the Separation Agreement.

Examples of Flash Business in a sentence

• If the Flash Business were, as of the date hereof, owned by a single domestic corporation which held no other businesses or assets, such corporation would not be a USRPHC within the meaning of Section 897 of the Code.

• Spinco, on behalf of itself and all other members of the Spinco Group, ▇▇▇▇▇▇ confirms and agrees to comply with any and all covenants and agreements in the Tax Materials applicable to Spinco or any member of the Spinco Group or the Flash Business.

• Upon a Shared Contract Transfer, the resulting Contract that is related to the Flash Business will be a Spinco Contract, and the resulting Contract that is not related to the Flash Business will be an Excluded Asset.

• For the avoidance of doubt, this Section 6.9 shall not apply to HDDs that include Flash Business Products as a component or to Platforms Products.

• Service Recipient agrees that the Services are for the sole use and benefit of Service Recipient and its Affiliates, in each case, solely with respect to the Flash Business or the WDC Business, as applicable, conducted at Closing.

• Service Recipient shall not resell any of the Services to any Person whatsoever and shall not permit the receipt or use of the Services by any Person other than for the conduct of the Flash Business or the WDC Business, as applicable, in the ordinary course consistent with past practice.

• The Lead Borrower hereby certifies to the Administrative Agent, the Collateral Agent and the Lenders that, upon the consummation of the Distribution of the Flash Business, (i) each of Sandisk Corporation and Sandisk Technologies, Inc.

• The Lead Borrower will not, and will not permit any Subsidiary to dispose of Flash Business whether by asset sale, investment, Distribution or otherwise unless, prior to the consummation thereof, all outstanding Loans are repaid in full (including through any permitted refinancing or otherwise) and any outstanding Revolving Credit Commitments are terminated.

• Notwithstanding the previous sentence, the Spinco Group may purchase HDDs that are produced by a third party and include those purchased HDDs as a component in Flash Business Products which are then sold by the Spinco Group.

• The Borrower will not, and will not permit any Subsidiary to dispose of Flash Business whether by asset sale, investment, Distribution or otherwise unless, prior to the consummation thereof, all outstanding Loans are repaid in full (including through any permitted refinancing or otherwise) and any outstanding Commitments are terminated.

More Definitions of Flash Business

Flash Business means the “Flash” operating segment of the Borrower described in the Borrower’s Form 10-K for the fiscal year ended July 1, 2022.

Flash Business shall have the meaning set forth in the SDA.

Flash Business means those units, entities and assets within a company whose primary activity or usage is to design, manufacture, or sell Flash Memory Devices, MLC Flash Memory Devices, Flash Memory Systems, or MLC Flash Memory Systems.

Flash Business means the “Flash” operating segment of WDC described in WDC’s Form 10-K for the fiscal year ended July 1, 2022.

Flash Business shall have the meaning given to such term in the Investment Agreement.

Flash Business means the Company’s flash-based product segment.