Former Affiliate definition
Examples of Former Affiliate in a sentence
If any Affiliate Shareholder ceases to be a controlled Affiliate of American Securities (a “Former Affiliate”), such Former Affiliate shall Transfer any Shares Beneficially Owned by such Former Affiliate to the Shareholder or another controlled Affiliate of American Securities before such Former Affiliate ceases to be a controlled Affiliate of American Securities.
During such period, First Data’s relationship shall continue to be with RCSI and (unless otherwise agreed between First Data and the Former Affiliate) First Data shall have no obligation directly to the Former Affiliate.
Such Former Affiliate shall have the right to assign such license in connection with a sale of all or substantially all of such Former Affiliate’s assets or business to which such sublicense relates (whether pursuant to a spin out, sale of stock, sale of assets, a merger or otherwise).
For purposes of the Agreement, Services provided to a Former Affiliate shall be deemed to be Services provided to MSDW.
In no event shall the property be subject to any deed to secure debt, or any mortgage, Lien or judgment, held by a person claiming by, through or under Plum Creek (or the Former Affiliate, as applicable).