Legacy Assets definition
Examples of Legacy Assets in a sentence
The Holders will not receive any interest on the Legacy Assets and Expense Fund and assign to the Representative any such interest.
Solely if requested in writing by the Representative, Parent shall terminate the Legacy Assets and wind down prosecution and maintenance costs relating to the Legacy Assets.
The Legacy Assets and Expense Fund Amount shall be held by Parent in a segregated client account and shall be used only with the consent of the Representative (A) for the Purpose and (B) for the purposes of paying directly or reimbursing the Representative for any Representative Expenses incurred pursuant to this Agreement.
For the avoidance of doubt, neither Parent nor any of its Affiliates may enter into a Legacy Assets Transaction Agreement without the prior written consent of the Representative.
During the Legacy Assets Transaction Period, Parent shall, and shall cause its Affiliates to, use commercially reasonable efforts to (i) preserve and maintain the Legacy Assets (including with respect to its obligations in Section 4.3), (ii) pursue any Legacy Assets Transaction required to advance the Legacy Assets and (iii) take all other actions reasonably necessary and advisable to advance and maximize the value of the Legacy Assets in connection with achieving one or more Legacy Assets Transactions.