Parent Group definition

Parent Group has the meaning set forth in Section 8.03(c).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Parent Group means Parent and each Person that is a Subsidiary of Parent (other than SpinCo and any other member of the SpinCo Group).

Parent Group means Parent and its Subsidiaries.

Examples of Parent Group in a sentence

No later than thirty (30) calendar days after the Closing, Parent shall, or shall cause the Surviving Corporation or another member of the Parent Group to offer retention incentives to certain employees, independent contractors, consultants, and/or leased workers of the Company Business (including the individuals set forth on Schedule 3.9) (such individuals, the “Initial Recipients” and such incentives, the “Retention Incentives”) providing for Retention Incentives in the amount of the Retention Amount.
Assuming (a) the satisfaction of the conditions set forth in Section 7.1 and (b) the accuracy of the representations and warranties of the Company set forth in ARTICLE IV immediately after giving effect to the transactions contemplated by this Agreement, the Parent Group shall be Solvent.
Parent shall be solely responsible for any notice or liability obligations under the WARN Act or the California WARN Act arising from any plant closing, mass layoff, relocation, or termination conducted by any member of the Parent Group after the Closing.

More Definitions of Parent Group

Parent Group means (i) the Parent, the Servicer, the Performance Guarantor and each Originator, (ii) each person that directly or indirectly, owns or controls, whether beneficially, or as a trustee, guardian or other fiduciary, five percent (5%) or more of the Capital Stock in the Parent, (iii) each person that controls, is controlled by or is under common control with the Parent and (iv) each of such person’s officers, directors, managers, joint venturers and partners. For the purposes of this definition, “control” of a person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person or entity, whether through the ownership of voting securities, by contract or otherwise. A person shall be deemed to be an “associate” of (A) a corporation or organization of which such person is an officer, director, partner or manager or is, directly or indirectly, the beneficial owner of ten percent (10%) or more of any class of equity securities, (B) any trust or other estate in which such person serves as trustee or in a similar capacity and (C) any relative or spouse of a person described in clause (A) or (B) of this sentence, or any relative of such spouse. The Seller shall (A) give written notice to the Administrative Agent of the election or appointment, or proposed election or appointment, of a new Independent Manager of the Seller, which notice shall be given not later than ten (10) Business Days prior to the date such appointment or election would be effective (except when such election or appointment is necessary to fill a vacancy caused by the death, disability, or incapacity of the existing Independent Manager, or the failure of such Independent Manager to satisfy the criteria for an Independent Manager set forth in this clause (c), in which case the Seller shall provide written notice of such election or appointment within one (1) Business Day) and (B) with any such written notice, certify to the Administrative Agent that the Independent Manager satisfies the criteria for an Independent Manager set forth in this clause (c). The Seller’s Limited Liability Company Agreement shall provide that: (A) the Seller’s board of managers shall not approve, or take any other action to cause the filing of, a voluntary bankruptcy petition with respect to the Seller unless the Independent Manager shall approve the taking of such action in writing before the taking of such action and (B) such provision and each ot...

Parent Group shall have the meaning set forth in the Separation and Distribution Agreement.

Parent Group means Parent, together with its subsidiaries including the Company.

Parent Group has the meaning set forth in the Separation Agreement.

Parent Group means Parent and each of its Subsidiaries, other than members of the Company Group.

Parent Group means the Parent and each of its Affiliates other than the Borrower.

Parent Group means, Parent and each Subsidiary of Parent that is or was a Subsidiary of Parent at the time in respect of which the relevant determination is being made, but excluding any member of the SpinCo Group.