ParentCo Group definition
Examples of ParentCo Group in a sentence
As of or prior to the Distribution Date, each Transferred Employee will have terminated, or will terminate, his or her employment agreement with the applicable member of the ParentCo Group in accordance with applicable Law.
ParentCo Group and the SpinCo Group agree to enter into a brand licensing framework agreement (a form of which is attached hereto as Exhibit B) after the completion of the Separation and Distribution, pursuant to which ParentCo Group will grant to the SpinCo Group the exclusive rights to develop, produce, and sell products under certain brands in the Global Markets.
On or prior to the Effective Time or as soon as practicable thereafter, SpinCo shall (with the reasonable cooperation of the applicable members of the SpinCo Group) use its commercially reasonable efforts to have any members of the ParentCo Group removed as guarantor of or obligor for any SpinCo Liabilities.
Each Spin Off Recipient (other than ParentCo or a member of the ParentCo Group) will be entitled to receive one (1) SpinCo Ordinary Share for every fifty (50) ParentCo Ordinary Shares held by such Spin Off Recipient as of the Record Date.
ParentCo or a member of the ParentCo Group will use commercially reasonable efforts to assign the rights and obligations, but only to the extent relating to the SpinCo Business, under such Shared Contracts to SpinCo or a member of the SpinCo Group.
ParentCo Group and the SpinCo Group agree to enter into a product procurement framework agreement (a form of which is attached hereto as Exhibit C) after the completion of the Separation and Distribution, pursuant to which ParentCo Group would manufacture and provide finished battery products to the SpinCo Group for its further sales in the Global Markets, and charge the purchase amount plus a mark-up rate.