Definition of Pre-Closing Period Actions

Pre-Closing Period Actions means all existing or future Actions, regardless of whether any such Action is commenced prior to, on or after the Closing Date, asserting one or more claims that arise out of or relate to any action, inaction, error, omission, event or condition that occurred or existed prior to the Closing related to the ownership or operation of the Business prior to the Closing.

Examples of Pre-Closing Period Actions in a sentence

Except with regard to Pre-Closing Period Actions and as set forth below, no Third Party Claim may be settled or compromised (i) by the Indemnified Party without the prior written consent of the Indemnifying Party or (ii) by the Indemnifying Party without the prior written consent of the Indemnified Party, in each case which consent shall not be unreasonably withheld, conditioned or delayed.