Privileges definition
Examples of Privileges in a sentence
The Buyers and their Affiliates shall take no action without the prior written consent of the Sellers that would reasonably be expected to result in any waiver of any such Privileges of a Seller or any of its Affiliates.
With respect to matters relating to the Excluded Assets or the Excluded Liabilities, and with respect to all files, books, records, work papers, documents, communications or other information of a Seller or any of its Affiliates prepared in connection with the Transaction Documents or the transactions contemplated thereby, the Sellers shall have sole authority to determine whether to assert or waive any Privileges, including the right to assert any Privilege against the Buyers and their Affiliates.
After the Closing, the Buyers and their Affiliates shall have sole authority to determine whether to assert or waive any Privileges with respect to matters relating to the Products, the Acquired Assets or the Assumed Liabilities, including the right to assert any Privilege against the Sellers or their Affiliates.
The Sellers shall not, and shall cause their respective Affiliates not to, take any action after the Closing without the prior written consent of the Buyers that would reasonably be expected to result in any waiver of any such Privileges of the Buyers.