Purchaser’s Group definition
Examples of Purchaser’s Group in a sentence
Except as explicitly set out in this Agreement or otherwise agreed in writing by the Seller and the Purchaser, the Seller shall procure that any existing “parent-subsidiary” management or administrative support or expense allocation agreements or arrangements between one or more members of the Seller’s Group (excluding the Group) on the one hand, and one or more Group Companies, on the other hand, will be terminated prior to or at Completion, with no cost or Liability to the Group or the Purchaser’s Group.
The Seller shall indemnify, defend and hold harmless the Purchaser and, as an irrevocable third-party stipulation (onherroepelijk derdenbeding), any other member of the Purchaser’s Group against all amounts paid by any of them pursuant to any such Guarantees.