Examples of Retained Matters in a sentence
Except as the Allied Parties may otherwise approve after being given reasonable prior written notice (with such approval not to be unreasonably withheld or delayed), none of the Acquired Ryder Entities will sell, mortgage, pledge, subject to any Lien, lease, buy or otherwise acquire, transfer or dispose of any material property tangible or intangible or interest therein, other than Retained Matters.
Similarly, the terms of such shares shall only provide for such economic rights and voting rights in relation to Retained Matters attached to them as shall be required under applicable law and as shall be necessary to give effect to the terms of this Agreement.
Seller shall maintain its respective organizational status from the date hereof until the resolution of the Retained Matters (as defined in Section 14.5) and to assure that as of the Closing Date it will not be under any material restriction that would prohibit or delay the timely consummation of the transactions contemplated hereby.
Funds in the Escrow Account shall be utilized to pay for the following: (i) any approved settlements reached or final judgments entered in the Retained Matters; (ii) defense or other legal costs of Buyer if Seller fails to reimburse Buyer for costs incurred within 30 days; (iii) indemnification of Buyer for Claims if Seller.
If Seller proposes to enter into a resolution of the “excessive fee” litigation included in the Retained Matters in a manner that imposes an economic burden on Buyer or the Company, Seller agrees to obtain the consent of Buyer, not to be unreasonably withheld.