Examples of Retained Subsidiary in a sentence
On the Distribution Date, Manor Care shall retain (or shall cause a Retained Subsidiary to assume) sole responsibility for all liabilities and obligations under the Manor Care, Inc.
Sunburst shall, as soon as practicable after the Distribution Date, in accordance with Section 5.02 provide Choice with such additional information in the possession of Sunburst or a Retained Subsidiary and not already in the possession of Choice or a Choice Subsidiary as may reasonably be requested by Choice and necessary in order for Choice or a Choice Subsidiary to administer effectively the Choice Hotels International, Inc.
None of Buyer or any of its officers, directors or employees has employed any investment banker, broker or finder or incurred any Liability for any investment banking fees, brokerage fees, commissions or finders’ fees in connection with the transactions contemplated by this Agreement for which Seller or any Retained Subsidiary or, in the event the Closing does not occur, any Transferred FH Company or its Closing Subsidiaries, has or could have any Liability.
Section 3.13 of the IDB Buyer Disclosure Letter sets forth a true, correct and complete list of all contracts, agreements, commitments and arrangements between any Seller Retained Subsidiary, on the one hand, and any IDB Buyer Related Party, on the other hand, that has any material rights and/or obligations in effect after the Closing, other than such contracts, agreements, commitments and arrangements contemplated by the Transactions.
Prior to the Closing Date, Seller and Buyer shall cooperate and shall use their respective commercially reasonable efforts to terminate, or, if the parties are unable to so terminate, cause Buyer or one of its Affiliates to be substituted in all respects for Seller or the applicable Retained Subsidiary in respect of, all obligations of Seller or any of the Retained Subsidiaries under Seller Guarantees on the Closing Date.