Seller Group Entity definition
Examples of Seller Group Entity in a sentence
The parties agree that agreements in effect as of the Closing Date between any Company Group Entity, on the one hand, and any Seller Group Entity, on the other hand, listed on Schedule 7.16(a), shall terminate as of the Closing Date and listed on Schedule 7.16(b), shall continue in effect.
Following the termination of the Credit Agreement, the Purchasers shall, in connection with the entry by a Seller Group Entity into Permitted Senior Debt, at the request, cost and expense of the Seller Group Entities, agree to subordinate the Security in favour of security being granted to the lenders under such Permitted Senior Debt, subject to the entry into an intercreditor agreement, satisfactory to the Purchasers’ Agent, acting reasonably.
Each Seller Group Entity expressly attorns to such proceedings and waives any objections on the basis of jurisdiction, including forum non conveniens.
Seller shall not (and shall cause each other Seller Group Entity not to) (x) change the terms of any agreement listed on Schedule 7.16(b) in effect as of the Closing Date, or (y) unilaterally terminate any such agreement during its respective current effective term without a cause for such termination; provided that, prior to giving any notice of termination with cause, Seller shall consult with Company or the relevant Company Group Entity.
The Parties are aware that the Seller is currently conducting a process of archiving documents and electronic data of the Business which are required by Seller or any Seller Group Entity for Tax and other purposes (herein “Archiving Process”).