Seller Parent definition
Examples of Seller Parent in a sentence
Purchaser shall, on behalf of the parties, control and direct all communications and strategy in dealing with any Governmental Entity under the HSR Act or other Regulatory Law (expect as set forth below with respect to the Seller Parent Regulatory Approvals); provided, however, that Purchaser shall consider in good faith the views and comments of Seller and its outside counsel with respect to such communications and strategies.
Evidence that Parent has terminated all Business Employees effective immediately before Closing, with all wages, vacation pay, and other earned compensation paid through Closing, excluding severance, and that all such Business Employees who are to be employed by the Company and/or Buyer as of the Closing are each released from their obligations under existing employment agreements and any non-compete covenants or restrictions between such Business Employees and Seller, Parent and all affiliates thereof.
Other than in connection with this Agreement, Seller Parent, Seller, the Divesting Entities and any Representative or Affiliate thereof shall cease any current discussions regarding any Acquisition Transaction and Seller will promptly notify Purchaser in the event that Seller Parent, Seller or the Divesting Entities receive any unsolicited indication of interest or proposal concerning an Acquisition Transaction.
Seller shall not take any action or make any agreement required by any Governmental Entity under any Regulatory Law without the written consent of Purchaser, in its sole discretion; provided that the foregoing shall not apply to Seller Parent Regulatory Approvals, which Seller shall control pursuant to in the last sentence of Section 6.4(c).