Transition Services Agreement Term Sheet definition

Transition Services Agreement Term Sheet means that certain Term Sheet attached hereto as Exhibit B.
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Transition Services Agreement Term Sheet means that certain Transition Services Agreement Term Sheet attached hereto as Exhibit B. “Treasury Regulations” means the regulations prescribed under the Code. “WARN Act” means the Worker Adjustment and Retraining Notification Act of 1988, as amended, and any similar state or local Law. “Warrant” has the meaning set forth in the Recitals. “Willful Breach” means an intentional and willful material breach, or an intentional and willful material failure to perform, in each case that is the consequence of an act or omission by or on behalf of the breaching party with the actual knowledge that the taking of such act or failure to take such act would cause a material breach of this Agreement.
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Transition Services Agreement Term Sheet means the transition services agreement term sheet attached hereto as Exhibit H.
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Examples of Transition Services Agreement Term Sheet in a sentence

  • Prior to the Closing, Buyer and Seller will negotiate in good faith the form of the Transition Services Agreement consistent with the Transition Services Agreement Term Sheet; provided that Buyer and Seller will use commercially reasonable, good faith efforts to finalize the definitive Transition Services Agreement within sixty (60) days of the date hereof.

  • Promptly after the Original Date, each Party shall (a) designate a representative who will have primary responsibility for the planning of the separation of the Business from the Retained Businesses (each such designated representative, a “Separation Team Lead”), and (b) cause the Separation Team Leads to meet (together with such other individuals as deemed necessary by the Separation Team Leads) to discuss Exhibit A-1 and the Transition Services Agreement Term Sheet.

  • Between the date hereof and Closing, Seller and Buyer shall prepare a mutually acceptable Transition Services Agreement, which shall provide for the understandings set forth on the Transition Services Agreement Term Sheet.

  • Notwithstanding the foregoing, the Parties agree that, if Seller and Purchaser do not agree to a Transition Services Agreement to be executed by Seller and Purchased Entity as of the Closing, the terms and conditions of the Transition Services Agreement Term Sheet shall be effective as of the Closing as if it were the Transition Services Agreement and shall be legally binding upon both Seller and the Purchased Entity.

  • RESIDENTIAL FUNDING COMPANY, LLC By: Name: Title: RESIDENTIAL FUNDING SECURITIES, LLC By: Name: Title: EXHIBIT C Transition Services Agreement Term Sheet Reference is made to that certain Membership Interest and Share Purchase Agreement, dated as of March 31, 2009 (the “Purchase Agreement”), between Residential Funding Company, LLC, a Delaware limited liability company (“Seller”), and GMAC LLC, a Delaware limited liability company (“Purchaser”).

  • At the Closing, Sellers and Purchaser shall execute and deliver to each other the Transition Services Agreement, which shall be effective as of the Effective Date, and the general terms of which are described on the Transition Services Agreement Term Sheet attached hereto as Exhibit N.

  • Promptly after the execution of this Agreement, each Party shall (a) designate a representative who will have primary responsibility for the planning of the separation of the Business from the Retained Businesses (each such designated representative, a “Separation Team Lead”), and (b) cause the Separation Team Leads to meet (together with such other individuals as deemed necessary by the Separation Team Leads) to discuss Exhibit A-1 and the Transition Services Agreement Term Sheet.