Valuation Business definition
Examples of Valuation Business in a sentence
The Valuation Date for such Warrants shall be the Scheduled Valuation Business Day immediately following the date of automatic exercise, subject to postponement in the event of a Disruption Event, as described in Section 2.04 hereof.
Upon the occurrence of a Price Source Unavailability Event with respect to a Reference Currency, the Valuation Date for the affected Reference Currency will be postponed until the Valuation Business Day for that Reference Currency next succeeding the scheduled Valuation Date on which no Price Source Unavailability Event is occurring.
If on each of the two scheduled Valuation Business Days following the scheduled Valuation Date the Price Source Unavailability is still in effect or if such days are not otherwise Valuation Business Days, the Calculation Agent will determine the Settlement Rate for the affected Reference Currency on the third scheduled Valuation Business Day after the scheduled Valuation Date in accordance with the Fallback Rate Observation Methodology.
Effective as of the Closing, each Hired DQ Valuation Business Employee will cease to be a DQ Valuation Business Employee, and will cease to actively participate in any employee benefit plan, program, or arrangement maintained by any of Sellers or their Subsidiaries.
It is the intention of the Parties to ensure that the DQ Valuation Business and the Excluded Businesses each retain the ability to operate in their customary manner prior to the Closing, subject to and on the terms set forth in the Buyer Transition Services Agreement, Seller Transition Services Agreement, Master Services and License Agreement, and Patent License Agreement (the “Transition Agreements”).
If any accrued, unused paid time off of the Hired DQ Valuation Business Employees may not be assumed or retained under applicable Law, Sellers will be responsible for paying any such accrued and unused paid time off in accordance with the amounts set forth on Schedule 5.9(d), as updated through the Closing Date, and any such amounts paid by Sellers will be promptly (and, in any case, within five (5) Business Days of the payment thereof) reimbursed by Buyers to Sellers.
Sellers will use their commercially reasonable efforts to assist any of Buyers or their Affiliates in its efforts to secure employment arrangements reasonably satisfactory to Buyers with the Solicited DQ Valuation Business Employees, provided such employment arrangements are consistent with the requirements of this Agreement.
Effective as of the Closing, Buyers will, or will cause their Affiliates to, assume or retain, as the case may be, in accordance with, and to the extent permitted by, applicable Law, all obligations of Sellers for the accrued, unused paid time off of the Hired DQ Valuation Business Employees.
Sellers will be responsible for (a) all obligations and liabilities from and after the Closing that relate to the Solicited DQ Valuation Business Employees who do not become Hired DQ Valuation Business Employees pursuant to this Section 5.8 and (b) terminating the employment of all Hired DQ Valuation Business Employees immediately prior to the Closing in accordance with all applicable Law.
Additionally, Sellers and Buyers will use their respective commercially reasonable efforts to obtain, prior to the Closing, novation of each of the guarantees by Stock Seller of (i) the Transferred Companies' obligations under the Contractual Obligations set forth on Schedule 5.5(c) and (ii) the obligations under the Transferred DQ Valuation Business Contracts set forth on Schedule 5.5(c).