Competition Action definition

Competition Action means, with respect to Parent or the Company, to dispose of any of its assets or to limit its freedom of action with respect to any of its businesses, or to consent to any disposition of its assets or limits on its freedom of action with respect to any of its businesses, whether prior to or after the Effective Time, or to commit or agree to any of the foregoing, in each case other than dispositions, limitations or consents, commitments or agreements which in each such case may be conditioned upon the consummation of the Merger and the transactions contemplated hereby and which, in the reasonable good faith judgment of both Parent and the Company, in each such case do not and are not reasonably likely to individually or in the aggregate have either a Parent Material Adverse Effect or a Company Material Adverse Effect. Notwithstanding anything contained in this Agreement to the contrary, neither Parent nor the Company shall take or agree to take any Competition Action without the prior written agreement of the other.
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Competition Action means, with respect to Transocean or GlobalSantaFe, to dispose of any of its assets or to limit its freedom of action with respect to any of its businesses, or to consent to any disposition of its assets or limits on its freedom of action with respect to any of its businesses, whether prior to or after the Effective Time, or to commit or agree to any of the foregoing, in each case other than dispositions, limitations or consents, commitments or agreements which in each such case may be conditioned upon the consummation of the Merger and the transactions contemplated hereby and which, in the reasonable good faith judgment of both Transocean and GlobalSantaFe, in each such case do not and are not reasonably likely to individually or in the aggregate either (i) have a Transocean Material Adverse Effect; (ii) have a GlobalSantaFe Material Adverse Effect; (iii) materially impair the benefits or advantages which it expects to receive from the Merger and the transactions contemplated hereby or (iv) have a material adverse effect on the business plan or business strategy for the combined company. Notwithstanding anything contained in this Agreement to the contrary, neither Transocean nor GlobalSantaFe shall take or agree to take any Competition Action without the prior written agreement of the other.
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Competition Action has the meaning given in Clause 7.4(g);
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Examples of Competition Action in a sentence

  • This draft guidance has been developed as part of FDA’s ‘‘Drug Competition Action Plan,’’ which, in coordination with the Generic Drug User Fee Amendments (GDUFA I and II) (Pub.

  • The Ministers noted the key performance indicators (KPIs) identified in the ASEAN Competition Action Plan 2016-2025 (ACAP 2025), which would monitor progress towards effective and enforceable competition rules that support a competitive ASEAN with efficient and well-functioning markets.

  • The Meeting also welcomed the addition of the following to the ASEAN Competition Action Plan (ACAP) following its Mid-Term Review: the development of a Regional Capacity Building Roadmap; development of guidelines for sharing merger cases in the AEGC Portal; establishment of an information portal on merger cases; development of an ASEAN Investigation Manual for Digital Economy; and holding of the Heads of Competition Agencies in ASEAN meeting.

  • We encouraged the on-going efforts to build and strengthen the necessary capacities for effective enforcement of competition law in ASEAN through the timely implementation of the ASEAN Competition Action Plan 2025.

  • At the endof FY 2017, Congress reauthorized the generic drug user fee program for another five years, and OGD is off to a robust start with implementing the new goals and commitments of GDUFA II.2The FDA Commissioner, Dr. Scott Gottlieb, made generic drugs and drug pricing an agency priority by introducing the Drug Competition Action Plan3 (DCAP) and by emphasizing the critical value of generic drugsto public health.

  • Dr. Gottlieb’s introduction to the Drug Competition Action Plan (DCAP): https:// blogs.fda.gov/fdavoice/index.php/2017/06/fda-working-to-lift-barriers-to-generic- drug-competition/At the end of FY 2017, Congress reauthorized the generic drug user fee program for another five years, and OGD is off to a robust start implementingthe new goals and commitments of GDUFA II.A cornerstone of DCAP is its focus on generic drug competition.

  • U.S. FDA, FDA Tackles Drug Competition to Improve Patient Access: Agency Takes Important Steps UnderNew Drug Competition Action Plan, https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ ucm564725.htm (accessed Dec.

  • In 2017, President Trump’s FDA established a Drug Competition Action Plan to enable patients to access more affordable medications by focusing the Agency’s efforts in three key areas: (1) improving the efficiency ofthe generic drug development, review, and approval process;(2) maximizing scientific and regulatory clarity with respect to complex generic drugs; and(3) closing loopholes that allow brand-name drug companies to “game” FDA rules in ways that forestall the genericcompetition Congress intended.

  • Of these 11 were secured through the development management process.

  • Drug Competition Action PlanConcerned that many consumers are being priced out of the medicines they need, FDA Commissioner Scott Gottlieb introduced the Drug Competition Action Plan (DCAP) soon after he arrived at the FDA.


More Definitions of Competition Action

Competition Action means with respect to a party, to dispose of any of its or its Subsidiaries’ assets or to limit its or its Subsidiaries’ freedom of action with respect to any of its or its Subsidiaries’ businesses, or to consent to any disposition of its or its Subsidiaries’ assets or limits on its or its Subsidiaries’ freedom of action with respect to any of its or its Subsidiaries’ businesses, whether prior to or after the Effective Time, or to commit or agree to any of the foregoing, in each case other than dispositions, limitations or consents, commitments or agreements which in each such case may be conditioned upon the consummation of the Combination and the transactions contemplated hereby and which, in the reasonable good faith judgment of both parties, in each such case do not and are not reasonably likely to individually or in the aggregate either (i) have a Material Adverse Effect on Autumn following the Combination or (ii) materially impair the benefits or advantages which Autumn and Spring expect to receive from the Combination and the transactions contemplated hereby or (iii) prejudice the availability of any tax relief (including rollover relief) that would (but for such action, consent, commitment or agreement) have been available for Spring shareholders in respect of their shares held in Spring on any transaction contemplated by this Agreement. Notwithstanding anything contained in this Agreement to the contrary, neither party shall take or agree to take any Competition Action without the prior written agreement of the other.
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Related to Competition Action

  • Competition Act means the Competition Act (Canada).

  • Competition Law means any Law that is designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolization or lessening of competition through merger or acquisition or restraint of trade.

  • Competition Act Approval means the occurrence of one or more of the following:

  • Competition Laws means any federal, state, foreign, multinational or supranational antitrust, competition or trade regulation statutes, rules, regulations, orders, decrees, administrative and judicial doctrines and other laws that are designed or intended to prohibit, restrict or regulate actions or transactions having the purpose or effect of monopolization or restraint of trade or lessening of competition through merger or acquisition or effectuating foreign investment.

  • Adverse employment action means an action that affects an em- ployee ’s compensation, promotion, transfer, work assignment, or performance evaluation, or any other employment action that would dissuade a reasonable employee from making or supporting a report of abuse or neglect under Family Code 261.101.

  • Competition or “Competitions” means any competition comprised within the Event where the winner is awarded a prize. A Competition may be comprised of one or more qualification phase/sections, runs or heats, including official training sessions. In the FIS Rules, Competitions are sometimes also referred to as “races”.

  • Infringement Action has the meaning set forth in Section 9.6(b).

  • Transaction Litigation means any Legal Proceeding commenced or threatened against a Party or any of its Subsidiaries or Affiliates (and/or their respective directors and/or executive officers) or otherwise relating to, involving or affecting such Party or any of its Subsidiaries or Affiliates, in each case in connection with, arising from or otherwise relating to the Transaction or the consummation thereof, other than any Legal Proceedings among the Parties or their Affiliates related to this Agreement.

  • Noncompetition Agreement has the meaning given in Section 3.2.

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Non-Competition Period means the period the Executive is employed by the Company plus one (1) year from the Termination Date if the Executive's employment is terminated (i) by the Company for any reason, (ii) by the Executive for any reason, or (iii) by reason of either the Company's or the Executive's decision not to extend the term of this Agreement as contemplated by Section 1 hereof.

  • Noncompetition Agreements as defined in Section 2.8(a)(iv). "Occupational Safety and Health Law"--any law or regulation designed to provide safe and healthy working conditions and to reduce occupational safety and health hazards, and any program, whether governmental or private (including those promulgated or sponsored by industry associations and insurance companies), designed to provide safe and healthful working conditions.

  • Plaintiffs’ Releasees means Plaintiffs, and any and all of their related parties, including, without limitation, any and all members of their immediate families, agents or other persons acting on their behalf, attorneys, advisors, financial advisors, accountants, assigns, creditors, heirs, estates and legal representatives.

  • Noncompetition Period has the meaning set forth in Section 9.01.

  • Releasee or “Releasees” shall refer to you and to the Company and each of the Company’s owners, stockholders, predecessors, successors, assigns, agents, directors, officers, employees, representatives, attorneys, advisors, parent companies, divisions, subsidiaries, affiliates (and agents, directors, officers, employees, representatives, attorneys and advisors of such parent companies, divisions, subsidiaries and affiliates) and all persons acting by, through, under or in concert with any of them.

  • Non-Competition Agreements has the meaning set forth in the Recitals.

  • Disparagement means making comments or statements to the press, the Company’s or its Affiliates’ employees, consultants or any individual or entity with whom the Company or its Affiliates has a business relationship which could reasonably be expected to adversely affect in any manner: (a) the conduct of the business of the Company or its Affiliates (including, without limitation, any products or business plans or prospects); or (b) the business reputation of the Company or its Affiliates, or any of their products, or their past or present officers, directors or employees.

  • Quebec Action means the Quebec Action as defined in Schedule A.

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any

  • Regulatory Action means an administrative, regulatory, or judicial enforcement action, proceeding, investigation or inspection, FDA Form 483 notice of inspectional observation, warning letter, untitled letter, other notice of violation letter, recall, seizure, Section 305 notice or other similar written communication, injunction or consent decree, issued by the FDA or a federal or state court.

  • Released Party means collectively, and in each case in its capacity as such:

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.