Divested Entity definition

Divested Entity has the meaning set forth in Section 8.02.

Divested Entity means a Group Company (as of the time immediately prior to the relevant divestment), business, product line, division, or organization that a Party or any of its Group Companies sells or transfers to another Person or otherwise divests.

Divested Entity means any (a) company which at any time is an Affiliate of the Customer, and which ceases to be an Affiliate of the Customer, or (b) business or undertaking which at any time is owned by the Customer, and which ceases to be owned by the Customer.

Examples of Divested Entity in a sentence

• LICENSEE shall not be held responsible for payment of any fees, charges, costs, expenses or penalties owed to LICENSOR by the Divested Entity.

• Notwithstanding the foregoing, in the event that LICENSEE has prepaid support for the Product to be transferred, the Divested Entity shall be entitled to such prepaid support for the balance of the then current term.

• Neither this Agreement, nor any obligations under it, may be assigned or delegated by either party without the prior written consent of the other party, except that Buyer may unilaterally assign this Agreement, in whole or in part, to any Divested Entity or other affiliate of Buyer.

• Thereafter, continued use of the Licensed Software to by the Divested Entity shall be subject to such terms and conditions as Seller and the Divested Entity or its new owner shall agree in writing.

• After such period, said Divested Entity shall acquire its own License, Maintenance and supports agreements with LICENSOR.

More Definitions of Divested Entity

Divested Entity means any Affiliate, department or division of Company that loses its status as such whether as a result of an asset sale, stock sale, merger, spin-off or other disposition of either Affiliate or Company to a third party.

Divested Entity means, for any date of determination, for the Measurement Period most recently ended, any Person (or division or similar business unit) disposed of by the Borrower or any Subsidiary during such Measurement Period if, as of the last day of the fiscal quarter immediately preceding such disposition, the contribution to EBITDA of such Person (or division or similar business unit) accounted for 5% or more of Consolidated EBITDA for the 12 months preceding such last day.

Divested Entity means the assets, in the case of a sale or other disposition of assets of a business, or the capital stock or other equity interests (or, if the context requires, the Person that is the issuer of such capital stock or other equity interests), in the case of a sale or other disposition of capital stock or other equity interests of a business, sold or otherwise disposed of by Interface or any other Consolidated Company pursuant to a transaction permitted by this Agreement.

Divested Entity has the meaning set forth in Section 11.3 of the Agreement.

Divested Entity means any subsidiary, Affiliate, division, department or line of business of Aetna or of an Affiliate that loses its relationship with Aetna as a result of divestiture or otherwise.

Divested Entity means any former Affiliate of a Party as and from the moment it no longer qualifies as an Affiliate under this Agreement because of a sale, conveyance or other transfer of such Affiliate, and any unincorporated business or division of a Party or an Affiliate of a Party as and from the moment it is divested by the Party or the relevant Affiliate of the Party to a transferee that is not an Affiliate of a Party.

Divested Entity means an affiliate, business unit, division, or organization that Lockheed Martin has sold, transferred or otherwise divested, in whole or in part, all or substantially all of its interest, to another entity.