Transferring Entity definition
Examples of Transferring Entity in a sentence
Instead of the void, invalid or unenforceable provision, that provision applies which comes as close as possible in terms of form, substance, time, measurement and scope to what the Transferring Entity and the Acquiring Entity had intended as the economic intent and purpose of the void, invalid or unenforceable provision.
Claims of the Acquiring Entity under warranty of any kind whatsoever and having any basis whatsoever against the Transferring Entity are hereby expressly excluded.
The Transferring Entity does not give any warranty for the nature (Beschaffenheit) and the existence of the items in the assets and liabilities which are transferred by the Transferring Entity in accordance with this Agreement.
The transfer of the items in the assets and liabilities encompassed by the Spin-off and the other rights and duties and legal positions of the Transferring Entity will be effected in rem (dinglich) at the time of the registration of the Spin-off in the commercial register for the Transferring Entity (the "Closing Date").
The other Participant shall have 15 days from the date such notice is delivered to notify the Transferring Entity (and the Participant if its Affiliate is the Transferring Entity) whether it elects to acquire the offered interest at the same price (or its monetary equivalent in cash or currency) and on the same terms and conditions as set forth in the notice.