2/20/2023 0 Comments Vanquish definition in literature![]() The parties agree that the provisions of this Section 10.3(a) are necessary for the protection of the business and goodwill of Advisor and are considered by each of Owner and Vanquish Investor to be reasonable for such purpose. The parties agree and acknowledge that time is of the essence in relation to any such offer, and therefore, to exercise its Right of Last Offer under this Section 10.2, Seller must deliver a notice to Purchaser and/or Vanquish Investor, as applicable within ten (10) business days after delivery of such re-offer.Įach of Owner and Vanquish Investor agrees that Advisor as licensee of such rights under this Agreement, shall retain and may fully exercise all of its rights and elections under Section 365(n) of the Bankruptcy Code. Purchaser and Vanquish Investor acknowledge that the documents related to the TERI Bankruptcy are available for their review and that they have had the opportunity to evaluate the information contained therein and made such inquiries of Seller as they have determined to be necessary, appropriate or desirable. ![]() Upon any wrongful termination of Advisor by Owner or Vanquish Investor, Owner and Vanquish Investor jointly and severally agree to immediately pay Advisor the applicable termination fee set forth in Schedule 10.2 in addition to all earned and unpaid amounts due under Section 5 of this Agreement. In the event that a case under the Bankruptcy Code is commenced by or against either owner or Vanquish Investor, each of Owner and Vanquish Investor agrees that it will not (a) terminate or reject this Agreement or (b) assign or sell the intellectual property licensed hereunder without Advisor’s written consent. Examples of Vanquish Investor in a sentence ![]()
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