Hold Separate Sample Clauses
A Hold Separate clause requires parties, typically in the context of mergers or acquisitions, to keep certain business operations, assets, or entities separate and independent until specific conditions are met, such as regulatory approval. In practice, this means the buyer cannot integrate the target company’s operations, share sensitive information, or exercise control over the target’s business during the hold period. The core function of this clause is to prevent premature integration that could raise antitrust concerns or violate regulatory requirements, thereby ensuring compliance and preserving competition until all necessary approvals are obtained.
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Hold Separate. Respondent Graco shall not permit any other of its employees, officers, or directors to be involved in the operations of the Hold Separate Business.
Hold Separate. ▇▇▇▇ Shared Employees (i) may receive or have access to, use or continue to use, or disclose any Confidential Business Information pertaining to the ▇▇▇▇ Powder Finishing Business and to the Liquid Finishing Business; (ii) shall not disclose, provide, discuss, exchange, circulate, or otherwise furnish any such information pertaining to the Liquid Finishing Business to or with any other Person whose employment involves any of Respondent Graco’s competing liquid finishing businesses; and (iii) shall provide the signed confidentiality statement required by Paragraph II.C.8. of this Hold Separate.
Hold Separate. Until the divestiture required by this Final Judgment has been accomplished, defendants shall take all steps necessary to comply with the Hold Separate Stipulation and Order entered by this Court. Defendants shall take no action that would jeopardize the divestiture ordered by this Court.
Hold Separate. Purchaser agrees to hold the Company separate as a subsidiary of Purchaser and not merge or consolidate the Company prior to December 31, 2006 without the prior written consent of the Shareholders Representative.