EC Commitments definition
Examples of EC Commitments in a sentence
Seller provided certain commitments to the European Commission (“EC”) in order to enable the EC to declare the J&J/Synthes Merger compatible with the Common Market and the EEA Agreement (the “EC Commitments”), and Seller desires to enter into this Agreement in furtherance of the EC Commitments.
In furtherance of the foregoing, Buyer agrees to enter into one or more agreements with any Monitor governing the facilitation of its duties under the FTC Order or the EC Commitments, as the case may be, and the exchange of information between Buyer and it.
Nothing in this Agreement shall prevent Seller from complying with the FTC Order, the EC Commitments or the EC Decision and Seller shall not be considered in breach of this Agreement for taking actions to comply with the FTC Order, the EC Commitments or the EC Decision.
The EC shall have approved Purchaser as an acceptable acquirer of the Purchased Assets pursuant to the EC Buyer Approval and the EC Commitments), respectively, and the EC shall have approved the Transaction Documents under the EC Commitments.