MPI Liabilities definition
Examples of MPI Liabilities in a sentence
For purposes of clarification, the Liabilities assumed or retained by the MPI Group as provided for in this Section 2.1(b) or elsewhere in this Agreement are intended to be MPI Liabilities as such term is defined in the Separation Agreement.
Myriad and the Myriad Subsidiaries (i) shall, at all times until paid to a member of the MPI Group, hold Insurance Proceeds received for or with respect to Insured MPI Liabilities in trust for the benefit of MPI; and (ii) shall promptly remit such Insurance Proceeds to MPI.
MPI shall also be entitled, in perpetuity, to control the assertion or waiver of all privileges in connection with privileged information which relates solely to the subject matter of any claims constituting MPI Liabilities, now pending or which may be asserted in the future, in any lawsuits or other Actions initiated against or by MPI, whether or not the privileged information is in the possession of MPI or under the control of Myriad or MPI.