Cardinal Health Disqualifying Action definition

Cardinal Health Disqualifying Action has the meaning set forth in the Tax Matters Agreement.
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Cardinal Health Disqualifying Action shall not include any action described in the Separation Agreement or any Transaction Document or that is undertaken pursuant to the Restructuring or the Distribution.
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Cardinal Health Disqualifying Action means (i) any action (or the failure to take any action) within its control by Cardinal Health or any Cardinal Health Entity (including entering into any agreement, understanding or arrangement or any negotiations with respect to any transaction or series of transactions) that, (ii) any event (or series of events) involving the capital stock of Cardinal Health, any assets of Cardinal Health or any assets of any Cardinal Health Entity that, or (iii) any breach by Cardinal Health or any Cardinal Health Entity of any representation, warranty or covenant made by them in this Agreement that, in each case, would negate the Tax-Free Status of the Transactions; provided, however, the term “Cardinal Health Disqualifying Action” shall not include any action described in the Separation Agreement or any Transaction Document or that is undertaken pursuant to the Restructuring or the Distribution.
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Examples of Cardinal Health Disqualifying Action in a sentence

  • Neither Cardinal Health nor CareFusion shall, nor shall Cardinal Health or CareFusion permit any Cardinal Health Entity or any CareFusion Entity, respectively, to take or fail to take, as applicable, any action that constitutes a Disqualifying Action described in the definitions of Cardinal Health Disqualifying Action and CareFusion Disqualifying Action, respectively.


More Definitions of Cardinal Health Disqualifying Action

Cardinal Health Disqualifying Action means (i) any action (or the failure to take any action) within its control by Cardinal Health or any Cardinal Health Entity (including entering into any agreement, understanding or arrangement or any negotiations with respect to any transaction or series of transactions) that, or (ii) any event (or series of events) involving the capital stock of Cardinal Health, any assets of Cardinal Health or any assets of any Cardinal Health Entity that, in each case, would negate the Tax-Free Status of the Transactions; provided, however, the term “Cardinal Health Disqualifying Action” shall not include any action described in the Separation Agreement or any Transaction Document or that is undertaken pursuant to the Restructuring or the Distribution.
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Related to Cardinal Health Disqualifying Action

  • Disqualifying Event has the meaning specified in the definition of “Eligible Currency”.

  • Qualified health plan means a health benefit plan that has in effect a certification that the plan

  • Drug-related criminal activity means the illegal manufacture, sale, distribution, use, or possession with intent to manufacture, sell, distribute, or use of a controlled substance (as defined in Section 102 or the Controlled Substance Act [21 U.S.C. 802]).

  • Serious health condition means an illness, injury, impairment, or physical or mental condition that involves:

  • Disqualifying Disposition means any disposition (including any sale) of Stock acquired upon the exercise of an Incentive Stock Option made within the period that ends either (1) two years after the date on which the Participant was granted the Incentive Stock Option or (2) one year after the date upon which the Participant acquired the Stock.

  • Infectious Disease means an illness that is capable of being spread from one individual to another.

  • PPACA means the Patient Protection and Affordable Care Act.

  • Group health plan means an employee welfare benefit plan as defined in section 3(1) of subtitle A of title I of the employee retirement income security act of 1974, Public Law 93-406, 29 USC 1002, to the extent that the plan provides medical care, including items and services paid for as medical care to employees or their dependents as defined under the terms of the plan directly or through insurance, reimbursement, or otherwise.

  • Public health emergency means an emergency with respect to COVID–19 declared by a Federal, State, or local authority.