Corporate Restructuring. In the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, extraordinary dividend, spin-off, rights offering, share combination, or other change in the corporate structure of the Company affecting its common stock, the Trustee may, in its sole discretion, cause the transfer of all or a portion of the Trust's assets to a comparable trust maintained by one or more of the resulting corporate entities or otherwise cause such changes in the Trust or its assets as it shall deem appropriate.
Corporate Restructuring. The Parties acknowledge that on or before the date hereof, the corporate restructuring transactions set forth on Schedule 2.5(a) have been completed by TXI and its appropriate Subsidiaries.
Corporate Restructuring. At its March 3, 2000, Annual Meeting of Shareholders, Washington Gas shareholders approved, by a more than a two-thirds majority, a proposal to form WGL Holdings, a registered holding company under the Public Utility Holding Company Act of 1935. The Company subsequently received the necessary approval for this restructuring from the SCC of VA on May 11, 2000. On October 13, 2000, the Securities and Exchange Commission (SEC) approved WGL Holdings' financing application and the corporate restructuring subsequently went into effect on November 1, 2000. Under the new structure, Washington Gas, as the regulated utility, and its former subsidiaries operate as separate subsidiaries of WGL Holdings. The following charts illustrate the major organizational changes resulting from this restructuring. At the November 1, 2000 restructuring, shares of WGL Holdings common stock equal the same number of shares of Washington Gas common stock immediately prior to the restructuring. Each Washington Gas shareholder also received an equal number of WGL Holdings shares. All serial preferred stock issued by Washington Gas remains issued and outstanding as shares of Washington Gas serial preferred stock. The dividend rate for the preferred stock has not been changed and those dividends will continue to be paid by Washington Gas. All outstanding indebtedness and other obligations of Washington Gas prior to the restructuring remain outstanding as obligations of Washington Gas. Holders of Washington Gas medium-term notes (MTNs) continue as security holders of Washington Gas. On November 1, 0000, XXX Holdings had no outstanding securities other than common stock, but it could issue other securities in the future. WGL Holdings common stock is listed only on the New York Stock Exchange, while Washington Gas preferred stock continues to be listed only on the Philadelphia Stock Exchange. Both common and preferred shares are listed under the "WGL" ticker symbol on their respective exchanges. The consolidated financial statements and the associated notes thereto included in pages 31-51 of the Washington Gas Light fiscal year 2000 Annual Shareholders' Report, which is included in Exhibit 13, were based upon the corporate organizational structure that was in place during the three fiscal years ended September 30, 2000. As previously discussed, the corporate reorganization became effective on November 1, 2000. However, had the reorganization occurred on September 30, 2000, the WGL Holdings' c...
Corporate Restructuring. The Company shall merge all of its Subsidiaries with and into itself, such that on the Closing Date the Company shall have no Subsidiaries.
Corporate Restructuring. The Borrower shall use diligent efforts to undertake such corporate actions, including, without limitation, the consolidation or dissolution of intermediary Foreign Subsidiaries as may be necessary and prudent to result in all of the Capital Stock of SwissCo 2 being owned directly by a Loan Party. To the extent that, and only for so long as, SwissCo 2’s payment of dividends to the Borrower would be (i) adverse to the Borrower’s business, property, operations or condition (financial or otherwise), (ii) not permitted by applicable law or (iii) subject to any necessary corporate or governmental approvals that have not been received and remain in effect, SwissCo 2 may make loans to the Borrower pursuant to the SwissCo Note in lieu of paying dividends.
Corporate Restructuring. If Company is acquired by another company, sells substantially all of its assets, merges, or consolidates with another company in a transaction in which the Company's current shareholders own less than 51% of the successor company, or operates a substantial portion of its business through a joint venture or partnership with another company and Company owns less than 51% of such joint venture or partnership and if Employee's employment under this Agreement or a similar agreement is terminated by Company, or its successor or acquiror, without cause within three years of such acquisition, sale, merger, consolidation, partnership formation or joint venture formation, then Company agrees that Employee shall be entitled to receive the benefits under this paragraph 6. Employee acknowledges that in such a sale or acquisition, Employee's title may be changed and such a change in title will not be viewed as a termination of Employee's employment so long as his salary, duties and responsibilities are commensurate with his current duties and responsibilities. For purposes hereof, any substantial adverse change in Employee's duties and responsibilities, reduction in Employee's salary and benefits, or a requirement that Employee move to a location outside of the Portland Metropolitan area within such 3 year period without Employee's consent shall be deemed a termination of Employee's employment.
Corporate Restructuring. In carrying out Part D of the Project, the Borrower shall, through FSC:
Corporate Restructuring the Issuer shall not and the Issuer shall ensure such other members of the Group engaged in the the Group’s Graphene Business shall not enter into any transaction involving amalgamation, merger, consolidation, tender offer or other business combination involving the Issuer in which the shareholders owning a majority of the voting securities of the Issuer prior to such transaction do not retain a majority of the voting power in the surviving entity, or a sale of all or substantially all the Issuer’s assets or the exclusive license of all or substantially all of the intellectual property rights of the Group’s Graphene Business to third parties, demerger, reverse split or other corporate reconstruction but does not include any sale or disposal of assets, licenses and/or intellectual property rights of the Group that is carried out in the normal course of the Group’s Graphene Business;
Corporate Restructuring. (a) No Bar to Corporate Restructuring. The existence of this Plan or outstanding Award under this Plan shall not affect in any way the right or power of the Company or its shareholders (i) to make or authorize any and all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, (ii) to issue bonds, debentures, preferred or preference stocks ahead of or affecting the Common Stock or the rights thereof, to dissolve or liquidate the Company, (iii) to sell or transfer all or part of its assets or business or (iv) to effect any other corporate act or proceeding, whether of a similar character or otherwise.
Corporate Restructuring. (a) Purchaser acknowledges and agrees that in conjunction with Purchaser’s investment in the Company through the purchase of the Shares, the Company is restructuring its operations such that it will be entering a new field of business focused on the use of induced pluripotent stem cell (“iPS”) technology and other technology for the research and development of stem cell products to treat human vascular and blood diseases and disorders (the “New Field”).
