Common use of Demerger Clause in Contracts

Demerger. (a) In the period between the date hereof and the Closing, (i) to the extent permitted by applicable Laws and Orders and (ii) in accordance with the Demerger Proposal, the Company shall consummate the Demerger in conjunction with VEON Intermediate Holdings and VEON MidCo. (b) Following the Demerger, the Company will hold only the Retained Assets and Liabilities.

Appears in 2 contracts

Sources: Business Combination Agreement (Cohen Circle Acquisition Corp. I), Business Combination Agreement (Cohen Circle Acquisition Corp. I)

Demerger. (a) In the period between the date hereof and the Closing, (i) to the extent permitted by applicable Laws and Orders and (ii) in accordance with the Demerger Proposal, the Company shall consummate the Demerger in conjunction with VEON ▇▇▇▇ Intermediate Holdings and VEON ▇▇▇▇ MidCo. (b) Following the Demerger, the Company will hold only the Retained Assets and Liabilities.

Appears in 1 contract

Sources: Business Combination Agreement (VEON Ltd.)