Examples of Absorbing Company in a sentence
On the Performance Date, the Absorbing Company shall acquire and assume the Undertaking of the Absorbed Company.
Both the Absorbing Company, as well as the Absorbed Company, have decided and committed to receiving and/or performing all further required decisions, actions and procedures for the approval and performance of the Plan.
Works and activities conducted by the Absorbed Company until the Performance Date shall be assumed and continue to be conducted by the Absorbing Company.
All rights on any property, moveable or immoveable, contractual rights and/or any other rights and assets of the Absorbed Company shall be transferred and/or considered to have been transferred to the Absorbing Company and shall be held and owned by the Absorbing Company under any such terms or restrictions as they shall be held or owned by the Absorbed Company until the Performance Date.
All obligations, liabilities and duties of the Absorbed Company shall be transferred and assumed and shall be considered to have been transferred and assumed by the Absorbing Company and shall constitute obligations, liabilities and duties of the Absorbing Company under any such rules or restrictions applicable in relation to the Absorbed Company until the Performance Date.
The Boards of Directors of the Absorbed Company and the Absorbing Company have decided to adopt and approve the Plan and to take all the necessary actions and apply all the procedures for the performance of the Plan, including the conditions stated in paragraph 6 hereinbelow.
Any contractual rights and obligations of the Absorbed Company from or to any counter-contracting party shall be transferred to the relationship between the Absorbing Company and that counter-contracting party and shall continue to be valid between the counter-contracting party and the Absorbing Company.
The Transferrable Tax Losses shall be transferred and/or considered to have been transferred by the Absorbed Company to the Absorbing Company.
Any employees providing services to the Absorbed Company, as well as the relevant employment and / or service provision contracts, where any, and the rights and obligations arising therefrom shall be transferred and assumed and/or shall be considered to have been transferred and assumed by the Absorbing Company, and the said employees shall be rendered and/or shall be considered to have been rendered employees of the Absorbing Company.
The shareholders of the Absorbing Company shall have approved the Plan by way of written vote signed by them and/or in accordance with any further direction deemed necessary to be given by the Court regarding the approval of the Plan by the shareholders of the Absorbing Company.