Absorption-type Company Split definition

Absorption-type Company Split means, an absorption-type company split to succeed Borrower’s business, including its status and rights and obligations hereunder, to Borrower (New LINE), in accordance with the Absorption-type Company Split Agreement entered into by and between Borrow and Borrower (New LINE) dated January 31, 2020, as part of the Restructuring.
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Examples of Absorption-type Company Split in a sentence

  • Rights Accompanying the Absorption-type Company Split Obligations in relation to stock acquisition rights which MHI issued will not be transferred to the Integrated Company.

  • Hitachi Information & Control Solutions will succeed to all rights and obligations, including assets, claims and obligations, contractual status, permits and licenses, and intellectual property of Hitachi as stipulated by the Absorption-type Company Split Agreement.

  • In accordance with this accounting treatment, the assets and liabilities subject to the Absorption-type Company Split will be transferred to the Integrated Company and the Integrated Company shares allotted due to the Absorption-type Company Split are expected to be recorded under affiliated company shares evaluated at the fair value on the effective date of the Absorption-type Company Split.

  • After the execution date of this Agreement, but before the Effective Date, terms of the Absorption-type Company Split hereunder may be amended, or terminated, in case any material change in conditions of assets or operation of BJPP or MEDIROM occurs, or in any other case any events adversely and materially affecting the implementation of the Absorption-type Company Split occurs, due to any natural disaster or any other reason.

  • Consolidated Financial Statements Hitachi expects to apply the provisions of “Deconsolidation” and “Initial measurement of an equity method investee” under the US GAAP regarding the Absorption-type Company Split.

  • In the Absorption-type Company Split, obligations of MHI, Hitachi and the Integrated Company are anticipated to be duly performed.

  • The equity ownership percentage of MHI and Hitachi will be 65% and 35%, respectively, on the effective date of the Absorption-type Company Split.

  • Hitachi Plant Services will succeed to all rights and obligations of Hitachi relating only to the Business to Be Transferred, including assets, claims and obligations, the contractual status, approvals and licenses, and labor agreements, as stipulated by the Absorption-type Company Split Agreement.

  • The Integrated Company will succeed assets, liabilities, other rights and obligations and contractual status from MHI and Hitachi through the Absorption- type Company Split as provided in the Absorption-type Company Split Agreements.

  • Upon the Absorption-type Company Split, BJPP shall assume from MEDIROM its assets, liabilities, contractual status and other rights and obligations stated in Exhibit "Description of Succeeded Rights and Obligations" in connection with the Businesses.