Examples of Amalgamated Company 1 in a sentence
The Amalgamated Company 1 shall be entitled to exercise all rights and privileges attached to the aforesaid immovable properties and shall be liable to pay the ground rent and taxes and fulfill all obligations in relation to or applicable to such immovable properties.
The Amalgamated Company 1 shall continue to pay rent or lease or license fee as provided for in such agreements, and the Amalgamated Company 1 and the relevant landlords, owners and lessors shall continue to comply with the terms, conditions and covenants there-under.
With effect from the Appointed Date and up to and including the Effective Date, the Amalgamating Company 1 shall carry on and be deemed to have carried on all business and activities and shall hold and stand possessed of and shall be deemed to hold and stand possessed of the entire Undertaking for and on account of, and in trust for, the Amalgamated Company 1.
In the event the result is negative, it shall be credited as Capital Reserve in the books of account of the Amalgamated Company 1.
For the avoidance of doubt, Input Tax Credits already availed of or utilized by the Amalgamating Company 1 and the Amalgamated Company 1 in respect of inter se transactions shall not be adversely impacted by the cancellation of inter se transactions pursuant to this Scheme.
It is hereby clarified that if the consent of any third party or authority is required to give effect to the provisions of this clause, the said third party or authority shall be obligated to, and shall make and duly record the necessary substitution/endorsement in the name of the Amalgamated Company 1 pursuant to the sanction of this Scheme by the Court, and upon this Scheme becoming effective in accordance with the terms hereof.
Without limiting the generality of the foregoing, the Amalgamated Company 1 shall also be entitled to refund of security deposits paid under such agreements by the Amalgamating Company 1.
It is hereby clarified that investments, if any, made by the Amalgamating Company 1 and all the rights, title and interest of the Amalgamating Company 1 in any licensed properties or leasehold properties shall, pursuant to Section 394(2) of the 1956 Act and the provisions of this Scheme, without any further act or deed, be transferred to and vested in or be deemed to have been transferred to and vested in the Amalgamated Company 1.
Excess, if any, of the amount of investment in the Amalgamating Company 1 as appearing in the books of the Amalgamated Company 1 as on the Appointed Date over the fair value of Net Assets (including identifiable intangible assets, if any, whether or not recorded in the books of accounts) taken over and recorded will be recognized as goodwill in accordance with Accounting Standard- 14.
The Amalgamated Company 1 accepts and adopts all acts, deeds and things made, done and executed by the Amalgamating Company 1.