Business Disposal definition

Business Disposal means the disposal of a Group Member (such that such Group Member ceases to be a Group Member), the business of a Group Member or an investment in a Joint Venture.
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Business Disposal. Has the meaning ascribed to it in paragraph 2.7; “Capital Reduction” : Has the meaning ascribed to it in paragraph 2.9;
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Examples of Business Disposal in a sentence

  • The Parent shall ensure that no substantial change is made to the general nature of the business of the Parent, the Company, the Guarantors or the Group taken as a whole, as carried out (or contemplated to be carried out and so disclosed) as of the Issue Date, except to the extent of (a) a Qualifying Acquisition, (b) the acquisition of Strategic Assets, and/or (c) a Qualifying Business Disposal.

  • An Obligor, other than the Issuer or any member of the Group which is the subject of the IPA Business Disposal or the Higi Business Disposal or any other disposal that is permitted under the terms of this Agreement, is not or ceases to be a Subsidiary of the Issuer.

  • The Issuer shall authorize the Strategic Committee to give the board of the Issuer recommendations in relation to the M&A Process (including in relation to the IPA Business Disposal).

  • Parent shall ensure that no substantial change is made to the general nature of the business of Parent, the Obligors or the Group taken as a whole, as carried out (or contemplated to be carried out and disclosed to the Administrative Agent) at the Original Effective Date, except to the extent of a Qualifying Business Disposal.

  • The CDMA Business Disposal Agreement supersedes the CDMA Business Framework Agreement and all other previous oral or written agreements in connection with the disposal of the CDMA Business (as defined below).

  • There is no existing material breach or default of the PRC Business Disposal Agreement or any other contract or obligation in relation to the PRC Business Disposal.

  • Unless otherwise provided in the CDMA Business Disposal Agreement, none of the parties has the right to waive or terminate the CDMA Business Disposal Agreement under any circumstances (whether prior to or after the Completion Date) (Article 12 of the CDMA Business Disposal Agreement).

  • In order to ensure the normal operation of the business and to maintain the quality of services provided to subscribers, CUCL and Telecom will enter into separate agreement(s) with respect to the operation of such assets in accordance with the principles set out in the CDMA Business Disposal Agreement (Article 7 of the CDMA Business Disposal Agreement).

  • The Transferors shall cause the Target Company to obtain approvals from the general meeting and board of directors of the Target Company in no event later than 30 days after the date hereof, in relation to (i) the First Amendment to the Articles of Association, (ii)the cancelation of the share management agreement of the Target Company, (iii) the Business Disposal and execution of the Business Disposal Agreement.

  • In addition, Telecom has represented that its execution of the CDMA Business Disposal Agreement will not violate (a) any organizational and related documents, applicable laws, regulations or rules or (ii) material contracts, agreements or permissions or orders, rules or decrees of courts, government departments or supervisory authorities (Article 11 of the CDMA Business Disposal Agreement).