Business succession agreement definition

Business succession agreement means a legally binding agreement between business partners under which the life insured’s share of the business is to be purchased by another partner when defined events occur. In this context ‘the value associated with the business insurance purpose’ means the value of the life insured’s financial interest in the business.
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Business succession agreement means a legally binding agreement between business partners under which the life insured’s share of the business is to be purchased by the other partner(s) upon the occurrence of defined events.
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Business succession agreement means a legally binding agreement between business partners under which the member’s share of
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More Definitions of Business succession agreement

Business succession agreement or “BSA” means Business Succession Agreement dated August 03, 2020 entered between the Acquirer, who is the sole proprietor of M/s. Balu India, and the Target Company, prescribing the details of succession of Balu India by the Target Company, wherein the Acquirer will receive Consideration (other than cash) by way of allotment of Equity Shares of the Target Company equivalent to the fair market value of Balu India.
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Related to Business succession agreement

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  • Formation Agreement has the meaning attributed to it in Recital A;

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  • Long Term Supply Assignment means, in relation to an employee,

  • Acquisition Agreements means the Nexstar Acquisition Agreement and the Mission Acquisition Agreement, and “Acquisition Agreement” means the applicable agreement in the context used.

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  • Designation Agreement means a designation agreement in substantially the form of Exhibit G attached hereto, entered into by a Bank and a Designated Lender and accepted by the Administrative Agent.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Admission Agreement An admission agreement in the form available on the Civil Service Pensions website immediately prior to the Relevant Transfer Date to be entered into by the Supplier where it agrees to participate in the Schemes in respect of the Services;

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  • Transaction Agreement has the meaning set forth in the recitals.

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  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 J], dated as of March 18, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

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  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures, contained in Annex 1A to the WTO Agreement;

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  • Novation Agreement means a legal instrument—

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  • Termination Agreement has the meaning set forth in the Recitals.

  • Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.

  • Mediation agreement means a written agreement between the parties to a mediation meeting.