Examples of Codan Holdings in a sentence
If a liquidation of Codan Holdings is decided by Tryg, the Parties shall procure that the liquidation and the subsequent Share Cancellation are effected and completed as soon as practically possible.
Tryg acknowledges and accepts that Bidco and Intact will make the R2.7 Announcement in full reliance on a number of matters including Tryg's entry into, and compliance with its obligations under, this Agreement (including but not limited to its obligations under clause 5 to procure that the Consideration Shares are issued by ScandiJVCo to Codan Holdings) and the Tryg SPA.
In finalising such liquidation, Tryg shall consult with Intact, but Tryg may solely decide that Codan Holdings shall be liquidated, provided that if the distribution of extraordinary dividends set out in clause 11.1.1 has not been made no later than three (3) months following Demerger Completion, Tryg shall be required to make such decision to liquidate Codan Holdings.
If the distribution of extraordinary dividends set out in clause 11.1.1 cannot be made due to insufficient free reserves in Codan Holdings at the time of the distribution, Tryg may alternatively elect that Codan Holdings shall be liquidated.
To the extent the amount of any such compensation is known at Completion, Intact shall procure that RIIH subscribes for shares in Codan Holdings for an amount equal to such compensation, such subscription to be made prior to the Initial Separation.