Examples of Company Spin-Off in a sentence
For avoidance of doubt, the New Company shall not deliver its comments regarding the principles provided for in these Spin-Off Terms, their Annexes or the Decision on the Company Spin-Off.
Since adoption of the Decision on the Company Spin-Off and until the registration of the New Company with the Register of Legal Entities the shares of the New Company shall confer on their holders property and non-property rights provided for in the Spin-Off Terms, Company Law, and other laws and regulations, except as stipulated in item 8.1 of the Spin-Off Terms.
The Spin-Off stipulated in the Spin-Off Terms shall be effected, if the Company‟s general meeting of shareholders adopts the Decision on the Company Spin-Off.
In case the changes in the Company‟s activity mentioned in items 9.2.2-9.2.4 of the Spin- Off Terms were made before the adoption of the Decision on the Company Spin-Off and such changes are to be deemed material changes in the Company‟s assets, rights and obligations, the head of the Company shall prepare and present the notifications provided for in paragraph 4 of Article 65 of the Company Law.
This notice shall also inform the licensee, resident or responsible party, that they have a right to appear at the hearing in person or be represented by their attorneys or other individual.
During the rearrangement of the electricity sector (which is not directly related to the Company Spin-Off process) a block of servicing companies will be formed in order to separate the ancillary business of the electricity sector and to create a functionally clear its structure.
Prior to the Company Spin-Off and for a period of six months thereafter and for so long as the Company is an Affiliate of Remainco, Remainco shall (a) share with the Company all acquisition opportunities that primarily relate to the business of the Company (a “Related Opportunity”) and (b) not consummate any such Related Opportunity prior to the Company Spin-Off without the prior written consent of the Investors or, after the Company Spin-Off, without the prior written consent of the Company.
In case the changes in the Company‟s activity mentioned in items 7.6.2.2-7.6.2.4 of the Board Report were made before the adoption of the Decision on the Company Spin-Off and such changes are to be deemed material changes in the Company‟s assets, rights and obligations, the head of the Company shall prepare and present the notifications provided for in paragraph 4 of Article 65 of the Company Law.
This Agreement and all obligations of the Parent and the Company hereunder shall terminate with immediate effect upon the earlier of (i) the Exchange of all Notes, (ii) the date on which no Notes remain outstanding and (iii) the consummation of the Company Spin-Off.
Holders shall have no right to exchange their Notes for Parent Common Stock or Parent Warrants at any time prior to an Exchange Trigger or after a Company Spin-Off.