Demerger definition

Demerger means a demerger pursuant to Chapter 17 of the Finnish Companies Act (624/2006 as amended from time to time).

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Demerger means the proposed demerger of approximately 80.1% of GSK’s interest in the Consumer Healthcare Business pursuant to the Demerger Agreement and the Demerger Dividend;

Demerger means any arrangement where the entities of a single group are separated into two or more different groups that are no longer consolidated by the same ultimate parent entity.

Examples of Demerger in a sentence

• Any such Specific Indemnified Liability in respect of which a Specific Indemnity Notice has not been received within such time limit shall remain with the Unilever Post Demerger Group Company with which such Specific Indemnified Liability sits following expiry of such time limit.

• The Demerger Committee shall comprise two representatives to be appointed by TMICC, whose names shall be notified to Unilever in writing as soon as reasonably practicable after the date of this Agreement, and two representatives to be nominated by Unilever, whose names shall be notified to TMICC in writing as soon as reasonably practicable after the date of this Agreement.

• A representative to the Demerger Committee may be removed at any time by the Party who appointed him or her and such Party shall have the right to appoint a new representative in their place by providing notice in writing to the other Party.

• Notwithstanding the provisions of this Clause 12, no member of the TMICC Group or the Unilever Post Demerger Group (as applicable) shall be required to take any action or refrain from taking any action which it reasonably considers is likely to be unduly onerous or materially prejudicial to it or to its business or to the Tax affairs of it or its Group.

• The Parties have, together with The Magnum Ice Cream Company HoldCo Netherlands B.V. (“TMICC HoldCo”), entered into the Demerger Agreement relating to the Demerger (as defined below).

More Definitions of Demerger

Demerger means a transaction that involves the disaggregation of a single corporate body into two or more new corporate bodies;

Demerger means the transfer by way of demerger of the Demerged Undertaking of the Demerged Company to the Resulting Company, and the consequent issue of equity shares by the Resulting Company to the shareholders of the Demerged Company as set out in Part II hereof;

Demerger has the meaning set forth in the recitals.

Demerger means the demerger of IN30 from the Enterprise Group.

Demerger means the transfer by way of demerger of the demerged undertaking from the Transferor Company to the resulting company.

Demerger means the proposed demerger of Cable & Wireless plc as described in the Circular (as defined in article 7 above);

Demerger has the meaning assigned to such term in the Recitals to this Agreement.