Demerger Effective Date definition

Demerger Effective Date means the date on which the equity shares of the Transferor Company have been issued pursuant to the Demerger Scheme having become effective in accordance with the terms thereof;
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Demerger Effective Date means the date on which the Conditions are satisfied or waived, expected on 30 October 2020;
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Demerger Effective Date means, in respect of an LTO Unit, the date on which the partial demerger of the relevant LTO Unit to NuclearSub occurs (as contemplated in schedule 2 (Structuring) to the Implementation Agreement);
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Examples of Demerger Effective Date in a sentence

  • This agreement (other than obligations that have already been fully performed) remains in full force after the Demerger Effective Date.

  • However, if any of the Demerged Contracts expires, is withdrawn from, or is terminated before the Demerger Effective Date, no rights or obligations under such a Demerged Contract shall be included in the Demerged Business.

  • Topco shall cause a board meeting of the Company to be held on the Demerger Effective Date at which the approval of the registration of the transfer of the Company Shares, subject to the transfers being stamped at the cost of Newco.

  • The final price due to the Bank BPH Sellers will be adjusted depending on the adjusted tangible book value of the Bank BPH Core Business as at the Demerger Effective Date (for reference, the unadjusted tangible book value of the entire Bank BPH Core Business amounted to PLN 1,646 million as of 30 September 2015).

  • NuclearSub will be a co-owner of each Demerged LTO Unit with effect from the applicable Demerger Effective Date.

  • It also contains certain commitments of Bank BPH relating to conducting its activities between the signing of the Share Purchase and Demerger Agreement and the Demerger Effective Date.

  • For the avoidance of doubt, as at the Demerger Effective Date, the Acquiring Company shall acquire title to the assets allocated to it in the Demerger Plan, step into the obligations allocated to it in the Demerger Plan, take over (with application of the continuity principle) the business processes included in the Demerged Activity), and will become a party to all the administrative decisions and other acts relating to the Demerged Activity.

  • The provisions of Schedule 4 shall have effect from the Demerger Effective Date.

  • If these shareholders still own shares in Bank BPH as at the Demerger Effective Date, these shares will be exchanged for shares in the Bank as a result of the Demerger.


More Definitions of Demerger Effective Date

Demerger Effective Date has the meaning given to that term in the CTA. “Demerger Proposal” has the meaning given to that term in the CTA. “DevEx” means an amount equal to the NuclearSub Proportion of:
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