Division definition

Division means the division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing Person and pursuant to which the Dividing Person may or may not survive.

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Division means, in reference to any Person which is an entity, the division of such Person into two (2) or more separate Persons, with the dividing Person either continuing or terminating its existence as part of such division, including, without limitation, as contemplated under Section 18-217 of the Delaware Limited Liability Company Act for limited liability companies formed under Delaware law, or any analogous action taken pursuant to any other applicable law with respect to any corporation, limited liability company, partnership or other entity.

Division means the Workers’ Compensation Division of the Department of Consumer and Business Services.

Examples of Division in a sentence

• The Borrower will not permit any Unencumbered Asset Subsidiary to sell, transfer or otherwise dispose of (including by way of a Division) any material asset unless (a) immediately after giving effect to such transaction, the Loan Parties’ will be in compliance with the covenants contained in §9 and (b) in the case of the sale, transfer or other disposal of an Unencumbered Asset, such sale, transfer or disposal is made in compliance with §5.4.

• Each of the Company and the Representative hereby agrees that any action, proceeding, or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York, New York County under the accelerated adjudication procedures of the Commercial Division, or in the United States District Court for the Southern District of New York, as applicable, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive.

More Definitions of Division

Division means the Division of Consumer Affairs in the

Division means the Division of Municipal Supply Services, Department of Citywide Administrative Services.

Division means any of the operating units or divisions of the Company designated as a Division by the Committee.

Division means the division of labor services of the department of workforce development.

Division means the Division of Labor Standards Enforcement of the State of California.

Division shall refer to the State of Maine Division of Purchases.

Division means the Division of Child and Family Services.