Initial Consolidation definition
Examples of Initial Consolidation in a sentence
No assurance can be given regarding (A) whether the companies acquired by Buyer in the Initial Consolidation Transactions can be successfully integrated and operated, or (B) what companies, if any, will ultimately be acquired by Buyer.
Initial Consolidation - The University reserves the right to consolidate single occupants residing in multiple capacity rooms.
In addition, (i) LiveWire shall provide to H-D, calculated as of the Initial Consolidation Date, and (ii) H-D shall provide to LiveWire as of any Deconsolidation Date upon written request all relevant information required for the determination of earnings and profits of any members of the LiveWire Group (on a standalone basis), calculated in accordance with applicable provisions of the Code and the Treasury Regulations thereunder.
All rights, franchises and interests of Sunbelt and New Bank, respectively, in and to any type of property and choses in action shall be transferred to and vested in the First Surviving Bank by virtue of the Initial Consolidation without any deed or other transfer.
It is anticipated by Bancshares and Baytown that the Closing, the Initial Consolidation Effective Time and the Effective Date will occur on the same day.
The Executive shall have such responsibilities, powers and duties as may from time to time be prescribed by the Board, the Chief Executive Officer, or the most senior executive officer of the Companies; provided that such responsibilities, powers and duties are substantially consistent with those customarily assigned to individuals serving in such position at comparable companies or as may be reasonably required for the proper conduct of the business of the Companies.
This Agreement shall apply as of the Initial Consolidation Date and shall remain in effect unless the Parties agree in writing to terminate this Agreement.
All deposits, debts, liabilities and obligations of Sunbelt and of New Bank, respectively, accrued, absolute, contingent or otherwise, and whether or not reflected or reserved against on balance sheets, books of account or records of Sunbelt or New Bank, as the case may be, shall be those of the First Surviving Bank and shall not be released or impaired by the Initial Consolidation.
On the effective date of the Initial Consolidation and until thereafter amended in accordance with applicable law, the Articles of Association of the First Surviving Bank shall be the Articles of Association of Sunbelt as in effect on the effective date of the Initial Consolidation.
All deposits, debts, liabilities and obligations of Texas National and of New Bank, respectively, accrued, absolute, contingent or otherwise, and whether or not reflected or reserved against on balance sheets, books of account or records of Texas National or New Bank, as the case may be, shall be those of the First Surviving Bank and shall not be released or impaired by the Initial Consolidation.