Internal Separation definition
Examples of Internal Separation in a sentence
There shall not be in effect in the United States of America or any of the jurisdictions set forth in Section 8.01(f) of the TDCC Disclosure Letter any Law or any Governmental Order issued by a Governmental Authority of competent jurisdiction that enjoins or makes illegal the consummation of the Merger, the Internal Separation or the Separation.
This Section 7.06(c) shall not apply with respect to the Internal Separation.
TDCC shall keep Parent reasonably informed of the status of the Internal Separation, including TDCC’s and Spinco’s progress in obtaining any necessary third-party consents or approvals of Governmental Authorities, and shall consult with Parent regarding the terms of any arrangements established pursuant to Section 2.01(d)(iii) or Section 2.02 of the Separation Agreement.
The Internal Separation and the Separation shall have been consummated in all material respects in accordance with the Separation Agreement.