Legal Entity Restructuring definition

Legal Entity Restructuring means the pre-Completion restructuring to be implemented on or before the Completion Date pursuant to the restructuring steps set out in Schedule 7 (Legal Entity Restructuring) and the Legal Entity Restructuring Documents, in each case as may be amended in accordance with Clause 7 (Legal Entity Restructuring).
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Examples of Legal Entity Restructuring in a sentence

  • Such list is true and complete as at the Signing Date and, in relation to each Benefit Plan, separately identifies each Benefit Plan, if any, sponsored by (or expected, following the Legal Entity Restructuring and the UK Retail Separation, to be sponsored by) the Seller or one of Seller's Affiliates other than the Group Companies as a "Seller Benefit Plan".

  • As of Completion, the Group Companies shall not, directly or indirectly, be engaged in any business other than the Divestment Business, or, after giving effect to the Legal Entity Restructuring, own or hold or have any responsibility for, any material Assets or Liabilities, other than the Acquired Assets and Liabilities primarily or exclusively related to the Divestment Business.

  • Other than assets and rights where the non-availability for use by the Divestment Business would not reasonably be expected to have individually or in the aggregate a material effect on the Divestment Business, as of Completion (after giving effect to the Legal Entity Restructuring and the UK Retail Separation), the Group Companies shall own, hold and have good and valid title to, or a valid license to use or leasehold interest in, all Acquired Assets.