Restructuring Steps definition

Restructuring Steps the Novations and the steps required to complete the reorganisation of the Group Companies and certain assets used in connection with the Agila Business as set out in Appendix 2 ;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Restructuring Steps shall have the meaning set forth in the Asset Purchase Agreement.

Restructuring Steps means the steps, transactions, or actions set out in Clause 5 (Restructuring Steps) and “Restructuring Step 1, 2, 3, etc.” shall refer to the relevant step as further described under that heading in Clause 5 (Restructuring Steps);

Examples of Restructuring Steps in a sentence

• The Separation shall have been completed in accordance with the Restructuring Steps Memorandum.

• Prior to the Effective Time, Grace, ▇▇▇▇▇ ▇▇▇▇ and GCP shall and shall cause each of their respective Subsidiaries to take such actions as are necessary to carry out each of the steps described in the Restructuring Steps Memorandum as taking place prior to the Effective Time.

• RemainCo and SpinCo shall take the steps set forth and in the order specified on the Restructuring Steps Memorandum, which, for the avoidance of doubt, is a part of this Agreement and sets forth certain additional rights and obligations of the Parties and their respective Subsidiaries and Affiliates hereunder, to the extent the Restructuring Steps Memorandum contemplates such steps being taken at or prior to the Effective Time.

• Immediately following the completion of the First Contribution and immediately prior to the Second Contribution, in accordance with the Restructuring Steps Memorandum, EESLP shall distribute all of the outstanding shares of Controlled Common Stock to RemainCo and General Holdings on a pro rata basis in respect of each such entity’s respective interest in EESLP.

• This Agreement and the transactions contemplated hereby, including the transactions contemplated by the Restructuring Steps Memorandum and the declaration of the External Distribution, shall have been approved by the RemainCo Board, and such approval shall not have been withdrawn.

More Definitions of Restructuring Steps

Restructuring Steps means the restructuring steps to be taken prior to the Effective Date and the sequence thereof set forth on Schedule 1.4.

Restructuring Steps means each of the steps set out in Schedule 7 (Restructuring Steps) in the Agreed Form.

Restructuring Steps means the actions required to be undertaken by the Parties in order to give effect to the Restructuring as set out in Schedule 3 as modified or amended in any way by the Parent after the date on which this Agreement (other than the Immediately Effective Provisions) becomes effective in accordance with Clause 1.5 provided that such modification or amendment shall only be permitted if the modification or amendment has been notified to all the Parties and:

Restructuring Steps means the steps, transactions or actions set out in Clause 4.6 (Restructuring Steps: Implementation) of Section 2 (Terms of the CVA).

Restructuring Steps means the Proceedings Steps and the Private Subscription Steps, as applicable.

Restructuring Steps means the obligations of each Party set out in paragraphs (i) to (v) of ARTICLE II.

Restructuring Steps means the activities described in Schedule 3.3(b).