Examples of Resulting Company in a sentence
Subsequent thereto, the transfer of four demerged undertakings of Demerged Company into the Resulting Company with effect from the Appointed Date, April 1, 2013 has been completed.The Board of Directors thank the Management team and Associates for the seamless completion of the Demerger.SHARE CAPITAL AND ALLOTMENT OF SHARES ON ACCOUNT OF DEMERGERPrior to the Demerger, POCL Enterprises Limited (“POEL”) was a wholly owned subsidiary of M/s.
The Resulting Company undertakes to continue to abide by any agreement/ settlement or arrangement, if any, entered into or deemed to have been entered into by the Demerged Company with any of the aforesaid employees or union representing them.
The shares of Resulting Company will be valued by residual price methodology which would be the closing value of the shares of De-merged Company on the day before the de-merger less opening value of the shares of De-merged Company immediately post de-merger.
If at any point the Tenant fails to keep the yard in good condition, the Landlord/management company will hire a landscaper at the Tenant's expense and a fine of $50 will be charged to Tenant(s).
Accordingly, it is being proposed to transfer the Demerged Undertaking of the Demerged Company to the Resulting Company.