Slump Exchange definition

Slump Exchange means the transfer and vesting of Transferred Undertaking(as defined hereinafter) of Transferor Company to Transferee Company on a going concern and “as-is-where-is” basis for a lump sum consideration, to be exchanged by way of issuance of equity shares of Transferee Company, without values being assigned to the individual assets and liabilities, and to be implemented in terms of Part V of the Scheme.
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Slump Exchange means the transfer and vesting of the Transferred Undertakings of DFPCL into SCM Fertichem on a going concern and“as-is-where-is” basis for a lump sum consideration, without values being assigned to the individual assets and liabilities, in terms of Part III of the Scheme;
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Examples of Slump Exchange in a sentence

  • The lump-sum consideration for the transfer and vesting of the Transferred Undertaking in the Transferee Company by way of Slump Exchange as stated in clause 43 herein above has been determined and agreed upon by the respective Boards of Directors of both, the Transferor Company and the Transferee Company,based on their independent judgment.

  • Transferred Undertaking of ODCL shall stand transferred to and be vested in and/or be deemed to have been transferred to and vested in DCBL, as a going concern, by way of Slump Exchange, so as to become, as from the Appointed Date, the undertaking of Transferee Company.

  • Transferee Company shall record issuance of equity shares at fair value and accordingly credit to its Share Capital Account the aggregate face value of the equity shares issued on Slump Exchange.

  • For the purposes of giving effect to the sanction of the Scheme by NCLT, Amalgamated Company and Transferee Company shall at any time pursuant to such order be entitled to get the recordal of change in the legal right(s) upon the Amalgamation of Amalgamating Company and Slump Exchange of Transferred Undertaking respectively, in accordance with the provisions of the sections 230 to 232 and/or the other applicable provision of the 2013 Act, as case may be.

  • If P is the percentage of marks secured (IA + semester end score) by the candidate in a course which is rounded off to the nearest integer, the grade point (GP) earned by the candidate in that course will be given as below: Percentage (%)Grade(GP)Percentage (%)Grade(GP)404.071-757.541-454.576-808.046-505.081-858.551-555.586-909.056-606.091-959.561-656.596-10010.066-707.0 Grade point of less than 4 shall be considered as fail in t he course, hence, GP=0 and for the absent candidate also GP=0.

  • The transfer and vesting of Transferred Undertaking (as defined in the Scheme) of the Amalgamated Company (post the Amalgamation of the Amalgamating Company with the Transferor Company), to Transferee Company by way of Slump Exchange; which has been approved by the Audit Committee and the Board of Directors of the DCBL at their respective meetings held on November 5, 2016, is attached to this notice.

  • One community resident testified that “We have a friend with a twelve-year-old daughter that we’ve known since birth.

  • Srei Infrastructure will continue to hold 100% shares of Srei Equipment (including new shares issued upon Slump Exchange) and Srei Equipment will continue to be 100% subsidiary of Srei Infrastructure.Notice is hereby given to the NCD Holders of Srei Infrastructure to share their consent to the above Slump Exchange.

  • The transfer and vesting of Transferred Undertaking (as defined in the Scheme) of the Amalgamated Company (post the Amalgamation of the Amalgamating Company with the Transferor Company), to Transferee Company by way of Slump Exchange; which has been approved by the Board of Directors of DCEL at their meeting held on August 03, 2017, is attached to this notice.

  • Consequently, the respective Board of Directors (defined below) of DFPCL, SCM Fertichem and Smartchem after a detailed consideration, have propounded this Scheme and have accordingly proposed the Slump Exchange (defined below) and consequent Demerger (defined below) of the TAN Business and the Fertiliser Business as an integral and indivisible part of the Scheme.

Related to Slump Exchange

  • National Exchange means the Nasdaq National Market or any other national exchange on which the Common Stock of the Corporation is listed.

  • Optional Exchange means the exchange of the Certificates by the Trust for the Underlying Securities pursuant to Section 7(a) hereof.

  • Primary Exchange means, with respect to each Index constituent or each constituent underlying a Successor Index, the primary exchange or market of trading such Index constituent or such constituent underlying a Successor Index.

  • Applicable Exchange means the New York Stock Exchange or such other securities exchange as may at the applicable time be the principal market for the Common Stock.

  • Direct Exchange has the meaning set forth in Section 11.03(a).

  • Final Exchange Bulletin means the Exchange Bulletin which is issued following closing of the Qualifying Transaction and the submission of all required documentation and that evidences the final Exchange acceptance of the Qualifying Transaction.

  • Reference Exchange means XETRA.

  • Optional Exchange Date means any date on which Underlying Securities subject to Optional Exchange are distributed to a Certificateholder.

  • Recognized Exchange means The New York Stock Exchange or the Nasdaq National Market.

  • Related Exchange means each exchange or quotation system where trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to the FTSE 100, including any transferee or successor to any such exchange or quotation system or any substitute exchange or quotation system to which trading in futures or options contracts relating to the FTSE 100 has temporarily relocated (provided that the Calculation Agent has determined that there is comparable liquidity relative to

  • Principal Exchange means, in respect of a Share, any stock exchange or quotation system on which such Share is listed. As of the date of this Information Statement, the Principal Exchange for each Share is as set forth under "Summary Information Regarding the Companies".

  • Relevant Exchange means the Relevant Exchange as specified in § 2 of the Product and Underlying Data.In the case of a material change in the market conditions at the Relevant Exchange, such as a final discontinuation of the quotation of the Underlying at the Relevant Exchange and the quotation at a different stock exchange or a considerably restricted number or liquidity, the Relevant Exchange shall be substituted as the Relevant Exchange by another exchange that offers satisfactorily liquid trading in the Underlying (the "Substitute Exchange"); such exchange shall be determined by the Calculation Agent acting in accordance with relevant market practice and in good faith. In this case, any reference to the Relevant Exchange in the Terms and Conditions of these Securities shall be deemed to refer to the Substitute Exchange.

  • Qualified Exchange means any legal defeasance, redemption, retirement, repurchase or other acquisition of Capital Stock or Indebtedness of the Company issued on or after the Issue Date with the Net Cash Proceeds received by the Company from the substantially concurrent sale of its Qualified Capital Stock or any exchange of Qualified Capital Stock of the Company for any Capital Stock or Indebtedness of the Company issued on or after the Issue Date.

  • Interest exchange means the acquisition of an ownership or membership interest in a domestic entity as provided by Subchapter B, Chapter 10. The term does not include a merger or conversion.

  • Designated Exchange means any of The New York Stock Exchange, The NASDAQ Global Select Market, The NASDAQ Global Market, or any successor to any of the foregoing.

  • Approved Exchange means the New York Stock Exchange and/or the Nasdaq Stock Market.

  • Specified Exchange means the Australian Stock Exchange, the Johannesburg Stock Exchange, the London Stock Exchange Main Market, the Nasdaq Stock Market, the New York Stock Exchange, or the Hong Kong Stock Exchange;

  • SIX Swiss Exchange means SIX Swiss Exchange AG and any successor thereto; and

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • Alternative Stock Exchange means at any time, in the case of the Ordinary Shares, if they are not at that time listed and traded on the ASX, the principal stock exchange or securities market on which the Ordinary Shares are then listed or quoted or dealt in;

  • Daily Exchange Value means, for each of the 20 consecutive Trading Days during the Observation Period, one-twentieth (1/20) of the product of (a) the applicable Exchange Rate and (b) the Daily VWAP of the Common Stock (or the Reference Property, if applicable) on such day.

  • Specified Exchange Date means the first business day of the month that is at least 60 business days after the receipt by the General Partner of the Notice of Exchange.

  • Exchange Day means a day which is (or, but for the occurrence of an Extraordinary Event, would have been) a trading day on each of the Principal Exchanges and Related Exchanges for the Shares comprising the Equity Portfolio or related contracts, options or instruments, including a day on which trading on such an exchange is scheduled to close prior to its regular closing time. If such term is used in relation to a particular Share, "Exchange Day" means a day which is (or, but for the occurrence of a Market Disruption Event in respect of the Share, would have been) a trading day on each Principal Exchange and Related Exchange for the Share or related contracts, options or instruments, including a day on which trading on such an exchange is scheduled to close prior to its regular closing time.

  • Related Exchange(s means each exchange or quotation system (as the Determination Agent may select) where trading has a material effect (as determined by the Determination Agent) on the overall market for futures or options contracts relating to the Share or, in any such case, any transferee or successor exchange of such exchange or quotation system.

  • Market Exchange Rate means, unless otherwise specified with respect to any Securities pursuant to Section 301, (i) for any conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant to Section 301 for the Securities of the relevant series, (ii) for any conversion of Dollars into any Foreign Currency, the noon buying rate for such Foreign Currency for cable transfers quoted in New York City as certified for customs purposes by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities pursuant to Section 301, in the event of the unavailability of any of the exchange rates provided for in the foregoing clauses (i), (ii) and (iii), the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in New York City, London or other principal market for such currency or currency unit in question, or such other quotations as the Exchange Rate Agent shall deem appropriate. Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any currency or currency unit by reason of foreign exchange regulations or otherwise, the market to be used in respect of such currency or currency unit shall be that upon which a nonresident issuer of securities designated in such currency or currency unit would purchase such currency or currency unit in order to make payments in respect of such securities.