Examples of Specified Liabilities in a sentence
The transfer of the assets of Fund to Acquiring in exchange solely for Acquiring shares and the assumption by Acquiring of certain identified ordinary course liabilities ("Specified Liabilities") of Fund, followed by the distribution of Acquiring shares to the shareholders of Fund in exchange for their Fund shares, will qualify as a reorganization within the meaning of Code section 368(a)(1).
Fund will recognize no gain or loss on the transfer of its assets to, and on the assumption of its Specified Liabilities by, Acquiring or on the distribution by Fund to its shareholders of Acquiring shares received by Fund in the Reorganization pursuant to the Agreement.
Acquiring will recognize no gain or loss upon the acquisition of Fund's assets in exchange for Acquiring shares and the assumption by Acquiring of Fund's Specified Liabilities.
Petition for mediation in accordance with specified mediation procedures on the basis of the Act on Specified Mediation for Promoting Adjustment of Specified Liabilities, etc.
Anything in this Agreement to the contrary notwithstanding, Losses recoverable under Section 7.01(a)(ii) and Section 7.01(b)(ii) shall not include Losses arising out of, relating to or resulting from, Specified Liabilities.