Definition of Tax Restructuring Transactions


Tax Restructuring Transactions means the series of transactions to be consummated by the Company and its Subsidiaries in which (a) Greif Luxembourg Holding will become the owner, directly or indirectly, of Greif CV Management LLC, Greif CV-Management II LLC, Greif CV1, Greif International Holding Supra II C.V. and the other Persons that are organized under the laws of The Netherlands that are owned directly or indirectly by GNH (such transactions described in this clause, collectively, "Step One") and (b) one or more of Greif CV Management LLC, Greif CV-Management II LLC, Greif CV1, Greif International Holding Supra II C.V., Greif International Holding (but only so long as the Company has provided notice to the Administrative Agent pursuant to Section 2.16(e) that the Company is terminating Greif International Holding as a Designated Borrower), and the other Persons that are organized under the laws of The Netherlands that are owned directly or indirectly by GNH may be dissolved, merged or amalgamated out of existence, all of which shall be consummated on terms and conditions, and pursuant to documentation, reasonably satisfactory to the Administrative Agent.
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