Demerged Companies definition

Demerged Companies means the First Demerged Company and Second Demerged Company.
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Demerged Companies means the First Demerged Company and the Second Demerged Company, collectively; “Demerged Liabilities” shall have the meaning set forth in Clause 6.1;
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Demerged Companies means Infibeam and NSI;
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Examples of Demerged Companies in a sentence

  • The Demerged Companies shall in no event be responsible or liable in relation to any such legal or other proceedings against the Applicant Company.

  • The Applicant Company shall be added as party to such proceedings and shall prosecute or defend such proceedings in co-operation with the respective Demerged Companies.

  • In the event that such notice has not been received by the Applicant Company in respect of any of the members of the Demerged Companies, the shares shall be issued to such members in dematerialised form provided that the members of the Demerged Companies shall be required to have an account with a depository participant and shall provide details thereof and such other confirmations as may be required.

  • All Intellectual Property Rights pertaining to the Demerged Undertakings, if any, being used by Demerged Companies shall stand transferred to and vested in and be deemed to be transferred to and vested in the name of Resulting Company without any further act, instrument or deed.

  • The shareholders of the Demerged Companies shall not be entitled to dividend, if any, declared and paid by the Applicant Company to its shareholders for the accounting period prior to the Appointed Date.

  • If proceedings are taken against any of the Demerged Companies in respect of the matters referred to in Clause 7.1 above, it shall defend the same in accordance with the advice of the Applicant Company and at the cost of the Applicant Company, and the latter shall reimburse and indemnify such Demerged Company against all liabilities and obligations incurred by the Demerged Company in respect thereof.

  • The Demerged Companies undertake that they shall preserve and carry on the business of the Demerged Undertakings with business prudence.

  • Upon the coming into effect of this Scheme, the Applicant Company alone shall be liable to perform all obligations in respect of the Demerged Liabilities, which have been transferred to it in terms of this Scheme, and the Demerged Companies shall not have any obligations in respect of such Demerged Liabilities.

  • The Board of Directors of the Demerged Companies shall be empowered to remove such difficulties as may arise in the course of implementation of this Scheme and registration of new members in the Applicant Company on account of difficulties faced in the transaction period.

  • The Applicant Company and Demerged Companies shall be entitled to file/revise their income tax returns, TDS certificates, TDS returns, wealth tax returns and other statutory returns, if required, and shall have the right to claim refunds, credit of tax deducted at source, credit of foreign taxes paid/ withheld etc., if any (except as specifically provided in relation to the ABNL Remaining Business), as may be required consequent to implementation of this Scheme.


More Definitions of Demerged Companies

Demerged Companies means Demerged Company 1 and Demerged Company 2;
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Demerged Companies means SABTNL, UBJ, HHP and MPCR and the term Demerged Company means any of the Demerged Company as the context may require;
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Demerged Companies means the resulting companies;
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Demerged Companies means collectively, the Demerged Company 1 and the Demerged Company 2;
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Demerged Companies. Harrisons (Management) Limited (formerly known as Stirling Shipmanagement Limited) and Harrisons (Offshore) Limited (formerly known as Clyde Designs Limited);
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Related to Demerged Companies

  • Group Companies means the Company and its Subsidiaries.

  • Pledged Companies means each Person listed on Schedule 5 as a “Pledged Company”, together with each other Person, all or a portion of whose Equity Interests are acquired or otherwise owned by a Grantor after the Closing Date.

  • Target Companies means the Target and its Subsidiaries.

  • Company Subsidiaries means the Subsidiaries of the Company.

  • Related Companies means the companies within the meaning of Article L. 225-197-2 of the French Commercial Code or any provision substituted for same.

  • Target Group means the Target and its Subsidiaries.

  • Group Company of a Company means

  • Target Company means each of the Company and its direct and indirect Subsidiaries.

  • Peer Group Companies means the following companies: .

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Seller’s Group means the Seller and any company which is, on or after the date of this Agreement, a subsidiary or holding company of the Seller or a subsidiary of a holding company of the Seller, and excludes, for the avoidance of doubt, any Group Company, and "Seller's Group Company" shall be construed accordingly.

  • Consolidated Companies means, collectively, Borrower and all of its Subsidiaries.

  • Seller Subsidiaries means the subsidiary partnerships of the McNeil Partnerships listed on Annex G to this Agreement (the "Subsidiary Partnerships") and the subsidiary corporations listed on Annex F to this Agreement (the "Subsidiary Corporations") which hold GP Interests in certain of the Subsidiary Partnerships.

  • Material Group Company means the Issuer or a Subsidiary representing more than 10.00 per cent. of either (i) the total assets of the Group on a consolidated basis (for the avoidance of doubt, excluding any intra-group transactions) or (ii) the EBITDA of the Group on a consolidated basis according to the latest Financial Report.

  • Restricted companies means companies that boycott Israel.

  • Associated Companies : means any agent with delegated authority under Section 20 of these Terms and Conditions.

  • Operating Companies means, collectively, the Creekside Operating Company, the Mentone Operating Company and the Yucaipa Operating Company. “Operating Company” means any of the Operating Companies.

  • Buyer’s Group means the Buyer and any other company which is or becomes a subsidiary or holding company of the Buyer or a subsidiary of such holding company;

  • Portfolio Companies means any Person in which any Fund owns or has made, directly or indirectly, an investment.

  • Spinco Subsidiaries means all direct and indirect Subsidiaries of Spinco immediately following the Contribution.

  • Companies means Borrower and its Subsidiaries; and “Company” shall mean any one of them.

  • Acquired Company means any business, corporation or other entity acquired by the Company or any Subsidiary.

  • Founding Companies has the meaning set forth in the third recital of this Agreement.

  • CBI means Central Bureau of Investigation

  • PRC Subsidiaries means all Company Subsidiaries organized under the Laws of the PRC.

  • Parent Subsidiaries means the Subsidiaries of Parent.