Examples of Remaining Business in a sentence
The Remaining Business and all the assets, liabilities and obligations pertaining thereto shall continue to belong to and be vested in and be managed by the Transferor Company subject to the provisions of the Scheme.
With effect from the Effective Date, only the Demerged Company shall be liable to perform and discharge all liabilities and obligations in relation to the Remaining Business of the Demerged Company and the Resulting Company shall not have any liability or obligation in relation to the Remaining Business of the Demerged Company.
The Remaining Business and all its assets, liabilities and obligations pertaining thereto shall continue to belong to and be vested in and be managed by the Applicant/Transferor Company.
In November 2016, First Gas released a consultation paper entitled “Gas Transmission Access: Single Code Options Paper” (SCOP2).
If proceedings are taken against the Resulting Company in respect of matters referred to in Clause 11.2 above relating to the Remaining Business, it shall defend the same in accordance with the advice of the relevant Demerged Company and at the cost of the Demerged Company, and the latter shall reimburse and indemnify the Resulting Company, against all liabilities and obligations incurred by the Resulting Company in respect thereof.