Examples of Remaining Businesses in a sentence
In light of the clear delineation of business as described in paragraph 4 of the section headed “Proposed Spin-off and Separate Listing” above, and the arrangements described above, the Directors do not foresee any potential competing business between the Remaining Businesses of the Remaining Regal Group and the Regal REIT Business immediately after the Proposed Spin-off.
For the avoidance of doubt, it is hereby clarified that in so far as the assets comprising the Remaining Businesses are concerned, subject to Clause 6.4, the Encumbrances over such assets relating to the Demerged Liabilities shall, as and from the Effective Date without any further act, instrument or deed be released and discharged from the obligations and Encumbrances relating to the same.
The Applicant Company shall not be obligated to create any stock option or RSU scheme for the ABNL Employees, the MGL Employees or the employees of the Remaining Businesses in connection with the Composite Scheme.
It is hereby clarified that the Applicant Company shall not be obligated to create any stock option or RSU scheme for the ABNL Employees, the MGL Employees or the employees of the Remaining Businesses in connection with this Scheme.
The Remaining Businesses and all the assets, liabilities and obligations pertaining thereto shall continue to belong to and be vested in and be managed by the respective Demerged Companies subject to the provisions of this Scheme in relation to Encumbrances in favour of banks, lenders and/or financial institutions.
In so far as the existing benefits or funds created by the respective Demerged Companies for the employees of the Remaining Businesses are concerned, the same shall continue and the respective Demerged Company shall continue to contribute to such benefits or funds in accordance with the provisions thereof, and such benefits or funds, if any, shall be held inter alia for the benefit of the employees of the Remaining Businesses and the Applicant Company shall have no liability in respect thereof.
As a result of the Distribution In Specie, the KSH Group will cease to be subsidiaries of the Company, and the Remaining Group will carry on the Remaining Businesses, being the provision of construction and engineering services and manufacture, processing and sales of doors and windows.
The bank shall ensure transfer of funds from the pooling account to the Government Head/current account of PSUs/ULBs within the next bank working day as per the directions generated from e-Procurement portal.
ANSWER: Olam Group’s business is organised across three operating groups ofi, Olam Agri and the Remaining Businesses of Olam Group (Remaining Olam Group).
The Company has compared the businesses of the Transferred Business with the Remaining Businesses, the latter would have a better future in terms of room for development and demand based on the analysis made under the section headed “Industry Overview”, while the competition for the businesses of the Transferred Business has become more intense and the profitability of such businesses is unlikely to improve significantly for the years coming.