successor in business definition

successor in business means any company which, as a result of any amalgamation, merger or reconstruction: (a) owns beneficially the whole or substantially the whole of the undertaking, property and assets owned by the Issuer immediately prior thereto; and (b) carries on, as successor to the Issuer, the whole or substantially the whole of the business carried on by the Issuer immediately prior thereto.
successor in business means, in relation to the Issuer, any entity which (i) acquires all or substantially all of the undertaking and/or assets of the Issuer or (ii) acquires the beneficial ownership of the whole of the issued voting stock and/or share capital of the Issuer or (iii) into which the Issuer is amalgamated, merged or reconstructed and where the Issuer is not the continuing company.
successor in business means any entity which acquires in any manner all or substantially all the undertaking, property and/or assets of the Issuer or carries on as a successor to the Issuer, the whole or substantially the whole of the business carried on by the Issuer prior thereto.

Examples of successor in business in a sentence

  • The Issuer sells transfers, disposes of, or leases all or substantially all of its assets, other than where the Successor in Business is substituted in place of the Issuer in accordance with Conditions 6(m) and 14(c) and the Trust Deed.


More Definitions of successor in business

successor in business means, with respect to the Issuer, any body corporate which, as the result of any amalgamation, merger, reconstruction, acquisition or transfer:
successor in business means (a) an entity which acquires all or substantially all of the undertaking and/or assets of either Issuer or of a successor in business of either Issuer; or (b) any entity into which any of the previously referred to entity is amalgamated, merged or reconstructed and is itself not the continuing company;
successor in business means, in relation to any Issuer or any Guarantor, any company which, as the result of any amalgamation, merger, reconstruction or transfer, either:
successor in business means (a) an entity which acquires all or substantially all of the undertaking and/or assets of the relevant Issuer or the Guarantor or of a Successor in Business of such Issuer or the Guarantor; or (b) any entity into which any of the previously referred to entity is amalgamated, merged or reconstructed and is itself not the continuing company.
successor in business means, in relation to the Guarantor any company which effectively assumes all of the obligations of the Guarantor under, or in respect of, the Trust Deed and the Notes and which:
successor in business means, in relation to Danske Bank Oyj, any company which effectively assumes all of the obligations of Danske Bank Oyj under, or in respect of, the Notes and which:
successor in business means, in relation to a company, any other company which: