Internal Restructure definition

Internal Restructure means any re-formation, Conversion, transfer of assets, transfer of membership interests or other securities, merger, incorporation, liquidation or other transaction of, or relating to, or affecting the Company, completed in compliance with Section 9.8.
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Internal Restructure means any re-formation, conversion, transfer of assets, transfer by Members of their Units, merger, incorporation, liquidation or other transaction undertaken in a manner that results in the Members or their Affiliates continuing to have substantially the same direct or indirect ownership of the Company’s assets in place prior to the Internal Restructure, and preserves (a) the relative economic interests of the Members or their Affiliates in the Company or any entity (including an entity organized under the laws of a foreign jurisdiction) that succeeds to the Company in such transaction and (b) the limited liability of the Members to the substantially same extent afforded by the Act.
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Internal Restructure shall have the meaning set forth in the recitals to this Agreement.
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Examples of Internal Restructure in a sentence

  • The Members acknowledge that, subject to Section 8.3 and the impact of an Internal Restructure, the Company shall be treated as a partnership for Federal income tax purposes and will not otherwise characterize the Company for purposes of any Federal tax returns, statements or reports filed by them or their Affiliates.

  • Each Member agrees that it will consent to and raise no objections to such an Internal Restructure, in accordance with this Section 11.17, that has been approved by the Managing Member.

  • The Association and members of the bargaining unit, as individuals or as a group, will not initiate, cause, or participate or join in any strike, work stoppage, slow down, picketing, or any other restrictions of work during the term of this Agreement.

  • Furthermore, in connection with an Initial Public Offering, it may be advisable to restructure the Company into a corporation pursuant to the Internal Restructure provisions in Section 11.16.

  • Each Member agrees that it will consent to and raise no objections to such an Internal Restructure, in accordance with this Section 8.3, that has been approved by the Board.


More Definitions of Internal Restructure

Internal Restructure means, with respect to the Company, any re-formation, conversion, transfer of assets, Transfer by Members of their Units, merger, incorporation, liquidation or other transaction undertaken in a manner that results in the Members or their Affiliates continuing to have substantially the same direct or indirect ownership of the Company’s assets in place prior to the Internal Restructure, and preserves the relative economic interests or rights of the Members or their Affiliates in the Company (including rights to liquidating and other distributions) or any entity (including an entity organized under the Laws of a foreign jurisdiction) that succeeds to the Company in such transaction.
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Internal Restructure means, with respect to the Company Group, any re-formation, conversion, transfer of assets, Transfer by Members of their Units, merger, incorporation, liquidation, recapitalization, reorganization, contribution and exchange of Units into other equity interests or other transaction in connection with tax, the Investment Company Act of 1940 or other regulatory or other reasons, in each case undertaken (a) in connection with a Public Offering in accordance with this Agreement or (b) as Evolve reasonably determines appropriate to comply with changes in Law, in each case, in a manner that does not materially and disproportionately adversely affect any Member or class of Units as compared to the effect on any other Member or class of Units.
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Internal Restructure means any re-formation, conversion, transfer of assets, transfer
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Internal Restructure means any re-formation, Conversion, transfer of assets, transfer of membership interests or other securities, merger, incorporation, liquidation or other transaction of, or relating to, or affecting the Company, completed in compliance with S ection 9.8.
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Related to Internal Restructure

  • Internal Restructuring shall have the meaning set forth in Section 7.02(f) of this Agreement.

  • External Resource means a generation resource located outside the metered boundaries of the PJM Region.

  • Internal Reorganization has the meaning set forth in the Separation Agreement.

  • external borders means external borders as defined in point 2 of Article 2 of Regulation (EU) 2016/399;

  • Internal lot restriction means a platted note, platted demarcation, or platted designation that:

  • External Debt means obligations (other than the Notes) of, or guaranteed by, the Republic for borrowed money or evidenced by bonds, notes or other similar instruments denominated or payable, or those which at the option of the holder thereof are so denominated or payable, in a currency other than the local currency of the Republic.

  • Internal floating roof means a cover or roof in a fixed-roof tank that rests upon or is floated upon, the liquid being contained, and is equipped with a closure seal or seals to close the space between the roof edge and the tank shell.

  • Financial Restatement means a restatement of previously issued financial statements of the Company due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, including any required restatement to correct an error in previously-issued financial statements that is material to the previously-issued financial statements or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period.

  • Internal Distribution has the meaning set forth in the recitals.

  • Internal Control Event means a material weakness in, or fraud that involves management or other employees who have a significant role in, the Borrower’s internal controls over financial reporting, in each case as described in the Securities Laws.

  • External floating roof means a storage vessel cover in an open tank top consisting of a double deck or pontoon single deck which rests upon and is supported by the petroleum liquid being contained and is equipped with a closure seal or seals to close the space between the roof edge and tank shell.

  • Internal Purposes means distribution of packages to Licensee’s own systems and employees.

  • Internal Revenue Code means the Internal Revenue Code of 1986, as amended.

  • Historic Structure means any structure that is:

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Internal dose means that portion of the dose equivalent received from radioactive material taken into the body.

  • External Review means an independent review of an Adverse Benefit Determination conducted by an Independent Review Organization.

  • Internal Use means use of the Sprinklr Services for Customer’s and/or Customer Affiliates’ general business use, solely for the benefit of Customer and/or Customer Affiliates, but does not include use of the Sprinklr Services to provide any services for the benefit of third parties.

  • Internal control means a set of systems to ensure that financial and other records are reliable and complete and which ensure adherence to the entity's management policies, the orderly and efficient conduct of the entity, and the proper recording and safeguarding of assets and resources;

  • internal waters means any navigable river or waterway within the State of California.

  • Reorganization Plan means a plan of reorganization in any of the Cases.

  • U.S. Internal Revenue Code means the United States Internal Revenue Code of 1986, as amended.

  • External dose means that portion of the dose equivalent received from any source of radiation outside the body.

  • Public External Indebtedness means any External Indebtedness which is in the form of, or represented by, notes, bonds or other securities which are for the time being quoted, listed or ordinarily dealt in on any stock exchange.

  • Internal Revenue Service or “IRS” means the U.S. Internal Revenue Service or any successor thereto.

  • Conservation Plan means a document that outlines how a project site will be managed using best management practices to avoid potential negative environmental impacts.