Indian Subsidiary. The Company shall have delivered evidence that it has terminated the operations of its Indian subsidiary without cost or liability to the Company, the Surviving Corporation or the Buyer in excess of $50,000.
Indian Subsidiary. (a) At or prior to the Effective Time, the Company shall cause BV Xxxxxxxxx to execute any share transfer documents as the “transferor” and deliver the same to the Parent, thereby evidencing the transfer of shares held in his name in the Indian Subsidiary to Parent or any Person so nominated by the Parent.
Indian Subsidiary. As of the date of this Agreement the Seller operates its business in India through a branch office of Forbo Adhesives Deutschland GmbH and has initiated a procedure to establish the aforementioned branch office as a separate legal entity in which 75% of the shares of such entity shall be owned by Forbo Finanz AG and 25% shall be owned by Forbo NL Holding B.V. In case such legal entity has been duly organized and validly exists under the laws of India at the Closing Date, the shares of such entity shall be transferred to the Purchaser or any Purchasing Subsidiary designated by the Purchaser and Schedule 2.1 shall automatically be amended accordingly.
Indian Subsidiary. Prior to Closing or, if performance under this Section is not possible prior to Closing despite the best efforts of PMAC and the Stockholders, as soon thereafter as is practicable, PMAC and the Stockholders shall cause the Articles of Association and other governing documents of PMAC's Indian Subsidiary shall be amended and restated in forms satisfactory to ANSYS in its sole discretion, such amendments to include, without limitation, terms requiring the affirmative vote or consent of all shares held by PMAC for the taking of any corporate action by the Indian Subsidiary, whether or not PMAC is represented at a meeting of the stockholders thereof, permitting PMAC to elect the majority of the Board of Directors of the Indian Subsidiary and requiring the consent of such PMAC directors for certain corporate actions of the Indian Subsidiary.
Indian Subsidiary. Prior to the Closing, the Company shall have delivered to Purchaser a share purchase agreement, by and among Airbase Labs India Private Limited, Aruna 50 Harshavardhana, and a designee of Purchaser for the acquisition of all shares of Airbase Labs India Private Limited held by Xxxxx Xxxxxxxxxxxxxx, in a form reasonably acceptable to Purchaser and the Company.
Indian Subsidiary. Transfer any Intellectual Property to Indian Subsidiary or allow Indian Subsidiary to maintain any Intellectual Property.
