Restructuring Plans Sample Clauses
The Restructuring Plans clause outlines the procedures and conditions under which a company may reorganize its business, assets, or financial obligations. Typically, this clause details the steps required to propose, approve, and implement a restructuring plan, such as obtaining creditor or shareholder consent and complying with relevant legal requirements. Its core function is to provide a clear framework for managing significant changes to the company's structure, thereby ensuring transparency and protecting the interests of stakeholders during periods of financial difficulty or strategic realignment.
Restructuring Plans. Adopt or effect a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization, reclassification or other reorganization of National or any of its material Subsidiaries;
Restructuring Plans. Until the Closing, ABB shall, and shall cause its Affiliates to, diligently implement (but does not guarantee the completion of) the Restructuring Plans.