SPIN-OFF FOR NEW FORMATION Sample Clauses

SPIN-OFF FOR NEW FORMATION. As a result of this spin-off for the purpose of new formation, TAG shall transfer its entire share- holding in A1TH by way of universal succession by way of a spin-off preserving the legal form of A1TH, pursuant to § 1 para. 2 no. 2 of the Spin-off Act (Spaltungsgesetz) and the provisions of this Spin-off and Transfer Agreement (Spaltungs- und Übernahmevertrag), including the spin- off plan, to EuroTeleSites AG, which is newly created as a result of this spin-off, in return for the granting of shares in EuroTeleSites AG to the shareholders of TAG and the continued existence of TAG . The spin-off for the new formation shall be carried out in accordance with Sections 2 et seq. of the Spin-off Act.
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Related to SPIN-OFF FOR NEW FORMATION

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