Examples of Amalgamation Date in a sentence
No action or proceeding by or against a Party shall xxxxx or be affected by the amalgamation and the Amalgamated Corporation shall be deemed to be a party plaintiff or a party defendant, as the case may be, in any civil action commenced by or against a Party before the Amalgamation Date.
All funds held by the respective Parties immediately before the Amalgamation Date which are determined to be externally restricted, will continue to have the same restrictions upon amalgamation and will only be used for their restricted purposes.
From and after the Amalgamation Date, the Parties shall be amalgamated and shall continue as one corporation without share capital, and the Amalgamated Corporation shall possess all of the property, rights, privileges, assets and franchises and shall be subject to all of the liabilities, contracts, disabilities and debts of each of the Parties.
Upon and subject to the terms and conditions hereof and pursuant to sections 204, 205 and 206 of the CNCA and any required regulatory approvals, each of the Parties agrees to amalgamate with each other and to continue as one corporation without share capital, effective as of the Amalgamation Date.
The Acquiror and the Target agree to amalgamate pursuant to the provisions of Section 175 of the Act and to continue as one corporation effective on the Amalgamation Date on the terms and subject to the conditions set out herein.