Examples of Constituent Entities in a sentence
Each party hereto will execute such further documents and instruments and take such further actions as may reasonably be requested by the other party to consummate the Merger, to vest the Surviving Corporation with full title to all assets, properties, rights, approvals, immunities, and franchises of either of the Constituent Entities or to effect the other purposes of this Agreement.
As soon as practicable after the requisite stockholder approvals referenced in Section 3.5 hereof, each of the Constituent Entities shall execute and deliver articles of merger for filing and recording with the Secretary of State of the State of Nevada in accordance with the Nevada Statutes.
At the Closing, the Constituent Entities party to such Merger shall cause the applicable Certificate of Merger to be filed as provided in Section 1.2.
Under the GloBE rules, transactions between Constituent Entities in different jurisdictions are not eliminated as they would be in the MNE’s consolidated financial statements.
Thus, when an asset is sold between Constituent Entities, the buyer may recognise the asset for purposes of the GloBE rules based on the purchase price of the asset, rather than the carrying value of the asset that is in the consolidated financial accounts.