Demerged Business definition

Demerged Business means the business conducted by the Chorus business unit prior to the Demerger Date, and certain aspects of the business currently conducted by the Wholesale business unit prior to the Demerger Date (including: fixed line telecommunications infrastructure, fixed access and aggregation services in New Zealand) and certain aspects of the New Zealand government’s ultra-fast broadband initiative; and certain aspects of the business conducted by the Technology and Shared Services and Corporate business units prior to the Demerger Date.
Sample 1Sample 2
Demerged Business means the charter business carried out by Taneja Aerospace and Aviation Limited, and investments in First Airways Inc and TAAL Tech India Private Limited, along with all related assets, liabilities, employees including specifically the following:
Sample 1
Demerged Business means the division of Topco comprising the business intellectual property, research and development comprised in the product known as “StemPrintER”;
Sample 1

Examples of Demerged Business in a sentence

  • Upon the registration of the Demerger in the Polish Companies Register (i.e. upon the registration of the share capital increase of the Acquiring Polish Bank as a result of the Demerger), pursuant to Art 530 § 2 of the CCC, all of the assets and liabilities of RBPL connected with the Demerged Business will be transferred from RBPL to the Acquiring Polish Bank by way of universal succession.

  • Topco has announced its intention to effect the Demerger pursuant to which Newco will become the new holding company for the Demerged Business by virtue of its ownership of the Company and intends to seek admission of the Newco Shares to listing on the Official List and to trading on the Main Market of the London Stock Exchange.

  • Prior to the Demerger Date, Telecom will conduct, and cause its Subsidiaries to conduct, the Demerged Business in a manner consistent with previous practices and policies of Telecom but in such a manner which will accommodate the demerger of the Demerged Business from the Telecom Group.

  • At least 40 Business Days prior to the Demerger Date, Telecom will determine which of the members of the Telecom Group’s employees required to operate the Demerged Business will be offered employment by Chorus NZ (“Selected Employees”).

  • With effect from the Appointed Date and up to and including the Effective Date: 9.1 TAAL shall be deemed to have been carrying on and shall carry on its business and activities relating to the Demerged Business and shall be deemed to have held and stood possessed of and shall hold and stand possessed of all its properties and assets pertaining to the Demerged Business for and on account of and in trust for TEL.

  • John Locke: Liberty as exchangeChapter 6: Jean‐Jacques Rousseau: liberty as social contract Chapter 7.

  • Subject to other provisions of this Section 9, all of the rights and obligations as well as the receivables and liabilities of the Bank Being Divided related to the lease agreements entered into by the Bank Being Divided acting as the tenant and related to premises in which the BankBeing Divided conducted or conducts its business activity within the Demerged Business, shall be attributed to the Acquiring Bank.

  • However, if any of the Demerged Contracts expires, is withdrawn from, or is terminated before the Demerger Effective Date, no rights or obligations under such a Demerged Contract shall be included in the Demerged Business.

  • On the terms as provided in applicable laws, as a result of the Demerger the Acquiring Bank will assume the rights and obligations of the Bank Being Divided related to the claims, disputes and proceedings, including any civil law, enforcement and administrative proceedings, to which the Bank Being Divided is a party related to the Demerged Business.

  • Any statutory licenses, permissions, approvals or consents to carry on the operations of the Demerged Company, in relation to the Demerged Business, shall stand vested in or transferred to the Resulting Company without any further act or deed and shall be appropriately mutated by the Statutory Authorities concerned in favour of the Resulting Company upon the vesting and transfer of the Undertakings pursuant to this Scheme.


More Definitions of Demerged Business

Demerged Business means (i) the India vaccine distribution business of the Demerged Company consisting of distribution network and channels, covering customers and related logistics and sales employees including field force and (ii) including all pre-clinical testing records, clinical trials, whether copyright or not, registration and certifications, related to identified vaccines as specified in Schedule 1 and related rights, and the supplier agreements of such vaccines.
Sample 1
Demerged Business means the Real Estate and Ancillary Business of Guru Nanak Auto Enterprises Ltd, which is proposed to be De-merged into ASKK Estates Pvt Ltd and includes the business/undertaking comprising of:
Sample 1
Demerged Business means Investment Business of LSC Infratech Ltd (the Demerged Company), which is proposed to be De-merged into Lalkuan Stone Crushers India Pvt Ltd (the Resulting Company) and includes the business/undertaking comprising of:
Sample 1
Demerged Business means Transferor Company’s business of providing software services, support services and operation of web and mobile technology platforms.
Sample 1

Related to Demerged Business

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Retained Businesses means all businesses, operations and activities directly or indirectly conducted or formerly conducted by the Seller Group other than the Business (including all businesses, operations and activities related to any dealerships sold or disposed of prior to the date hereof).

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Acquired Business means the entity or assets acquired by the Borrower or a Subsidiary in an Acquisition, whether before or after the date hereof.

  • Related Business means any business in which the Company or any of the Restricted Subsidiaries was engaged on the Issue Date and any business related, ancillary or complementary to such business.

  • Subject Business means the policy or policies that are

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;

  • Licensed Business means the activities connected with the conveyance of

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • Micro Business means a company which either:

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Consolidated Businesses means, at any time, the Borrower and Subsidiaries of the Borrower that the Borrower consolidates in its consolidated financial statements prepared in accordance with GAAP, provided, however, that UJVs which are consolidated in accordance with GAAP are not Consolidated Businesses.

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Woman owned business means a woman owned business that is a continuing, independent, for profit business which performs a commercially useful function, and is at least fifty-one percent (51%) owned and controlled by one or more women; or, in the case of any publicly owned business, at least fifty-one percent (51%) of the stock of which is owned and controlled by one (1) or more women and whose management and daily business operations are under the control of one (1) or more women.

  • Veteran-owned business means a business that is at least 51% owned by a veteran or veterans who are U.S. citizens and who control and operate the business

  • Certified business means a business verified as a minority- or women-owned business enterprise pursuant to Section 314 of the Executive Law.

  • Disadvantaged Business means a small business concern: (a) which is at least 51 percent owned by one or more socially and economically disadvantaged individual(s) or in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more socially and economically disadvantaged individual(s); and (b) whose management and daily business operations are controlled by one or more of the socially and economically disadvantaged individual(s) who own it. It is important to note that the business owners themselves must control the operations of the business. Absentee ownership or title ownership by an individual who does not take an active role in controlling the business is not consistent with eligibility as a DBE under CFR 49 Part 26.71.