Demerged Undertakings definition

Demerged Undertakings means the Madura Undertaking, and the MGL Retail Undertaking, collectively; “Demergers” shall have the meaning set forth in Clause 1.6;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Demerged Undertakings means ‘TAN Undertaking’ and ‘Fertiliser Undertaking’ (transferred to SCM Fertichem by DFPCL upon Slump Exchange in terms of Part III of this Scheme) taken together, which shall be transferred and vested with Smartchem upon demerger by SCM Fertichem in terms of Part IV of this Scheme;

Demerged Undertakings means the Demerged Undertaking 1, Demerged Undertaking 2, and Demerged Undertaking 3, collectively.

Examples of Demerged Undertakings in a sentence

All the assets, properties and liabilities of the Demerged Undertakings shall be transferred to the Resulting Companies at the values appearing in the books of the Demerged Company (at historical cost less depreciation) on the close of business on August 31, 2005.
Provided however that no Encumbrances shall have been created by the Demerged Company in relation to any of the Demerged Undertakings after the Appointed Date without prior written consent of the relevant Resulting Company.
Similarly, any of the obligations, duties and commitments attached, related or pertaining to the Demerged Undertakings that have been undertaken or discharged by the Demerged Company shall be deemed to have been undertaken for and on behalf of and as an agent for the respective Resulting Companies.
In consideration of the transfer and vesting of the Demerged Undertakings in each of the Resulting Companies in accordance with the provisions of Part II of this Scheme and as an integral part of this Scheme, the share capital of the Resulting Companies shall be increased in the manner set out in Clauses 12 to 15 below.
Each of the Resulting Companies shall be entitled, pending the sanction of the Scheme, to apply to the Central Government or any State Government and all other agencies, departments and authorities concerned as may be necessary under any law for such consents, approvals and sanctions which the Resulting Companies may require to own the Demerged Undertakings and carry on power (coal based and gas based), financial services (including insurance) and telecommunications.

More Definitions of Demerged Undertakings

Demerged Undertakings means the Demerged Undertaking 1 and the Demerged Undertaking 2, collectively.

Demerged Undertakings means the business undertakings of the Demerged Companies representing their Education Businesses, which would be transferred on a going concern basis to the Resulting Company on and from the Appointed Date. Without prejudice to the generality of the above, the Demerged Undertakings shall mean and include:

Demerged Undertakings means SME E-Commerce Services Undertaking, E-Commerce Business Undertaking and Themepark & Event Software Undertaking;

Demerged Undertakings means collectively, the Coal Based Energy Undertaking, the Gas Based Energy Undertaking, the Financial Services Undertaking, and the Telecommunication Undertaking and the term “Demerged Undertaking” means any of the Demerged Undertakings, as the context may require.

Demerged Undertakings means the undertaking of the Demerged Company carrying out the business of manufacture, production, sale and distribution of Photographic products, and shall mean and include, without limitation:

Demerged Undertakings means collectively, the Securities Business Undertaking and the Wealth Business Undertaking;

Demerged Undertakings means collectively, the Generation Undertaking, the Retail Undertakings, and the IT Undertaking;