Demerger Completion definition

Demerger Completion means the time and date when the Demerger Conditions Precedent have been fulfilled and the Demerger Completion Steps have taken place;
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Demerger Completion has the meaning given to it in the SCIA;
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Demerger Completion shall have the meaning set forth in the SCIA;
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Examples of Demerger Completion in a sentence

  • For the avoidance of doubt, GSK shall ensure (and shall procure that the members of the GSK Group ensure) that GSK shall be the sole holder of the B Shares until Completion, and the SLPs shall be the sole holders of the C Shares until completion of the SLP Share Exchange, and that GSK shall be the sole holder of the A Shares until the commencement of the Demerger Completion Steps.

  • For the avoidance of doubt, Pfizer and Anacor shall ensure (and shall procure that the members of the Pfizer Group ensure) that, unless completion of the PFCHHL Transfer occurs before Demerger Completion, Anacor shall be the “Member” for the purposes of the PFCHHL LLC Agreement until Completion, provided that, if completion of the PFCHHL Transfer occurs before Demerger Completion, Pfizer shall be the “Member” for the purposes of the PFCHHL LLC Agreement until Completion.

  • The Parties acknowledge that their intent is for such Transitional Arrangements to be executed at or prior to Completion (and Demerger Completion, as applicable) with the Parties using reasonable endeavours to procure that any third party approvals required for the provision of such Transitional Arrangements are obtained prior to the commencement of the relevant services.

  • Without prejudice to the foregoing, the board of directors of Codan Forsikring shall ensure, to the extent possible, that any such funding falls within an appropriate category of Tryg Perimeter assets and/or liabilities in the Demerger Plan and are properly booked in the accounts allowing for such funding to be tracked until transferred to Tryg Regulated Company upon Demerger Completion.

  • Following Demerger Completion, Tryg may provide funding to CodanSE and CodanNO without any restrictions under this Agreement.

  • The relevant board of directors shall as part of such decision ensure, to the extent possible, that any such funding falls within an appropriate category of Tryg Perimeter assets and/or liabilities respectively CodanDK Perimeter assets and/or liabilities in the Demerger Plan (as applicable) and are properly booked in the accounts allowing for such funding to be tracked until transferred to Tryg Regulated Company respectively NewCo upon Demerger Completion.

  • Any Guarantee Assumption Notice and Demerger Completion Notice so delivered shall be conclusive and binding on the Trustee and the Noteholders as to the occurrence of the Guarantee Assumption Date or the Demerger, respectively.

  • The shares that the Demerged Entity will acquire in the Beneficiary will provide the right to participate in the profits in relation to each dividend distribution that will take place from the Demerger Completion Day onwards.

  • References in this Agreement to the Buyer shall refer to Rezolve Limited in relation to the period before the Demerger Completion and to Rezolve Group Limited from the Demerger Completion.

  • The Parties hereby agree and acknowledge that, on the basis set out in the immediately preceding sentence, there is sufficient time for payment or completion of the PFCHHL Onward Dividends and the GSKCHHL Onward Dividends ahead of Demerger Completion and completion of the Share Exchanges.


More Definitions of Demerger Completion

Demerger Completion means completion of the Demerger;
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Demerger Completion has the meaning given to it in clause 11.1.1;
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Demerger Completion has the meaning set forth in the introductory paragraph to this Agreement.
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Related to Demerger Completion

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Virtual Completion means the premise is in the opinion of the Employer fit for occupation.

  • Study Completion means the database for the Study has been locked and all Essential Documents have been provided to the Sponsor, including a copy of the letter from the Reviewing HREC acknowledging receipt of the final report and/or closure letter from the Principal Investigator.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Testson Completion means the tests which are specified in the Contractor agreed by both Parties or instructed as a Variation, and which are carried out under Clause 9 [Tests on Completion] before the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Construction Completion means physical construction of a cleanup action component is complete.

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Coordinated Transaction Scheduling or “CTS” shall mean the market rules that allow transactions to be scheduled based on a bidder’s willingness to purchase energy from a source in either the NYISO or PJM Control Area and sell it at a sink in the other Control Area if the forecasted price at the sink minus the forecasted price at the corresponding source is greater than or equal to the dollar value specified in the bid.

  • COMPLETION TIME means the period by ‘date/month’ specified in the ‘Letter of Intent/Award’ or date mutually agreed upon for handing over of the intended scope of work, the erected equipment/plant which are found acceptable by the Engineer, being of required standard and conforming to the specifications of the Contract.

  • Time of Completion means the time for completing the execution of and passing the Tests on Completion of the Works of any section or part thereof as stated in the Contract (or as extended under Clause...) calculated from the Commencement Date

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Tests after Completion means the tests (if any) which are specified in the Contract and which are carried out in accordance with the Specification after the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Final Completion Date means the date on which Final Completion occurs.

  • Improvement completion assurance means a surety bond, letter of credit,

  • Practical Completion means the completion of the Project where the building is fit for occupancy and/or purpose.

  • Completion Deadline means the date by which the Arrangement is to be completed, which date shall be April 30, 2014 or such later date as may be agreed to in writing by the Parties;

  • Completion means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Date of Completion with respect to a Project shall mean: (i) the date upon which such Project and all components thereof have been acquired or constructed and are capable of performing the functions for which they were intended, as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; or (ii) the date on which the Issuer determines, upon the recommendation of or in consultation with the Consulting Engineer, that it cannot complete such Project in a sound and economical manner within a reasonable period of time as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; provided that in each case such certificate of the Consulting Engineer shall set forth the amount of all Costs of such Project which have theretofore been incurred, but which on the Date of Completion is or will be unpaid or unreimbursed.

  • Pre-commissioning means the testing, checking, and any other required activity that may be specified in the Technical Requirements that are to be carried out by the Supplier in preparation for Commissioning of the System as provided in GCC Clause 26 (Installation).

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Commissioning Period has the meaning set forth in Attachment T.