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;

Demerger Completion means completion of the Demerger;

Demerger Completion has the meaning given to it in clause 11.1.1;

Examples of Demerger Completion in a sentence

• With effect from the Demerger Completion this agreement is to take effect between the Sellers, Stephan Schwenk and Rezolve Group Limited as though Rezolve Group Limited is the Buyer for the purpose of this document and on the basis that the Consideration Shares are ordinary shares in Rezolve Group Limited with equivalent share rights to those applying to the other ordinary shares in Rezolve Group Limited.

• 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.

• 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.

• GlaxoSmithKline plc shall, in accordance with Condition 15, deliver to the Trustee, each Paying Agent and the Noteholders a Guarantee Assumption Notice or Demerger Completion Notice, as applicable, promptly following the occurrence of the Guarantee Assumption Date or the Demerger, respectively.

• Pursuant to the terms of the Trust Deed, GlaxoSmithKline plc shall deliver a Guarantee Assumption Notice or a Demerger Completion Notice, as applicable to the Trustee and the Noteholders in accordance with Condition 15 (Notices) promptly following the occurrence of the Guarantee Assumption Date or the Demerger, respectively.

• 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 a Guarantee Assumption Date or Demerger respectively.

More Definitions of Demerger Completion

Demerger Completion has the meaning given to it in the SCIA;

Demerger Completion shall have the meaning set forth in the SCIA;

Demerger Completion has the meaning set forth in the introductory paragraph to this Agreement.