Examples of Demerger Deed in a sentence
Cerro will issue Spinco Shares to Primero in accordance with the Demerger Deed.
Capital Reduction an equal reduction of the share capital of Cerro constituted by the distribution in-specie of all the issued shares in Spinco to Scheme Shareholders, as set out in the Demerger Deed.
C The shareholders of Arconic signed a Demerger Deed dated 9 September 2019, according to which under the legal title of secession Mill Products, as the legal successor, acquired from Arconic, as legal predecessor, the 54/100 property ratio of the Plot Property, and the exclusive ownership of the properties registered under topographical lot numbers listed in Annex 3 (the "Mill Products Buildings").
Capital Reduction an equal reduction of the share capital of Cerro constituted by the distribution in- specie of all the issued shares in Spinco to Scheme Shareholders, as set out in the Demerger Deed.
Demerger Deed the deed to be entered into between Cerro, Spinco and Primero, which sets out how the Spinout, Capital Reduction and Subscription will occur, set out in Schedule 6.
By virtue of the Demerger Deed, four beneficiary companies are to be incorporated (the “ Beneficiary Companies”) under the name of Telco TE S.p.A., Telco AG S.r.l., Telco IS S.r.l. and Telco MB S.r.l., each wholly-owned by each of the shareholders of Telco.
The Demerger Deed is entered into in execution of the resolution by the extraordinary shareholders’ meeting of Telco dated July 9, 2014, on the basis of the demerger plan approved by the board of directors of Telco on June 26, 2014 and filed with the Companies’ Register of Milan on July 2, 2014.
The Demerger is enforceable against third parties commencing from the last of the required registrations of the Demerger Deed with the offices of the competent Companies’ Registers, pursuant to the Italian Civil Code.
Engine Supply Agreement In relation to the design and supply of off-road engines from the Company to CNH Industrial Group post-Demerger, in connection with the execution of the Demerger Deed, the Company and CNH Industrial Group post-Demerger entered into a ten-year Engine Supply Agreement (ESA) whereby the Company will sell to CNH Industrial Group post-Demerger diesel, CNG and LNG engines and provide post-sale services.
To the extent such litigation concerns those businesses, Readymix, under the sale agreements, and RGL, under the Demerger Deed, have agreed to indemnify those defendants in respect of any costs or liabilities arising in connection with that litigation (to the extent that those costs and liabilities are not covered by CSR’s insurance – for further details on the indemnities see parts 5.6(c) and 9.6(f)).