Division Effective Time definition

Division Effective Time means 12:00 a.m. (Central Standard Time) on the date that the Division is to be effective as set forth in the Certificate of Division.
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Division Effective Time means 12:00 A.M. (Central Standard Time) on []. “Governmental Authority” means any United States federal, state, local or non-U.S.governmental, legislative, judicial, administrative or regulatory authority, agency, commission, board, body, court, self-regulatory body or entity or any instrumentality thereof.
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Division Effective Time means the time of the filing of a Statement of Division with the Department of Statement of the Commonwealth of Pennsylvania pursuant to Section 366 of the Pennsylvania Entity Transactions Law and in accordance with the Plan of Division.
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Examples of Division Effective Time in a sentence

  • At the Division Effective Time, the articles of incorporation and bylaws of the Dividing Company in effect at the Division Effective Time, each as amended, restated or modified through the Division Effective Time, shall remain in full force and effect and shall not be amended, restated or modified as a result of the Division.

  • At the Division Effective Time, the articles of incorporation of the New Company shall be substantially in the form attached as Annex D to this Plan of Division and the bylaws of the New Company shall be substantially in the form attached as Annex E to this Plan of Division.

  • At and after the Division Effective Time, the New Company shall hold all capital, surplus and other Assets allocated to the New Company pursuant to this Plan of Division as a successor to the Dividing Company, automatically, by operation of law and not by transfer, whether directly or indirectly.

  • Without derogating from the allocation of Liabilities set forth in this Plan of Division, at and after the Division Effective Time, the Surviving Company and the New Company shall each thenceforth be responsible as separate and distinct companies only for the Liabilities that each company may undertake or incur in its own name.

  • Moreover, without derogating from the allocation of Assets set forth in this Plan of Division, at and after the Division Effective Time, the Surviving Company and the New Company shall each thenceforth be entitled as separate and distinct companies only to the Assets that each company may own or otherwise possess in its own name.

  • At and after the Division Effective Time, the Specified Policies shall be considered Policies of the New Company, for purposes of the MPCGA Act in effect at the Division Effective Time, as a successor of the Dividing Company automatically, by operation of law.

  • The Division shall become effective at the Division Effective Time, as provided for in the Certificate of Division.

  • By operation of law, at the Division Effective Time and henceforth forever, (x) the Surviving Company shall have no responsibility or obligation whatsoever, whether under law, contract or otherwise, for any Liabilities allocated to the New Company under this Plan of Division and (y) the New Company shall have no responsibility or obligation whatsoever, whether under law, contract or otherwise, for any Liabilities allocated to the Surviving Company under this Plan of Division.

  • The New Company shall have no issued and outstanding preference shares as of the Division Effective Time.

  • The Surviving Company shall have no issued and outstanding preference shares as of the Division Effective Time.


More Definitions of Division Effective Time

Division Effective Time means 12:00 A.M. (Central Standard Time) on [•]. “ESIC” has the meaning set forth in the preamble.
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Division Effective Time shall have the meaning set forth in the Separation Agreement.
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Related to Division Effective Time

  • Distribution Effective Time has the meaning set forth in the Separation Agreement.

  • First Effective Time has the meaning specified in Section 2.02.

  • Merger Effective Time means “Effective Time,” as that term is defined in the Merger Agreement.

  • Effective Time has the meaning set forth in Section 2.2.

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Second Effective Time has the meaning specified in Section 2.02.

  • Early Opt-in Effective Date means, with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required Lenders.

  • Merger Sub II has the meaning set forth in the Preamble.

  • Blocker means an employee engaged in one or more of the following operations in a Millinery Sector establishment:

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

  • Merger Sub I has the meaning set forth in the Preamble.

  • Resignation Effective Date has the meaning specified in Section 9.06(a).

  • Merger Effective Date means the date on which the Merger is consummated.

  • Merger Sub 1 has the meaning set forth in the Preamble.

  • Delaware LLC Division means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act.

  • Acquisition Subsidiary shall have the meaning ascribed to it in the preamble hereto.

  • Merger Sub 2 has the meaning set forth in the Preamble.

  • SEC Effective Date means the date the Registration Statement is declared effective by the Commission.

  • Merger Sub Board means the board of directors of Merger Sub.

  • Plan Effective Date means the “Effective Date” as defined in the Plan of Reorganization.

  • Merger Sub has the meaning set forth in the Preamble.

  • Parent means a "parent corporation," whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • MergerCo shall have the meaning set forth in the introductory paragraph to this Agreement.

  • Merger Subsidiary has the meaning set forth in the preamble to this Agreement.

  • Merger Date means the closing date of a Merger Event or, where a closing date cannot be determined under the local law applicable to such Merger Event, such other date as determined by the Calculation Agent.

  • MergerSub has the meaning set forth in the preamble hereto.