Division Transaction definition

Division Transaction. (a) The division of a limited liability company into two or more limited liability companies pursuant to a “plan of division” or similar method or (b) the creation, or reorganization into, or allocation of its assets to, one or more series, in each case within the meaning of the Delaware Limited Liability Company Act or similar statute in any other state.
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Division Transaction means, with respect to any Person that is a limited liability company organized under the laws of the State of Delaware, that any such Person (a) divides into two or more Persons or (b) creates or otherwise reorganizes into one or more series, in each case, as contemplated under the laws of the State of Delaware, including without limitation, Section 18-217 of the Delaware LLC Act.
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Division Transaction means, with respect to any Person that is a limited liability company organized under the laws of the State of Delaware, that any such Person (a) divides into two or more Persons (whether or not the original Person or Subsidiary thereof survives such division) or (b) creates, or reorganizes into, one or more series, in each case, as contemplated under the laws of the State of Delaware, including Section 18-217 of the Delaware Limited Liability Company Act.
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Examples of Division Transaction in a sentence

  • CANARA BANK, a body Corporate and a premier Public Sector Bank established in the Year 1906 and nationalized under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, having its Head office at 112, J C Road Bangalore-560002 and among others is having office at Canara Bank, EDP Section, TB Wing, Card Division, Transaction Banking Wing, 5 th Floor, No.14 Naveen Complex, M.G.Road, Bangalore -560001.

  • The personalized Rupay cards will be issued by Cancard Division, Transaction banking Wing: HO and the required details & photographs will have to be sent to them.

  • Given our study’s focus on research relevance, the ATN was selected because of its tradition of producing applied research with a strong focus on engagement with and delivery to the needs of business, industry, community and government.

  • PERFORMANCE BANK GUARANTEE: 4.22.1. The successful bidder/s has to submit Performance Bank Guarantee (PBG) to Canara Bank, Card Division, Transaction Banking Wing, HO in the following manner: I.

  • CANARA BANK, a body Corporate and a premier Public Sector Bank established in the Year 1906 and nationalized under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, having its Head office at 112, J C Road Bangalore-560002 and among others is having office at Canara Bank, Card Division, Transaction Banking Wing, 5 th Floor, No.14 Naveen Complex, M.G.Road, Bangalore -560001.

  • The Borrower shall not (x) merge or consolidate or amalgamate, or liquidate, wind up or dissolve itself (or suffer any liquidation, winding up or dissolution), (y) enter into (or agree to enter into or permit any of its Subsidiaries to enter into) any Division Transaction or (z) sell all or substantially all of its assets.

  • Elections Division: Transaction Search." https://secure.sos.state.or.us/orestar/cneSearch.do?cneSearchButtonName=search&cneSearchFile rCommitteeId=16404.

  • Banking Division Transaction Monitoring and Filtering Program Requirements (“NYDFS Regulation”) § 504.5 (effective Jan.

  • Press Release, New York Department of Financial Services, Governor Cuomo Announces Anti-Terrorism Legislation Requiring Senior Financial Executives to Certify Effectiveness of Anti-Money Laundering Systems (December 1, 2015), http:// www.dfs.ny.gov/about/press/pr1512011.htm; see also Banking Division Transaction Monitoring and Filtering Program Requirements and Certifications (“Proposed NYDFS Regulation”) § 504 (proposed Dec.

  • The scarce resources mobilized so far are not sufficient to cover the priority activities identified in the RAP and the subregional action programmes (SRAPs).


More Definitions of Division Transaction

Division Transaction means (a) the division of a limited liability company into two or more limited liability companies pursuant to a “plan of division” or similar method or (b) the creation, or reorganization into, or allocation of its assets to, one or more series, in each case, within the meaning of the Delaware Limited Liability Company Act or similar statute in any other state.
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Division Transaction means, with respect to any Restricted Party that is a limited liability company, the adoption of a “plan of division,” the filing of a certificate of division” or the taking of any other action such that such Restricted Party (a) divides into two or more Persons (regardless of whether such Restricted Party survives such division) or (b) creates or reorganizes into one or more “series LLCs.”
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Division Transaction means, with respect to any Person that is a limited liability company organized under the laws of the State of Delaware, that any such Person (a) divides into two or more Persons or (b) creates or otherwise reorganizes into one or more series, in each case, as contemplated under the laws of the State of Delaware, including without limitation, Section 18-217 of the Delaware LLC Act. “Dollar” or “$” means lawful currency of the United States of America. “Dollar Capital” means Capital initially funded by the Purchasers in Dollars. “Dollar Purchase” means any Purchase denominated in the Dollars. “Dollar Equivalent” means, on any date on which a determination thereof is to be made, with respect to (a) any amount denominated in Dollars, such amount and (b) any amount denominated in EUROS, the Dollar equivalent of such amount of EUROS determined by reference to the Spot Rate determined as of such determination date.
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Division Transaction any Group Member’s division into two or more separate entities as contemplated under Section 18-217 of the Delaware Limited Liability Act for limited liability companies formed under Delaware law or under any similar provision in any other applicable jurisdiction.
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Related to Division Transaction

  • Separation Transactions has the meaning set forth in the Separation and Distribution Agreement.

  • Proposed Acquisition Transaction means, with respect to a SpinCo, a transaction or series of transactions (or any agreement, understanding or arrangement, within the meaning of Section 355(e) of the Code and Treasury Regulations Section 1.355-7, or any other Treasury Regulations promulgated thereunder, to enter into a transaction or series of transactions), whether such transaction is supported by the management or shareholders of such SpinCo, is a hostile acquisition, or otherwise, as a result of which such SpinCo would merge or consolidate with any other Person or as a result of which any Person or Persons would (directly or indirectly) acquire, or have the right to acquire, from such SpinCo and/or one or more holders of outstanding shares of Capital Stock of such SpinCo, a number of shares of Capital Stock of such SpinCo that would, when combined with any other changes in ownership of Capital Stock of such SpinCo pertinent for purposes of Section 355(e) of the Code, comprise 45% or more of (a) the value of all outstanding shares of stock of such SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series, or (b) the total combined voting power of all outstanding shares of voting stock of such SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include (i) the adoption by such SpinCo of a shareholder rights plan or (ii) issuances by such SpinCo that satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulations Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization resulting in a shift of voting power or any redemption of shares of stock shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application thereof is intended to monitor compliance with Section 355(e) of the Code and shall be interpreted accordingly. Any clarification of, or change in, the statute or Treasury Regulations promulgated under Section 355(e) of the Code shall be incorporated into this definition and its interpretation.

  • Limited Condition Transaction means any Acquisition Transaction or any other acquisition or Investment permitted by this Agreement, in each case whose consummation is not conditioned on the availability of, or on obtaining, third party financing.

  • Securitization Transaction Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

  • Transaction means the transactions contemplated by this Agreement.