Existing Group definition
Examples of Existing Group in a sentence
Except as otherwise provided herein, this Joinder shall bind and inure to the benefit of and be enforceable by (a) the Group Administrator and its permitted successors and assigns, (b) the Existing Group Shareholders and any permitted successors and assigns of the Existing Group Shareholders and (c) the New Group Shareholder and any permitted successors and assigns of the New Group Shareholder.
The Parties shall cooperate to avoid causing the Distribution to be a “triggering event” requiring recapture of any dual consolidated loss (within the meaning of Section 1503(d) of the Code and the Regulations thereunder) (“DCL”) for which the Remainco Existing Group has made a “domestic use election” under Reg.
Remainco shall be liable for and shall pay (or cause to be paid) to the relevant Taxing Authority any Taxes of or relating to any member of the Remainco Existing Group for any Pre-Distribution Period (including any portion of a Straddle Period that is treated as a Pre-Distribution Period under Section 2.02(a)(iii)).
Any Person other than a member of the Existing Group (a “New Shareholder”) shall acquire (whether through legal or beneficial ownership of capital stock, by contract or otherwise), directly or indirectly, effective control over more than thirty three per cent.
As of the Effective Date, Existing Group "C" shall no longer exist as a separate group.
As of the Effective Date, Existing Group "A" Existing Group "B" and Existing Group "C" shall be replaced by New Group "A" and New Group "B," each as set forth on EXHIBIT "B" attached hereto.
Existing Group Life and Long-Term Disability Insurance Benefits shall remain in place for the duration of the Agreement.
MII shall be liable for and shall pay (or cause to be paid) to the relevant Taxing Authority any Taxes of or relating to any member of the MII Existing Group for any Pre-Distribution Period (other than any portion of a Straddle Period).
In situations that meet the following criteria, the employer will cover the cost of obtaining immunizations for contagious diseases: The Health Unit recommends such measures; Existing Group Insurance does not cover the cost.
Hestia and Permit desire to amend and restate the Existing Group Agreement in its entirety as set forth in this Agreement.