French Commercial Code definition
Examples of French Commercial Code in a sentence
At the Reincorporation Merger Effective Time, subject to and upon the terms and conditions of this Agreement and the Reincorporation Plan of Merger and in accordance with the applicable provisions of the Cayman Companies Act and the French Commercial Code, Parent will be merged with and into Parent Merger Sub, the separate corporate existence of Parent will cease and Parent Merger Sub will continue as Parent Surviving Corporation.
In accordance with applicable Laws and the provisions of the Draft Merger Agreement, and as a result of the operation of the applicable provisions of the French Commercial Code, the Surviving Corporation will succeed to all the rights and obligations of the Company (transmission universelle de patrimoine) as of the Merger Effective Time (the “Universal Transfer”).
Subject to this Section 8.5, the Terms and Conditions may be amended by approval of the Company and the vote or action by written consent the Bondholder Majority, or as otherwise required in accordance with the French Commercial Code.
The Surviving Corporation Shares to be issued will be registered shares (actions nominatives) and any transfer of ownership will be duly recorded in the shareholders’ register (registre des mouvements de titres) and the shareholders’ accounts (comptes d’actionnaires) of the Surviving Corporation in accordance with the provisions of the French Commercial Code.
At the Reincorporation Merger Effective Time, the effect of the Reincorporation Merger will be as provided in this Agreement, the Reincorporation Plan of Merger, the applicable provisions of the Cayman Companies Act, and the French Commercial Code.