Group Restructuring definition

Group Restructuring means the reorganization of the Group, including the transfer within the Group of Equity Interests of Domestic Subsidiaries and Foreign Subsidiaries.
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Group Restructuring. Shall have the meaning ascribed to it in the CB Agreement.
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Group Restructuring means the transfer of the equity interests held by certain shareholders of Nanjing ForU to Xx. Xxxx Xxxxxx.
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Examples of Group Restructuring in a sentence

  • Upon the approval by the State-owned Assets Supervision and Administration Commission of the State Council of the PRC (the “SASAC”) of Guozi Reform [2008] 528 Approval for CMGC’s Group Restructuring and Dual Listing in Domestic and Overseas Markets, issued on 10 June, 2008.

  • The Group Restructuring, which reorganises the Distributed Businesses under the Privateco Group, is necessary to give effect to the Distribution In Specie.

  • Pursuant to the Group Restructuring completed on 10th February, 2010, the Listco group was split into a listed group and an unlisted group (namely the Privateco Group).

  • Upon completion of the Group Restructuring, the Group would be entitled to 129,409,897 GDI Shares and Hanny Holdings Limited (“Hanny”, a substantial shareholder of China Strategic) would make a voluntary offer (“GDI Offer”) to the shareholders of GDI to acquire all the GDI Shares on the basis of either (a) 1 share in Hanny (“Hanny Share”) plus HK$1.8 in cash for every 5 GDI Shares, or (b) a 2% 5-year convertible bond issued by Hanny with face value of HK$15 each (“Hanny Bonds”) for every 5 GDI Shares.

  • In the context of the Group Restructuring in June 30, 2017, the ordinary shares of Pharmathen SA along with the outstanding amount of the deferred consideration increased by accrued interest were transferred to Pharmathen Global BV at a fair value that corresponded to the carrying values of the respective transferred assets and liabilities in the consolidated statements of the ultimate parent entity (Pharmathen Holding 4 Ltd.) in exchange for new ordinary shares in the share capital of the latter.

  • In order to facilitate the Distribution In Specie, the Board proposes that the Group Restructuring be effected.

  • Difficulties in Establishing Set-off in the SemCanada Group Restructuring While some producers involved in contracts with one or more of the SemCanada Group’s entities attempted to seek a priority ruling, others turned to the doctrine of set-off.

  • Completion of the Distribution In Specie is, among others, subject to the completion of the Group Restructuring and the fulfilment (or waiver) of the conditions precedent under the Sale and Purchase Agreement.

  • Upon completion of the Group Restructuring and the Distribution In Specie, the Distributed Business to be operated by the Privateco Group will principally consist of property investment.

  • As state in the Letter from the Privateco Board, upon completion of the Group Restructuring, the Privateco Group is principally engaged in the property investment and sale of television sets in the U.S., and sale of certain existing models of electronic products to the Remaining Group in accordance with the terms of the Framework Purchase Agreement.


More Definitions of Group Restructuring

Group Restructuring means restructuring of the Group Companies as contemplated under the Restructuring Memo.
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Group Restructuring means the Business Restructuring, the establishment of the WFOE by the HK Subsidiary, and the execution of the Control Documents by the parties thereto, taken as a whole;
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Group Restructuring means the transfer by the BVI Key Subsidiary of all its equity interest in Opco to the HK Key Subsidiary.
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Group Restructuring means the actions undertaken in connection with the restructuring of the Group as set out in Schedule 3.
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Group Restructuring means the process whereby the Company Group completes company restructuring, involving Uni-Force Development, the overseas shareholder of Huiyou Digital, finishing the processes of equity transfer and change of shareholders and therefore legally and validly becomes a shareholder of Huiyou Digital. This Agreement means this Agreement entered into in respect of the purchase and sale of the Sold Shares, as amended from time to time subject to the consent of the parties hereto.
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Group Restructuring means the restructuring of the Company, Concoat Systems Limited, Concoat Limited and Synergie (UK) Limited in accordance with the Restructuring Documents;
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Related to Group Restructuring

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Permitted Restructuring means the completion of: (a) an offer made by, or on behalf of, an Eligible Company to all (or as nearly as may be practicable all) of the shareholders of the Issuer (or, if the Issuer is not then the Ultimate Owner, to the shareholders of the then Ultimate Owner) to acquire the whole (or as nearly as may be practicable the whole) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued ordinary share capital) other than those already held by or on behalf of such Eligible Company; or (b) a reorganisation or restructuring whether by way of a scheme of arrangement or otherwise pursuant to which an Eligible Company acquires all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued share capital) other than those already held by such Eligible Company or pursuant to which all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued capital) not held by the New Holding Company is cancelled;

  • Restructuring has the meaning set forth in the Recitals.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Permitted Tax Restructuring means any reorganizations and other activities related to tax planning and tax reorganization (as determined by the Company in good faith) so long as such Permitted Tax Restructuring is not materially adverse to the Holders of the Notes.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).

  • Internal Restructuring shall have the meaning set forth in Section 7.02(f) of this Agreement.

  • Restructuring Date means the date on which a Restructuring is legally effective in accordance with the terms of the documentation governing such Restructuring.

  • Restructuring Event means the occurrence of any one or more of the following events:

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity, including any secured or unsecured financing, any securitization transaction, or any securities offering which either is registered or exempt from registration under federal and state securities law.

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Restructuring Support Agreement has the meaning set forth in the Recitals.

  • Restructuring Plan means the Restructuring Plan attached hereto as Schedule 1.1.

  • Refinancing Transactions means the transactions described under “Summary—The Refinancing Transactions” in the Offering Memorandum.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • Restructuring Transactions Memorandum means a document, to be included in the Plan Supplement, that sets forth the material components of the Restructuring Transactions and a description of the steps to be carried out to effectuate the Restructuring Transactions in accordance with the Plan, including the reorganization of the Debtors and issuance of the New Valaris Equity, through the Chapter 11 Cases, the Plan, or any Implementation Mechanism (including, in the United Kingdom, through the Administration).

  • Interim Capital Transactions means the following transactions if they occur prior to the Liquidation Date: (a) borrowings, refinancings or refundings of indebtedness and sales of debt securities (other than Working Capital Borrowings and other than for items purchased on open account in the ordinary course of business) by any Group Member; (b) sales of equity interests by any Group Member (including the Common Units sold to the Underwriters pursuant to the exercise of their over-allotment option); and (c) sales or other voluntary or involuntary dispositions of any assets of any Group Member other than (i) sales or other dispositions of inventory, accounts receivable and other assets in the ordinary course of business, and (ii) sales or other dispositions of assets as part of normal retirements or replacements.

  • Restructuring Documents means, collectively, the documents and agreements (and the exhibits, schedules, annexes and supplements thereto) necessary to implement, or entered into in connection with, this Plan, including, without limitation, the Plan Supplement, the Exhibits, the Plan Schedules, the Amended/New Organizational Documents, the Exit Facility Loan Documents, and the Plan Securities and Documents.

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Performing Non-Cash Pay Mezzanine Investments means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

  • Permitted Reorganization means re-organizations and other activities related to tax planning and re-organization, so long as, after giving effect thereto, the security interest of the Lenders in the Collateral, taken as a whole, is not materially impaired.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Exit Financing means the financing under the Exit Facility.