Internal Restructuring definition

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

Internal Restructuring shall have the meaning set forth in the Separation Agreement.

Internal Restructuring means (i) any internal restructuring (including by making or revoking any election under Treasury Regulations Section 301.7701-3) involving SpinCo or any of its subsidiaries or (ii) any direct or indirect contribution, sale or other transfer by SpinCo to any of its Subsidiaries of any of the assets contributed or transferred to SpinCo as part of the Contribution or pursuant to the Separation and Distribution Agreement.

Examples of Internal Restructuring in a sentence

• The covenants in this Agreement that by their terms are to be performed following the Separation Time will survive each of the Internal Restructuring and the Distribution and will remain in full force and effect in accordance with their terms.

• The Tax treatment of any step in or portion of the Internal Restructuring, Spinco Contribution, and Distribution shall be reported on each applicable Tax Return consistently with the Tax-Free Status of the Transactions, taking into account the jurisdiction in which such Tax Returns are filed.

• The covenants in this Agreement or any Ancillary Agreement that by their terms are to be performed following the Separation Time will survive each of the Internal Restructuring and the Distribution and will remain in full force and effect in accordance with their terms (unless such Ancillary Agreement expressly provides for separate indemnification therein, in which case any such indemnification claims and survival of such covenants will be made thereunder).

More Definitions of Internal Restructuring

Internal Restructuring has the meaning set forth in the Recitals of this Agreement.

Internal Restructuring has the meaning set forth in Schedule B.

Internal Restructuring has the meaning set forth in Exhibit [B].4

Internal Restructuring has the meaning set forth in the recitals hereto.

Internal Restructuring shall have the meaning set forth in the Distribution Agreement.

Internal Restructuring has the meaning set forth in Section 6.01(e).

Internal Restructuring means the internal reorganization of the Fortrea Business, as set forth in Exhibit A, as amended or modified at any time prior to the Distribution by Labcorp in its sole discretion.