New Obligor definition

New Obligor is defined in Section 6.15.
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New Obligor has the meaning given to it in Clause 21.3 (New Obligors).
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New Obligor shall have the meaning given to that term in Section 11.17 of this Security Agreement.
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Examples of New Obligor in a sentence

  • Fractions of a share of common stock of the New Obligor will not be issued upon exercise of the New Stock Acquisition Rights and no adjustment or cash payment will be made in respect thereof.

  • In connection with the substitution and grant described in Condition 6.4.1, the Company shall also use its best endeavours to ensure that the shares of common stock of the New Obligor will be listed on any stock exchange in Japan or be quoted or dealt in on any securities market in Japan (such listing, quotation and dealing being hereinafter collectively referred to as “Listing”) on the relevant Corporate Event Effective Date.

  • The holder of each bond assumed (by way of substitution or otherwise only for the purposes of Japanese law), or bond provided, by the New Obligor may not transfer such bond separately from the New Stock Acquisition Rights.

  • On completion of the formalities set out in Condition 12.2, the New Obligor will be deemed to be named in the Trust Deed and the Bonds as the principal obligor in place of the Company (or of any previous substitute) and the Trust Deed and the Bonds will be deemed to be amended as necessary to give effect to the substitution.

  • The words “substitution” and “grant” used in relation to the exchange of the Company’s obligations in respect of the Bonds for those of a New Obligor following a Corporate Event shall be read as including the necessary legal concepts for such exchange to occur under both Japanese law and English law.The headings in these Conditions are for convenience only and shall be ignored in construing these Conditions.


More Definitions of New Obligor

New Obligor collectively means any (i) surviving company in an absorption-type merger or a newly established company in a consolidation-type merger (only in case where the Company is disappeared by such merger), (ii) company in which the rights and obligations are transferred to or assumed by through a corporate split (shinsetsu bunkatsu or kyushu bunkatsu), (iii) company becoming a wholly-owning parent company of another corporation by way of a share exchange (kabushiki-kokan) or share transfer (kabushiki-iten), or (iv) company in which the obligations under the 2nd Bonds are to be transferred to or assumed through other corporate reorganization procedures then provided for under Japanese law.
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New Obligor means any counterparty to a Corporate Event to or by which the obligations of the Company under the Bonds with Stock Acquisition Rights and/or the Stock Acquisition Rights are proposed to be transferred or assumed.
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New Obligor means any person which at any time becomes a party to this Agreement in accordance with Clause 17.3 (New Obligors).
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New Obligor means the party of the second part to a Novation Agreement.
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New Obligor means the counterparty to a Corporate Event which assumes the obligations of the Company under the Bonds with Stock Acquisition Rights and/or the Stock Acquisition Rights.
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New Obligor means the liquidating trust (or such other ----------- surviving entity established pursuant to the Liquidating Plan that is reasonably satisfactory to the Bank) established pursuant to the Liquidating Plan as the assignee of certain of the assets of Agway, Inc.
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New Obligor has the meaning set forth in Section 9.10.
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