Examples of Newco 1 in a sentence
This Agreement shall be effective as of the date of the consummation of the transaction(s) contemplated by the Agreement and Plan of Merger dated as of May 7, 2001 by and among the Company, BNP Paribas, a societe anonyme or limited liability banking corporation organized under the laws of the Republic of France ("BNP"), and Newco 1 (the "Effective Date") and shall remain in effect until the third anniversary thereof (the "Term").
The parties shall mutually agree upon a process for a joint quarterly review of Digimarc’s progress in achieving the objectives set forth in the Annual Work Plan, and for considering any changes that either Newco 1 or Digimarc may propose to the Annual Work Plan.
The facts of this case suggest that the Formation of Newco 1 and subsequent transactions (specifically, Stock Disposition One and Asset Disposition One) were undertaken for the principal purpose of avoiding Federal income tax.1 Indeed, the transactions display sophisticated tax planning.
Within thirty (30) days of receipt of such invoice, Newco 1 shall pay for Digimarc Services actually performed by Digimarc in accordance with the then-current Annual Work Plan in that quarter to the extent that the Digimarc Services actually performed by Digimarc within that Plan Year to date, as reflected in the cumulative quarterly invoices for that Plan Year, exceed the Minimum Service Fees owed for that Plan Year cumulatively to date.
Effective as of immediately following the contribution of the Contributed Assets to and the assumption of the Assumed Liabilities by Newco 1 as required by Sections 1.1 and 1.3 hereof, each Transferor shall contribute, transfer, assign and convey to Newco 2, as a capital contribution, all of the Newco 1 Equity Interests held beneficially and of record by such Transferor, free and clear of any Liens and Encumbrances.