Permitted Reorganisation means a solvent reconstruction, amalgamation, reorganisation, merger or consolidation whereby all or substantially all the business, undertaking or assets of the Issuer are transferred to a successor entity which assumes all the obligations of the Issuer under the Capital Securities.
Permitted Reorganisation means an amalgamation, merger, consolidation, reorganisation or other similar arrangement entered into by the Guarantor under which:
Permitted Reorganisation means any reorganisation, amalgamation, merger, demerger, consolidation, contribution in kind or restructuring or other similar transaction, in each case whilst solvent:
Examples of Permitted Reorganisation in a sentence
The Borrower may not assign any of its rights or transfer any of its rights or obligations under the Finance Documents other than pursuant to a Permitted Transaction or Permitted Reorganisation or pursuant to Section 6 (Merger and Consolidation) of Schedule 12 (General Undertakings) and/or as otherwise permitted pursuant to the other provisions of this Agreement.
More Definitions of Permitted Reorganisation
Permitted Reorganisation means a reconstruction, amalgamation, merger, consolidation or transfer of assets and/or activities (a "Reorganisation") where the surviving legal entity which acquires or to which is transferred all or a substantial part of the business and/or activities of the Issuer:
Permitted Reorganisation means an amalgamation, merger, consolidation, reorganisation or other similar arrangement entered into by the Issuer or ZIC (where ZIC is not the Issuer) under which:
Permitted Reorganisation means a solvent reconstruction, amalgamation, reorganisation, merger or consolidation whereby all or substantially all the business, undertaking and assets of the Issuer are transfer to a successor entity which assumes all the obligations of the Issuer under the Subordinated Notes;
Permitted Reorganisation means a solvent reconstruction, amalgamation, reorganisation,merger or consolidation whereby all or substantially all the business, undertaking and assets of the Company are transferred to a successor entity which assumes all the obligations of the Company under the Class A Cumulative Preference Shares.
Permitted Reorganisation means any one or more of the following:
Permitted Reorganisation means a solvent reconstruction, amalgamation, reorganisation, merger or consolidation whereby all or substantially all the business, undertaking or assets of DSB are transferred to a successor entity which assumes all the obligations of DSB under the Dated Subordinated Notes;
Permitted Reorganisation means (i) any merger, consolidation, amalgamation, reorganisation, transfer of all or substantially all of its business, assets or undertaking (by operation of law or by way of sale, contribution, lease, conveyance, demerger or otherwise), reconstruction or restructuring on a solvent basis, pursuant to which the surviving or acquiring company (if not the Issuer) assumes all obligations of the Issuer under the Notes and the Trust Deed either expressly, by operation of law or by universal succession; or (ii) for the purposes of or in connection with, and followed by, a substitution of the relevant entity pursuant to and in accordance with Condition 13.5 (Substitution).