Plan of Division definition

Plan of Division means a plan of division adopted by a Delaware LLC as required by any applicable governmental authority in order to legally effectuate a Delaware LLC Division, including, without limitation, a plan of division as described in Section 18-217 of the Delaware Limited Liability Company Act, as amended from time to time.

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Plan of Division means a plan of division approved by a

Plan of Division means (a) any division or plan of division adopted pursuant to under Delaware law by a Delaware limited liability company or limited partnership whereby such entity is divided into two or more entities and the assets, property, rights, series, debts, liabilities and duties of such entity are allocated among the resulting entities or (b) any analogous plan or scheme adopted pursuant to the applicable laws of another jurisdiction by a Person organized under the applicable laws of such other jurisdiction.

Examples of Plan of Division in a sentence

• On the Division Date, prior to the Merger and the Distribution, AWI shall consummate the Division pursuant to and in accordance with the Plan of Division.

• The Vendor shall bear the cost of the preparation and lodging of any adjusted Plan of Division and each party shall bear their own costs of and incidental to the negotiations.

• The Transition Committee shall be responsible for monitoring and managing all matters related to, and for seeking to resolved any Disputes that arise under or in connection with, any of the transactions contemplated by the Plan of Division, this Agreement or any Ancillary Agreements.

• The Purchaser buys subject to any easements, rights, exceptions and reservations referred to in the Certificates of Title for the Land to be created upon deposit of the Plan of Division and any other easement which may affect the Land (including any other easements or rights vested in or claimed by any statutory authorities) in respect of which the Vendor, on or prior to the date of Settlement has notified the Purchaser in writing.

• The Trust may also participate in a division of the Trust, similar to a division of a Pennsylvania business corporation, pursuant to a Plan of Division under 15 Pa.C.S. Subchapter 19D (relating to division of corporation).

More Definitions of Plan of Division

Plan of Division means a plan of division approved by a dividing insurer in accordance with section 5505.

Plan of Division means a plan of division that is approved by a dividing insurer pursuant to section 8.

Plan of Division means (i) with respect to a LLC, a plan of division adopted by such LLC as required by any applicable Governmental Authority in order to legally effectuate a LLC Division, including, without limitation, a plan of division as described in Section 18-217 of the Delaware Limited Liability Company Act, as amended from time to time, and (ii) with respect to a LP, a plan of division adopted by such LP as required by any applicable governmental authority in order to legally effectuate a LP Division, including, without limitation, a plan of division as described in Section 17-220 of the Delaware Revised Uniform Limited Partnership Act, as amended from time to time.

Plan of Division shall have the meaning assigned to such term in the Separation Agreement.

Plan of Division shall have the meaning set forth in the Recitals.

Plan of Division means a plan of division approved by a dividing company in accordance Section 35B-20.

Plan of Division means (a) any division or plan of division adopted pursuant to the Delaware Limited Liability Company Act by a Delaware limited liability company whereby such limited liability company is divided into two or more limited liability companies and the assets, property, rights, series, debts, liabilities and duties of such limited liability company are allocated among the resulting limited liability companies or (b) any analogous plan or scheme adopted pursuant to the applicable laws of another jurisdiction by a Person organized under the applicable laws of such other jurisdiction.