Reorganization Time definition
Examples of Reorganization Time in a sentence
No such terminated agreement, arrangement, commitment or understanding (including any provision thereof which purports to survive such termination) will be of any further force or effect as of and from the Reorganization Time.
Following the Reorganization Time, FirstService shall have exclusive authority and control over the investigation, prosecution, defense and appeal of all Joint Litigation.
The Parties acknowledge and agree that each entity minute book and entity seal are and shall remain the property of the entity to which they relate and that, on or as promptly as practicable following the Reorganization Time, FirstService shall, and shall cause its Affiliates to, deliver to or for the benefit of FSV Holdco each entity minute book and entity seal in their possession that relates to FSV Holdco and its Affiliates.
At all times from the Reorganization Time until the further documentation of legal title to the New FSV Assets is completed, FirstService shall hold legal title to any such New FSV Assets as bare trustee, agent and nominee of FSV Holdco.
The Parties acknowledge and agree that each corporate minute book and corporate seal are and shall remain the property of the corporation to which they relate and that, on or as promptly as practicable following the Reorganization Time, EnCana shall, and shall cause its Affiliates to, deliver to Subco each corporate minute book and corporate seal in their possession that relates to Subco and its Affiliates.
The Parties agree to implement the Separation for the purpose of causing as at the Reorganization Time: (i) the Cenovus Assets to be transferred to Subco; (ii) the EnCana Assets to continue to be held by EnCana; (iii) the Cenovus Liabilities to be assumed by or become the responsibility of Subco; and (iv) the EnCana Liabilities to remain the responsibility of EnCana, on the terms and subject to the conditions set forth in this Agreement.
Subject to subsection (e), following the Reorganization Time, EnCana shall have exclusive authority and control over the investigation, prosecution, defense and appeal of all Joint Litigation.
EnCana shall take, or cause to be taken, all actions necessary to further document the transfer, assignment, delivery or conveyance to Subco of legal title to the Cenovus Assets, the beneficial title of which is transferred hereunder as at the Reorganization Time.
At all times from the Reorganization Time until the further documentation of legal title to the Cenovus Assets is completed, EnCana shall hold legal title to any such Cenovus Assets as bare trustee, agent and nominee of Subco.
If, immediately prior to the Reorganization Time, legal title to any Cenovus Asset transferred hereunder is held by any other Person as bare trustee, agent, nominee or similar arrangement for EnCana, EnCana shall take all actions necessary to ensure that, from and after the Reorganization Time, such Person shall hold legal title to such Cenovus Assets as bare trustee, agent and nominee for Subco.