Steps Plan definition

Steps Plan means a plan evidenced by Eligible Information contemplating that there will be a series of successions to some or all of the Relevant Obligations of the Reference Entity, by one or more entities.

Steps Plan means the demerger steps plan prepared by Xxxxxxxxx and May summarising the proposals in relation to the Separation Transaction, and initialled for identification purposes by or on behalf of each of GSK, Pfizer and Haleon; “Sterling” and “£” means the lawful currency of the United Kingdom;

Steps Plan means the steps plan set forth on Exhibit A hereto.

Examples of Steps Plan in a sentence

• In calculating the percentages used to determine whether an entity qualifies as a Successor under Section 2.2(a), if there is a Steps Plan, the Calculation Agent shall consider all related successions in respect of such Steps Plan in aggregate as if forming part of a single succession.

• In calculating the percentages used to determine whether an entity qualifies as a Successor under paragraph (a) above, if there is a Steps Plan, the Calculation Agent shall consider all related successions in respect of such Steps Plan in aggregate as if forming part of a single succession.

• In calculating the percentages used to determine whether an entity qualifies as a Successor under the definition of "Successor", if there is a Steps Plan, the Calculation Agent shall consider all related successions in respect of such Steps Plan in aggregate as if forming part of a single succession.

• An influx of investors in this way would have significantly eased the pressure that I was under at that time from the President.”) words, “[t]here was no need to provide security for these loans because the ultimate beneficial owner of the related companies was Mr. Ablyazov and it had always been envisaged in the Project Aquila Steps Plan that once the private placement had been undertaken these loans would be repaid in full with the proceeds of the sale” (Rejoinder, § 281).

• In calculating the percentages used to determine whether an entity qualifies as a Successor under paragraph (a) of the definition of “Successor”, if there is a Steps Plan, the Calculation Agent shall consider all related successions in respect of such Steps Plan in aggregate as if forming part of a single succession.

More Definitions of Steps Plan

Steps Plan means the demerger steps plan prepared by Xxxxxxxxx and May summarising the proposals in relation to the Separation Transaction, and initialled for identification purposes by or on behalf of each of GSK, Pfizer and Haleon;

Steps Plan means a plan evidenced by Publicly Available Successor Information contemplating that there will be a series of successions to some or all of the Relevant Obligations of the Reference Entity, by one or more entities in consequence of which one or more than one different legal person or entity assumes or becomes liable for such Relevant Obligations.

Steps Plan means that certain “Project Blue 2 — Proposed Step Plan” prepared by Ernst & Young, dated as of December 1, 2014, as same may be amended, restated, supplemented or otherwise modified in accordance with Section 4.01(k)(ii) and Section 5.16(a).

Steps Plan means [•] set forth on Exhibit E hereto.

Steps Plan means the steps plan set forth on Section 9.02(f) of the Parent Disclosure Letter.

Steps Plan has the meaning set forth in the Separation Agreement.

Steps Plan has the meaning set forth in the Separation Agreement, as amended and restated by the August 31 Letter Agreement, and as may be further amended, modified or restated from time to time.