Successorship Transaction definition

Successorship Transaction means any transaction, whether single step or multi-step that provides for, results in, or creates a successor.
Sample 1Sample 2Sample 3
Successorship Transaction means a transfer (in a single transaction or in multi-step transactions) to the same Successor of the ownership and/or control of all or substantially all of the equity securities and/or assets of the Company. 3. a. (1) In the event of a Successorship Transaction which results in an operational merger in which the Successor is an air carrier or any person or entity that controls or is under the control of an air carrier, the Successor shall provide the Company’s pilots with the seniority integration rights provided in Sections 3 and 13 of the Labor Protective Provisions specified by the Civil Aeronautics Board in the Allegheny-Mohawk merger (Allegheny-Mohawk LPPs), except that the integration of the seniority lists of the respective pilot groups shall be governed by the Association’s Merger Policy if both pre- transaction pilot groups are represented by the Association provided the merged list (in either event), by its terms, does not result in pilot displacements. (2) The aircraft (including all orders and options to purchase aircraft) and operations of each pre- transaction airline shall remain separate and shall not be transferred between the pre-transaction airlines until such time as the pilot seniority lists are integrated in accordance with paragraph C.3.a.(1).
Sample 1

Examples of Successorship Transaction in a sentence

  • The Company shall provide the Union with written notice of any Successorship Transaction no later than thirty (30) days prior to the closing of the transaction and such notice to be subject to any confidentiality restrictions that the Company in its discretion may impose on the Union or legal requirements that may apply.

  • Our goal is to increase the use of measures that more clearly indicate our progress toward meeting public health and environmental objectives.

  • The Company and its Affiliates agree to give written notice of the terms of this Agreement to a proposed Successor, before concluding any Successorship Transaction.

  • Any transaction wherein a successor emerges shall be deemed as a "Successorship Transaction".

  • The Company and its Parent shall not consummate a Successorship Transaction unless the Successor agrees in writing, as an irrevocable condition of the Successorship Transaction, to assume and be bound by the Agreement, to recognize the Association as the representative of the Successor's pilots, and to guarantee that the pilots on the United Pilots' System Seniority List will be employed by the Successor in accordance with the provisions of the Agreement.

  • Inappropriate Attire: Clothing which does not conform to the Uniform Policy or Dress Code of the school.

  • Upon the announcement of a Successorship Transaction or any other transaction which will or may result in the acquisition of another air carrier by the Company or the consolidation of the Company with another air carrier, the parties will meet promptly to negotiate an appropriate fence agreement and/or to implement a seniority integration process as described in paragraph 1.B.2. above.

  • The Company shall provide the Association with written notice of any Successorship Transaction no later than thirty (30) days prior to the closing of the transaction, where practicable, and such notice shall be subject to any confidentiality restrictions that the Company or applicable law may require.

  • The Company agrees to give written notice of the terms of this Agreement to a proposed Complete Transaction Successor before concluding any Complete Successorship Transaction.

  • The Company shall not bring a single step or multi-step Successorship Transaction to final conclusion unless the Successor agrees, in writing, to recognize the Association as the representative of pilots on the American Airlines Pilots Seniority List consistent with the Railway Labor Act, to employ the pilots on the American Airlines Pilots Seniority List in accordance with the provisions of this Agreement, and to assume and be bound by this Agreement.

Related to Successorship Transaction

  • Acquisition Transaction means any transaction or series of transactions involving:

  • Permitted Transaction means any transaction involving (i) a Swap that is not a Required Transaction or (ii) a Required Transaction that is a component of a Covered Package Transaction.

  • Merger has the meaning set forth in the Recitals.

  • Alternative Transaction means the sale, transfer, lease or other disposition, directly or indirectly, including through an asset sale, stock sale, merger or other similar transaction, of all or substantially all of the Purchased Assets in a transaction or a series of transactions with one or more Persons other than Purchaser (or its Affiliates).