Successorship Transaction definition

Successorship Transaction means any transaction, whether single step or multi-step that provides for, results in, or creates a successor.
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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.
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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.

  • 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, where practicable, 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.

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

  • In the event of the acquisition by the Company of another airline, or the closing of a Successorship Transaction as defined herein, the Company shall not transfer the aircraft (including all “firm” orders and any options to purchase aircraft) and operations of each pre-transaction airline between the pre-transaction airlines until such time as the pilot seniority lists are integrated in accordance with Section 1C,2.

  • 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 a fence agreement and/or to implement a seniority integration process as described above.

  • 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.

  • 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.

  • 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.

  • Further, the Successor shall agree 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 employees, and to guarantee that the employees represented by the Association under the Agreement will be employed by Successor in accordance with the provisions of the 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.

  • Business Combination Agreement shall have the meaning given in the Recitals hereto.

  • Competing Transaction has the meaning set forth in Section 6.1(n).

  • Business Combination Proposal has the meaning set forth in Section 5.8.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • Partnership Change of Control means Tesoro Corporation ceases to Control the General Partner.

  • Reorganization Transaction see clause (d) of the definition of “Change of Control.”

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.

  • Merger has the meaning set forth in the Recitals.

  • Exempted Fundamental Change means any Fundamental Change with respect to which, in accordance with Section 4.02(I), the Company does not offer to repurchase any Notes.

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • 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).