Undertaking of the Transferor Companies definition

Undertaking of the Transferor Companies means the business of the Transferor Companies and includes:
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Undertaking of the Transferor Companies means the entire business and the whole of the undertakings of the Transferor Companies as a going concern, all its assets, rights, licenses and powers, and all its debts, outstandings, liabilities, duties and obligations as on the Effective Date including, but not in any way limited to, the following:
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Undertaking of the Transferor Companies means and include the whole of assets, properties, accrued income, liabilities, accumulated losses and the undertaking of the Transferor Companies existing as on Appointed Date and specifically include the following (without limitation):
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Examples of Undertaking of the Transferor Companies in a sentence

  • The Undertaking of the Transferor Companies shall, pursuant to the provisions of Section 394(2) of the Act, without any further act, instrument or deed, be and stand transferred to and vested in or be deemed to have been transferred to and vested in the Transferee Company as a going concern so as to become as and from the Appointed Date, the estate, assets, rights, title, interest and authorities of the Transferee Company.

  • The transfer and vesting of the Undertaking of the Transferor Companies as aforesaid shall be subject to the existing securities, charges and mortgages, if any, subsisting, over or in respect of the property and assets or any part thereof of the Transferor Companies.

  • Subject to other provisions of this Scheme, the Transferee Company shall accept all acts, deeds and things relating to the Undertaking of the Transferor Companies done and executed by and/or on behalf of the Transferor Companies on or after the Appointed Date as acts, deeds and things done and executed by and/or on behalf of the Transferee Company.

  • The transfer of the Undertaking of the Transferor Companies, as aforesaid, shall be subject to the existing charges, if any, over or in respect of any of the assets or any part thereof.

  • The Transferee Company shall be entitled, pending the sanction of the Scheme, to apply to any Governmental Authority, if required, under any Law for such Governmental Approvals which the Transferee Company may require to own the Undertaking of the Transferor Companies and to carry on the business of the Transferor Companies.

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  • All liabilities and obligations arising out of guarantees executed by the Transferor Companies relating to the Undertaking of the Transferor Companies/ business in favor of third party will become the liability/ obligation of the Transferee Company, which it will meet, discharge, and satisfy in accordance with their terms.

  • With effect from the Appointed Date and upon coming into effect of this Scheme, the entire business and Undertaking of the Transferor Companies shall in accordance with section 2(1B) of the IT Act, stand transferred to and be vested in or deemed to be transferred to and vested in Glow Networks, as a going concern.

  • OPERATIVE DATE OF THE SCHEME The Scheme set out herein or with any modification(s) approved or imposed or directed by the Tribunal, will be effective from the Appointed Date but will become operative on the Effective Date, and the Undertaking of the Transferor Companies will without any act, deed, or things, stand transferred to and vested in the Transferee Company, pursuant to Section 230 to 232 of the Companies Act.

  • The services of such Employees will be continued without any interruption or break in services as a result of the transfer and vesting the Undertaking of the Transferor Companies to and with the Transferee Company.


More Definitions of Undertaking of the Transferor Companies

Undertaking of the Transferor Companies means means the whole of the undertaking Transferor Company-1 and Transferor Company-2 as a going concern, including (without limitation):
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Related to Undertaking of the Transferor Companies

  • Transferor Company means a company that conveys an interest in shares.

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • the Macfarlane (Special Payments) (No. 2) Trust means the trust of that name, established on 3rd May 1991 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia and other beneficiaries;

  • the Seller means the person so described in the Order;

  • Acquisition Agreement Representations means the representations and warranties with respect to the Companies made by the Seller in the Acquisition Agreement to the extent a breach of such representations and warranties is material to the interests of the Lenders, but only to the extent that the Borrower or its Affiliates have the right to terminate its or their obligations under the Acquisition Agreement (or decline to consummate the Rockwood Acquisition) as a result of a breach of such representations in the Acquisition Agreement.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • Specified Acquisition Agreement Representations means the representations made by or on behalf of or relating to the Target, its subsidiaries or their respective businesses in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that Vertical/Trigen (or any of its applicable Affiliates) has the right to terminate its (or their) obligations under the Acquisition Agreement or decline to consummate the Acquisition as a result of the breach of such representations in the Acquisition Agreement.

  • Interim Servicer The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided.

  • Seller has the meaning set forth in the Preamble.