Examples of Undertaking of Transferor Company in a sentence
All books, records, files, papers, engineering and process information, catalogues, quotations, advertising materials, if any, lists of present and former clients, whether in physical or electronic form, pertaining to the Transferred Undertaking of Transferor Company, to the extent possible and permitted under Applicable Laws, be handed over by them to Transferee Company.
Subject to the other provisions of the Scheme, all contracts, deeds, bonds, agreements and other instruments, of whatsoever nature and pertaining to the Undertaking of Transferor Company to which Transferor Company is a party, subsisting or having effect immediately on the Appointed Date shall be in full force and effect against or in favor of Transferee Company as the case may be and may be enforced as fully and effective as if, instead of Transferor Company, Transferee Company had been a party thereto.
In view of the aforesaid, the Board of Directors of the Transferor Companies and the Transferee Company have considered and proposed the Slump Sale of the Power Plant Undertaking of Transferor Company No. 1 to the Transferee Company and amalgamation of the entire undertaking and business of the Transferor Companies with the Transferee Company in order to benefit the stakeholders of all the companies.
In view of the above rationale, the Management recommended a Scheme of Arrangement whereby the SI Undertaking of Transferor Company (Softcell Technologies Limited) will be demerged into Resulting Company 1 (Softcell Technologies Global Private Limited) and the SSG Undertaking of Transferor Company will be demerged into Resulting Company 2 (Lentra AI Private Limited) as going concerns with effect from the Appointed Date.
All costs, charges and expenses of Transferor Companies and Transferee Company respectively in relation to or in connection with this Scheme and incidental to the completion of the merger of the Undertaking of Transferor Company in pursuance of this Scheme shall be borne and paid by the Transferee Company.
With effect from the Appointed Date, all profits, reserves, income accruing to or losses and expenditure, if any (including payment of penalty, damages or such litigation) arising or incurred by the Undertaking of Transferor Company shall for all purposes, be treated as the profits or reserves or income or losses or expenditure, as the case may be of Transferee Company.
With effect from the Appointed Date, all profits, reserves, income accruing to or losses and expenditure (including payment of penalty, damages or such litigation) arising or incurred by the Undertaking of Transferor Company shall for all purposes, be treated as the profits or reserves or income or losses or expenditure, as the case may be of Transferee Company.
In the event of a conflict between the terms of the Agreement and the Universal Terms and Conditions, the terms of this Agreement shall control.