Business Separation. On the terms and subject to the conditions set forth in this Agreement, prior to the Exchange Closing, the Company shall, and shall cause BIMI Sub and each other subsidiary of the Company to, effect each of the transactions set forth in this Article III of this Agreement, which transactions (collectively, the “Business Separation”) shall take place as provided below.
Appears in 2 contracts
Sources: Separation and Exchange Agreement (Brazil Interactive Media, Inc.), Separation and Exchange Agreement (Brazil Interactive Media, Inc.)