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SYT » Topics » Successor in Business

This excerpt taken from the SYT 20-F filed Feb 18, 2009.
Successor in Business" means, in relation to the Guarantor any company which effectively assumes all of the obligations of the Guarantor under, or in respect of, this Trust Deed and the Notes and which:
 
-6-
 
 
(a)
owns beneficially the whole or substantially the whole of the undertaking, property and assets owned by the Guarantor immediately prior thereto; and
 
 
(b)
carries on, as successor to the Guarantor, the whole or substantially the whole of the business carried on by the Guarantor immediately prior thereto;
 
"
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