Receiving - What is a receiving company?

Q: What is a receiving company?

Receiving Company means the company receiving the assets and liabilities or all or one or more branches of the activity of the transferring company; ＋ New List. Receiving Company means, with respect to any particular Service, MOD-PAC or LSI, respectively, as identified on Exhibit A as the party to receive such Service.

Answer

The term "Receiving Company" refers to the business that will be taking over the transferring company's assets, liabilities, or even only a portion of its operations (New List). When discussing a specific service, the term "Receiving Company" refers to either MOD-PAC or LSI, depending on who is listed as the recipient on Exhibit A.

Receiving - What is a receiving company?

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