Divestment Sample Clauses

Divestment. When you have received an allocation of Financial Products in an offer on ASX BookBuild which: a. represents a percentage of Financial Products in that offer which exceeds the Investment Cap; or b. results, or together with allocations to other persons result, in the voting power in the BookBuild Issuer of you or any other person increasing from a percentage at or below the Investment Cap to a percentage above the Investment Cap, you acknowledge that such allocation was outside of the parameters established by the BookBuild Issuer for the offer on ASX BookBuild and that the BookBuild Issuer may, at its election, require that you divest such number of Financial Products allocated in the offer on ASX BookBuild up to the number required for the relevant person to no longer exceed the Investment Cap. For the purposes of this clause 9, a person’s voting power in the BookBuild Issuer has the meaning given by s610 of the Corporations Act. You also acknowledge that damages are not an adequate remedy for a breach of clause 7 and that the BookBuild Issuer can require specific performance of this clause 9.

Divestment. In case ING divests part of its business or (part of) an Associated Company (the “Divested Entity”) that receives the Product(s) and/or Service(s) under the Agreement, the following will apply:

Divestment. When you have received an allocation of Financial Products in an offer on ASX BookBuild which:

Divestment. In the case of capital contributions or shareholder loans that are required to be made by the Company to PMCL pursuant to Clause 9.1 of the PMCL Shareholders Agreement, if the Non-Defaulting Shareholders have not elected to purchase all of the Subject Shares, the Company shall, on the due date of the making of the capital contributions or the shareholder loans to PMCL or within the cure period stipulated in Clause 16.3(d) of the PMCL Shareholders Agreement, make such part of its required capital contributions or shareholder loans with the funds that have been provided by the Non-Defaulting Shareholders. The parties agree that thereupon the Company shall have the right to purchase the Shares held by the Defaulting Shareholder or to otherwise cause the Defaulting Shareholder to divest its Shares in consideration for the transfer by the Company to the Defaulting Shareholder of such number of shares of PMCL that is attributable and corresponds to the shareholding percentage in the Company of the Defaulting Shareholder, with the result that the Defaulting Shareholder shall become a direct shareholder of PMCL. Each Shareholder covenants that, if it is a Defaulting Shareholder, it shall execute and deliver a deed of adherence, substantially in the form of Exhibit C to the PMCL Shareholders Agreement. Immediately following the transfer of shares of PMCL to the Defaulting Shareholder, the Defaulting Shareholder shall be deemed to have been in default under Clause 16.3(d) of the PMCL Shareholders Agreement by virtue of having failed to fund its share of the capital contributions or shareholder loans that should have been made by it originally to the Company, and the Company (as so constituted with only the Non-Defaulting Shareholders as its shareholders) shall, together with the other shareholders of PMCL, have the right to purchase the shares of PMCL held by the Defaulting Shareholder in accordance with Clause 16.5 of the PMCL Shareholders Agreement.

Divestment. Each Party may, at any time during the Development of a Collaboration Product, seek to Divest its then current ownership share of the Collaboration Product to a Third Party and exit the collaboration hereunder without further obligations.

Divestment. When the Client: (a) has received an allocation of Financial Products in an offer on ASX BookBuild which represents a percentage of Financial Products in that offer which exceeds the Investment Cap; or (b) has received an allocation of Financial Products in an offer on ASX BookBuild which results, or together with allocations to other persons result, in the voting power in the BookBuild Issuer of the Client or any other person increasing from a percentage at or below the Investment Cap to a percentage above the Investment Cap, the Client acknowledges that such allocation was outside of the parameters established by the BookBuild Issuer for the offer on ASX BookBuild and that the BookBuild Issuer may, at its election, require that the client divest such number of Financial Products allocated in the offer on ASX BookBuild up to the number required for the relevant person to no longer exceed the Investment Cap. For the purposes of this clause 6, a person’s voting power in the BookBuild Issuer has the meaning given by s610 of the Corporations Act. The Client acknowledges that damages are not an adequate remedy for a breach of clause 4 and that the BookBuild Issuer can require specific performance of this clause 6.

Divestment. If Option Event vii in Section 7.1 occurs as a result of the company where the Manager has his/her Employment/Service Contract being acquired by an entity controlled by the Investor, the Investor shall be entitled to decide whether to apply these leaver provisions fully or partly or to, fully or partly convert the relevant Manager’s investment into an equivalent investment plan in the new group. The value of the Manager’s investment after the conversion plus any purchase price paid for shares sold to the Investor shall be at least equal to that of the Manager’s investment prior to the occurrence of Option Event vii in Section 7.1 (as determined by the Investor acting reasonably).

Divestment. Without prejudice to parties’ rights under Section titled “Assignment”, PCS will consent to Customer's assignment of individual subscriptions or one or more Order Forms (“Divested Subscriptions”) to a divested entity or acquiror (a "Divestiture Assignee") in connection with an asset or business unit divestiture by Customer, provided the Divestiture Assignee has first accepted the terms of PCS’s standard master services agreement (whether by signature or electronically), and provided that: A) at the time of the divestiture, the per unit pricing for Customer’s subscriptions remaining as of the date of the divestiture, and the Divested Subscriptions, shall be increased to reflect the reduced volumes applicable to each entity respectively and B) Customer pays a fee for splitting Divested Subscriptions and the relevant Customer Data to the new instance of the Subscription Services. The parties shall execute replacement Order Forms accordingly at the time of such divestiture.

Divestment. 16.1 If there is any Divestment, which AIB or an AIB Affiliate is required to undertake in connection with a Resolution Event, any Divested Entity shall be entitled to continue to enjoy the benefit of such Goods and/or Services provided by the Supplier which it is receiving pursuant to an Agreement for a period of up to twenty four (24) months from the date of the Divestment on the terms of the Agreement. 16.2 AIB shall be responsible for compliance by such Divested Entity to the relevant terms and conditions of these Purchase Terms and the Agreement, including payment of any associated charges. At the end of the specified period, the Divested Entity shall not be entitled to the benefit of the Agreement or the Goods and/or Services (save to the extent that the Supplier has agreed to provide such goods and/or services to the Divested Entity by way of a separate agreement).