Sale progress Sample Clauses

Sale progress. During January 2005, CSFB searched extensively in Australasia, Asia, North America and Europe for potential buyers in the automotive industry and also for potential financial investors. They also contacted parties who had expressed an interest in the businesses to the Administrators, and advertised the sale of the businesses nationally. Under the sale process, offers (including recapitalisation proposals) were invited for the entire ION Automotive Group together with offers for: ▪ combinations of business units which purchasers may prefer; and ▪ for individual business units. All parties expressing a continued interest received the “teaser” document, a high level summary of the businesses and their key financials. The teaser document requested that interested parties submit expressions of interest, indicating the businesses in which they were interested, along with a signed confidentiality agreement in order to receive the appropriate information memoranda. During February 2005, the Administrators and CSFB worked with management at each of the businesses in preparing a detailed information memorandum for each business. These were distributed to the interested parties in the week commencing 28 February 2005. Indicative bids were requested for 7 March 2005. The indicative bids demonstrated there is greater value in a break up of the ION Consolidated Group. The Administrators, in conjunction with CSFB, short-listed a number of these parties. Parties short-listed entered a due diligence process, with access to a data room with a substantial volume of financial, commercial, legal and technical documents. Prior vendor due diligence was conducted in some areas such as legal and environmental matters in order to facilitate a compressed sale process. Additional information requested by bidders has been provided by way of a formal question and answer process. Site visits were arranged for short-listed bidders were also facilitated in making site visits, with the Administrators’ staff and CSFB assisting management in making presentations on the business to the bidders. The Administrators also facilitated meetings between short listed bidders and the key customers of each of the businesses, receiving helpful cooperation from these customers. A recapitalisation proposal was received for the entire ION Consolidated Group but it was subsequently withdrawn. Some directors of ION Limited were associated with this proposal. As discussed in greater detail in section 6 of thi...
View Source

Related to Sale progress

  • Campaign Contribution Restrictions For all State contracts as defined in C.G.S. § 9-612(g) the authorized signatory to this Contract expressly acknowledges receipt of the State Elections Enforcement Commission’s (“SEEC”) notice advising state contractors of state campaign contribution and solicitation prohibitions, and will inform its principles of the contents of the notice. See Form reproduced and inserted below.

  • Campaign Contribution Restriction For all State contracts as defined in Conn. Gen. Stat. § 9- 612(g)(1) having a value in a calendar year of $50,000 or more or a combination or series of such agreements or contracts having a value of $100,000 or more, the authorized signatory to this Contract expressly acknowledges receipt of the State Elections Enforcement Commission's notice advising state contractors of state campaign contribution and solicitation prohibitions, and will inform its principals of the contents of the notice, as set forth in “Notice to Executive Branch State Contractors and Prospective State Contractors of Campaign Contribution and Solicitation Limitations,” attached as Exhibit C.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Performance of Bargaining Unit Work No person whose regular job is not in the bargaining unit will work on any job for which rates are established by this Agreement, except for the purposes of instruction, experimentation, or management training, in which case trainees shall not displace or replace any employee in the aforesaid classifications except in cases of emergency when regular employees are not available.

  • Performance Improvement Plan timely and accurate completion of key actions due within the reporting period 100 percent The Supplier will design and develop an improvement plan and agree milestones and deliverables with the Authority 3.2 The Authority may from time to time make changes to the KPIs measured as set out in paragraph 3.1 above and shall issue a replacement version to the Supplier. The Authority shall give notice In Writing of any such change to the KPIs measured and shall specify the date from which the replacement KPIs must be used for future reports. Such date shall be at least thirty (30) calendar days following the date of the notice to the Supplier.