Common use of Specific Performance Obligation Clause in Contracts

Specific Performance Obligation. Pursuant to the Facility Agreement, it shall be an event of default if China ▇▇▇▇▇ Asset Management Co., Ltd. (“China ▇▇▇▇▇”) ceases to directly or indirectly own at least 50% of the issued share capital of the Company in case written consent is not obtained from the bank. As at the date of this announcement, China ▇▇▇▇▇ indirectly owns approximately 63% of the issued share capital of the Company.

Appears in 1 contract

Sources: Loan Facility Agreement

Specific Performance Obligation. Pursuant to the Facility Agreement, it shall be an event of default if China ▇▇▇▇▇ Asset Management Co., Ltd. (“China ▇▇▇▇▇”) ceases to directly or indirectly own at least 50maintain 51% of the issued share capital shareholdings of the Company in case written consent is not obtained from (whether directly or indirectly) during the banklending period. As at the date of this announcement, China ▇▇▇▇▇ indirectly owns holds approximately 63% of the issued share capital of the Company.

Appears in 1 contract

Sources: Facility Agreement