AACL definition

AACL means Ascendent Automation (Cayman) Limited, a Cayman Islands exempted company. "Acceptance Notice" has the meaning given to it in Article 52.
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AACL has the meaning given to it in the Preamble; “Acceptance Notice” has the meaning given to it in Clause 4.5(d).
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Examples of AACL in a sentence

  • On 17 December 2018, AACL (as lender), Araco (as borrower), Brightex (as corporate guarantor) and Mr. Xuan (as personal guarantor) entered into the 2018 Facility Agreement pursuant to which, AACL advanced a loan in the principal amount of HK$360,000,000 (the “Loan”) to Araco.

  • AACL has provided an undertaking that it will not transfer the Exchange Right to any party before the Record Date (the “AACL Undertaking”).

  • AACL shall notify AMFL, in writing, of any change in the address of the process agent of AACL within 28 days of such change.

  • AACL Payment obligations, if triggered, would also be funded by the Letter of Credit.

  • The Company shall notify AACL, in writing, of any change in the address of the process agent of the Company within 28 days of such change.

  • On 3 January 2019, Araco executed a share charge to create a charge over 300,000,000 Shares (the “Charged Shares”) owned by it in favour of AACL as security.

  • The Drag-Along Seller: (i) further agrees to take all actions (including executing documents) in connection with consummation of the proposed transaction as may reasonably be requested of it by AACL; and (ii) hereby appoints AACL to be the true and lawful attorney-in-fact and agent of the Drag-Along Seller to do on behalf of the Drag-Along Seller anything that the Drag-Along Seller can lawfully do by an attorney in order to consummate the sale of its CAG Shares.

  • If AACL does not exercise the Exchange Right before 31 December 2023, Araco shall repay the Loan together with all outstanding amounts under the finance documents (including the 2018 Facility Agreement) in full on 31 December 2023.

  • The credit arising in the Company’s books of account as a result of the issued capital reduction will be applied in paying up in full at par the new Shares so issued, credited as fully paid, to Brightex or AACL only (as the case may be).

  • AMFL shall notify AACL, in writing, of any change in the address of the process agent of AMFL within 28 days of such change.