Acquisition Completion definition
Examples of Acquisition Completion in a sentence
Notwithstanding the foregoing, nothing contained in this Section shall prevent FCP from making all disclosures necessary to submit a board offer letter, apply for all approvals, comply with applicable law or regulations, and make all filings required to commence the tender offers and achieve Acquisition Completion and the de-merger of ITA; including, without limitation, Regulation 13D and Regulation 14D promulgated under the U.S. Securities Exchange Act of 1934, as amended.
For the purposes of this Condition: an “Acquisition Event” shall be deemed to have occurred if the Issuer (i) has not, on or prior to the Acquisition Completion Date (as specified in the Final Terms), completed and closed the acquisition of the Acquisition Target (as specified in the Final Terms) or (ii) has publicly announced that it no longer intends to pursue the acquisition of the Acquisition Target.
Following the Scandinavia Carve-Out, it is intended that an intragroup reorganisation will take place, resulting in a structure in which Scandi JVco holds Codan Holdings, and in turn Scandi JVco is held c.89.3% by Tryg (c.78.6% directly and c.10.7% indirectly through Scandi JVco2) and c.10.7% indirectly by Intact through Scandi JVco2 (the "Acquisition Completion Holding Structure").
Promptly after the Acquisition Completion, but no earlier than three Business Days, and no later than five Business Days, after the public announcement of the Acquisition Completion, the Company shall pay the Employee all Base Salary accrued through such payment date.
In order to provide certainty that the Scandinavia Carve-Out will take place upon Completion and that the intragroup reorganisation can be implemented to achieve the Acquisition Completion Holding Structure, the Scheme will contain undertakings from (amongst others) Intact, Bidco, Tryg and RSA to carry out the steps necessary to effect the Scandinavia Carve-Out and implement certain other steps as part of the intragroup reorganisation necessary to achieve the Acquisition Completion Holding Structure.
No Base Salary shall be paid to the Employee prior to the Acquisition Completion.
To ensure compliance with the Listing Rules by the Company immediately upon the Acquisition Completion, the Company will seek the approval of the Independent Shareholders on the Framework Agreement, the transactions contemplated thereunder and the related annual caps at the EGM.
Acquisition Completion shall fall on the fifth Business Day (or such other Business Day agreed in writing by the parties to the Acquisition Agreement or deferred by the non-defaulting party pursuant to the relevant provisions of the Acquisition Agreement) after the date on which the conditions set out above (except conditions precedent in paragraphs (j), (k) and (m) above which may be satisfied simultaneously upon Acquisition Completion) have been satisfied (or waived as the case may be).
Section 5.6. The Implementing Entity shall report on the receipt of Principal Repayments, receipt of Income, and Unused Funds, and return any such funds received or held by it in accordance with Sections 6 and 7 below.
It is expected that upon or around the Acquisition Completion, the Target Company (for itself and for the benefit of other members of the Target Group) will enter into the Framework Agreement with ZTE (for itself and for the benefit of the ZTE Group) to regulate the continuing supply of the Products by the Target Group to the ZTE Group for a term of three years commencing from the date of the Acquisition Completion.