Business Sale definition

Business Sale means the sale of all or substantially all the undertaking and assets of the Group in one transaction or a series of transactions;

Business Sale shall have the meaning specified in Section 5.7.

Business Sale means any termination whether by sale or otherwise, of Purchaser's majority (meaning more than 50%) ownership or control of a U.S. Electrical Company or any Business Unit.

Examples of Business Sale in a sentence

• The Taiwan Business Sale Agreement is therefore essential to facilitate the Partial Offer and acquisition of interests in the Company by the Offeror.

• An application has been made by the Company to the Executive for consent to proceed with the Taiwan Business Sale Agreement.

• Further, the Taiwan Business Sale presents itself as a good opportunity for the Company to refocus its resources on developing key markets and capture business growth which may arise in the longer run.

• Listing Rules implications As one or more of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the Taiwan Business Sale Agreement is 5% or more but less than 25%, the Taiwan Business Sale Agreement constitutes a discloseable transaction of the Company under the Listing Rules and would therefore be subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules.

• The aforesaid estimation is for illustrative purposes only and does not purport to represent how the financial position of the Group will be after the closing of the Taiwan Business Sale.

More Definitions of Business Sale

Business Sale means, except as otherwise provided for purposes of Article XI of the Plan, a sale of all of the equity interests or substantially all the assets of a subsidiary of the Partnership or an Affiliate, or the sale of the assets of a business of the Partnership or an Affiliate (either KCI or LifeCell), to a Person or group of Persons who were not Requisite Limited Partners (as defined in the LP Agreement) at any time prior to such sale.

Business Sale the completion of an agreement whereby any person (including a firm, company or other entity and acting either alone or in concert with others) becomes entitled to acquire the whole, or substantially the whole, of the Company’s undertaking, business and assets;

Business Sale means the sale by the Business Sellers to unrelated third parties of certain business units or other assets of an Originator and consented to by the Administrative Agent and the Lenders, such consent not to be unreasonably withheld, including but not limited to the Goody Business Sale, Hearthmark Business Sale, Playing Card Business Sale, Quickie Business Sale and Shakespeare Business Sale.

Business Sale means, whether through one transaction or a series of transactions, (i) a sale of (x) more than 50% of the equity interests or (y) substantially all of the assets of KCI or LifeCell to a Person or group of Persons who (a) were not Requisite Limited Partners (as defined in the LP Agreement) at any time prior to such sale and (b) if such Person or group of Persons is an entity, are Requisite Limited Partners who do not own in excess of 50% of the voting power of such Person or group of Persons and do not otherwise have the power to direct or cause the direction of the management or policies of such Person or group of Persons, whether through ownership of voting securities, by contract, or otherwise; or (ii) an Initial Public Offering of LifeCell or KCI but only if, and when, there is a decrease in direct or indirect ownership by the Partnership to the extent that LifeCell or KCI ceases to be an Affiliate of the Partnership; provided, that the event described in (i)(x) above shall not constitute a Business Sale until such time as the Requisite Limited Partners do not otherwise have the power to direct or cause the direction of the management or policies of KCI or LifeCell, as applicable, whether through ownership of voting securities, by contract, or otherwise.

Business Sale means the sale by the Business Sellers to unrelated third parties of certain business units or other assets of an Originator and consented to by the Administrative Agent and the Purchasers, such consent not to be unreasonably withheld, conditioned or delayed.

Business Sale has the meaning set forth in the Operating Lease.

Business Sale means the sale by the Parent (whether by sale of one or more Subsidiaries, sale of assets, merger involving one or more Subsidiaries or otherwise) of all or substantially all of its United States (excluding Puerto Rico) movie theatre business, including sale of its interest in the Theatre Properties or the direct or indirect ownership interest in the Tenant.