BVI Companies Act definition
Examples of BVI Companies Act in a sentence
For the avoidance of doubt, any holder seeking to exercise dissenters' rights must do so strictly in accordance with Section 179 of the BVI Companies Act, including the requirement to deliver a written objection prior to the vote on the Merger (or, if no vote is required, prior to the Effective Time), to deliver a notice of election to dissent within the statutory periods and to comply with any deposit and certification requirements.
At the Effective Time, the effect of the Merger will be as provided in this Agreement, the Articles of Merger and the BVI Companies Act.
Without limiting the generality of the foregoing, and subject thereto, at the Effective Time, all the property, rights and privileges of the Target and Merger Sub shall vest in the Surviving Sub in accordance with the BVI Companies Act, and all debts, liabilities, obligations and duties of the Target and Merger Sub shall become debts, liabilities, obligations and duties of the Surviving Sub.
Dissenters' rights shall not be available to the extent excluded under Section 179(2) of the BVI Companies Act.
The Merger shall become effective at the time that the properly executed Articles of Merger are filed and accepted by the BVI Registrar or, to the extent permitted by the BVI Companies Act, at such later date and time as specified in the Articles of Merger provided that any such later date and time shall be within 30 days of registration by the BVI Registrar (the time at which the Merger becomes effective, the “Effective Time”).