Cayman Entity definition

Cayman Entity means an exempted company or an exempted limited duration company under the Companies Law (2007 Revision), an exempted limited partnership under the Exempted Limited Partnership Law (2007 Revision) and includes any additional persons so designated under section 3(6);
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Examples of Cayman Entity in a sentence

  • At the time of the execution of the Security Agreement, the Borrower is a Cayman Entity (as defined in the Cape Town Law) which has made an election in writing pursuant to clause 3(2) of the Cape Town Law that the Cape Town Law shall apply to it generally, and has the power to “dispose” of the Airframe and each Engine in accordance with the terms of the Security Agreement.

  • To the extent that International’s Investments in New UK Holdco and New Cayman Entity in connection with their formation prior to the effectiveness of this Amendment results in an Event of Default, the Lenders party hereto waive such Event of Default.

  • Nothing in this Section authorizes the Borrowers or any of their Subsidiaries to make Investments in New UK Holdco or New Cayman Entity prior to the effectiveness of this Amendment in an aggregate amount in excess of U.S. $60,000.

  • The purchase price of all equity interest held by the Shareholder in the Company purchased by Cayman Entity by exercising the Equity Interest Purchase Option shall be the lowest price permitted by the applicable laws; if Cayman Entity exercises the Equity Interest Purchase Option to purchase part of the equity interest held by the Shareholder in the Company, the purchase price shall be calculated pro rata.

  • The Parties have agreed in the Loan Agreement that any proceeds obtained by the Shareholder through the transfer of its equity interest in the Company shall be used for repayment of the loan provided by Cayman Entity in accordance with the Loan Agreement.

  • Except for Cayman Entity and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interest held by the Shareholder in the Company.

  • This Agreement shall be effective from (the “Effective Date”), and remain effective until all of the equity interest held by the Shareholder in the Company has been transferred or assigned to Cayman Entity and/or any other person designated by Cayman Entity in accordance with this Agreement.

  • The “Shareholder’s Equity Interest Pledge Agreement” as used in this Agreement shall refer to an equity interest pledge agreement executed by and among Cayman Entity, Shareholder and the Company as of and any modification, amendment and restatement thereto.

  • This Agreement is irrevocable to the Shareholder and the Company and can only be unilaterally revoked or terminated by Cayman Entity.

  • Regular employees laid off from the same classification in another City department and regular employees on a Layoff Transfer List.