Examples of Cayman Holdco in a sentence
Xxxxxx Title: Attorney-in-fact TOWERBROOK INVESTORS IV TEAM DAYBREAK, L.P. By: TowerBrook Investors IV Team Daybreak Cayman Holdco Ltd.
On the same day, the Cayman Holdco then transferred the shares of the BVI Holding Companies to the Trust by entering into sales and purchase agreement where the Trust issued Consideration Units to the Cayman Holdco as purchase consideration for the BVI Holding Companies.
The Cayman Holdco is a not a party to any litigation, arbitration or administrative proceedings which are in progress, threatened or pending by or against or concerning it or any of its assets.
All outstanding share(s) of the Cayman Holdco are duly authorized, validly issued, fully paid and non-assessable and not subject to or issued in violation of any purchase option, call option, right of first refusal, pre-emptive right, subscription right or any similar right under any provision of the laws and regulations of the Cayman Islands, the Cayman Holdco’s constitutional documents, or any agreement or contract to which the Cayman Holdco is a party or otherwise bound.
The Cayman Holdco has all requisite corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated herein.
When executed and delivered, this Agreement will be enforceable against the Cayman Holdco in accordance with its terms, subject to bankruptcy, insolvency and similar laws of general applicability as to which the Cayman Holdco is subject.
No other shares or other voting securities of the Cayman Holdco are issued, reserved for issuance or outstanding.
The Cayman Holdco is duly incorporated, validly existing and in good standing under the laws of the Cayman Islands and has full corporate power and authority and possesses all governmental franchises, licenses, permits, authorizations and approvals necessary to enable it to own, lease or otherwise hold its properties and assets and to conduct its businesses as presently conducted.
The time and location of the video-recording screening and details regarding the registration procedure shall be announced in due course.
Upon registering of the Selling Shareholder as the new owner of the Cayman Consideration Shares in the share register of the Cayman Holdco, the Selling Shareholder will receive good title to the Cayman Consideration Shares, free and clear of Encumbrances.