CHINC definition
CHINC. (Comasec Holding, Inc., a Connecticut corporation) to redeem all of the issued and outstanding shares of capital stock of CHINC held by the Company (the "Redemption") for an aggregate purchase price of USD 27,350,000 plus (a) the total amount of after-tax cash consideration paid to the US Subsidiaries for the Divested Subsidiaries as of the Effective Date to the extent such consideration is retained by the US Subsidiaries after the Redemption; minus (b) the sum of the total amount of the Net Financial Indebtedness of the US Subsidiaries as of the Effective Date to the extent such indebtedness remains unpaid after the Redemption plus the Divestiture Expenses, if any, paid or incurred by any US Subsidiary. All computations set forth in the immediately preceding clauses (a) and (b) shall be determined in accordance with Article II of the Purchase Agreement.
Examples of CHINC in a sentence
In addition, Buyer shall deliver to Bacou USA promptly following the consummation of the Merger complete and correct minute books, stock certificate books and stock transfer ledgers of each US Subsidiary and the stock certificates of the Subsidiaries of CHINC.