EDBI definition
Examples of EDBI in a sentence
EDBI further represents and warrants to and for the benefit of the Agent and each of the Banks that EDBI is, on the date of this Agreement, the legal and beneficial owner of not less than 19 per cent.
Based on the participation ratio set forth in Section 1.02, third paragraph, EDBI, Philips and TSMC will have the right to nominate one (1), three (3) and two (2) member(s) to the SSMC Board of Directors, respectively, at the time referenced in the preceding sentence.
EDBI will use all reasonable endeavours to assist SSMC in securing a Lease Agreement covering land and buildings at the Pasir Ris Wafer Fab Park with Jurong Town Corporation on most favorable terms and conditions.
For avoidance of any doubt, it is hereby confirmed that upon a permitted transfer of EDBI’s shares to a third party, EDBI has the option to transfer in accordance with the terms of this Agreement its consent-rights set forth herein (including EDBI’s right to appoint one member of the Board of Directors) to such third party if such third party purchases at least half the total number of shares subscribed by and issued to EDBI.
EDBI further represents and warrants to and for the benefit of the Security Trustee and each of the Secured Parties that EDBI is, on the date of this Agreement, the legal and beneficial owner of not less than 19 per cent.
EDBI, Philips and TSMC entered into a Shareholders Agreement dated 2 March 1999 (“Shareholders Agreement”) concerning the setting up and operation of Systems on Silicon Manufacturing Company Pte Ltd (“SSMC”).
Upon amendment of the Articles of Association of SSMC as aforesaid, the Shareholders shall subscribe to, shall pay for and shall be issued new shares in SSMC such that (i) EDBI shall hold twenty percent (20%) of SSMC’s then outstanding ordinary shares; (ii) Philips shall hold forty-eight percent (48%) of SSMC’s then outstanding ordinary shares; and, (iii) TSMC shall hold thirty-two percent (32%) of SSMC’s then outstanding ordinary shares.
EDBI shall in no way be liable for the costs incurred during handling, installation, transport of the battery, consequential, incidental, indirect, special and punitive damages or for the work carried out or the costs incurred in as part of a repair.
Ltd., a corporation established under the laws of Singapore ("EDBI"), Canon Inc., a corporation of Japan ("CANON"), Hewlett-Packard Company ("HP"), a Delaware, U.S.A., corporation, and Hewlett-Packard Singapore (Private) Limited, a corporation established under the laws of the Republic of Singapore ("HPSG") (as amended, the "SHAREHOLDERS' AGREEMENT"), for the purchase by MICRON, and the sale by TECH to MICRON of PRODUCTS.
Each party hereto understands that the other parties are entering into this Agreement and subscribing to shares in SSMC in reliance upon the continuing involvement of the other parties in the business affairs and operations of SSMC, Philips and TSMC as business and technology partners and EDBI as a business investment promoter and financial shareholders for a limited period of time.