Elevatech definition

Elevatech. Elevatech Limited, an indirect wholly-owned subsidiary of The ▇▇▇▇▇▇▇ ▇▇▇▇▇ Group, Inc. and the sole holder of all of the issued preferred shares of Windrace; “Elevatech Letter Agreement” the letter of agreement dated May 8, 2009 among Windrace, Elevatech, ▇▇. ▇▇▇ and RichWise providing for, among others, the Redemption; “Encumbrance” a mortgage, charge, pledge, lien, option, restriction, hypothecation, assignment, right to acquire, pre-emption right, third-party right or interest, other encumbrance, priority or security interest of any kind, or any other type of preferential arrangement (including, without limitation, a title transfer or retention arrangement) having similar effect, and any agreement or obligation to create or grant any of the aforesaid; “Escrow Agent” the escrow agent to be appointed under the Escrow Agreement; “Escrow Agreement” the escrow agreement to be made amongst the parties hereto and the Escrow Agent in accordance with Clause 4.1; “Facilities” loans, overdrafts, debentures, acceptance credits and all other indebtedness and financial facilities of any nature outstanding or available to any Windrace Group Company; “Founders” ▇▇. ▇▇▇, ▇▇. ▇▇▇▇ and Tiancheng;
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Elevatech. Elevatech Limited, an indirect wholly-owned subsidiary of The G▇▇▇▇▇▇ S▇▇▇▇ Group, Inc. and the sole holder of all of the issued preferred shares of Windrace; the letter of agreement dated May 8, 2009, between, among others, Windrace, Elevatech and M▇. ▇▇▇ providing for, among others, the Redemption; Deacons;
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Examples of Elevatech in a sentence

  • The Elevatech Letter Agreement is in the form and contains only such provisions which have been previously approved by the Purchaser and SPAC.

  • Windrace issued and allotted 2,500 preferred shares to Elevatech, an indirect wholly-owned subsidiary of The ▇▇▇▇▇▇▇ ▇▇▇▇▇ Group, Inc., representing 2.5% of the issued share capital of Windrace pursuant to a subscription agreement dated March 28, 2008 and last amended on June 2, 2008.

  • The terms and conditions of the Elevatech Letter Agreement have not been changed or varied prior to the signing of this Agreement and will not be changed or varied prior to Closing without the prior consent of the Purchaser and SPAC.

  • Save with the prior written consent of the Investors (which shall not be unreasonably withheld), or as expressly provided in this Agreement or actions necessary or desirable to effect the Elevatech Letter Agreement and the SPA, Windrace will not, and M▇.

  • Pursuant to the Elevatech Letter Agreement, all of the preferred shares will be redeemed by Windrace in exchange for the issue of the promissory note by Windrace to Elevatech, giving the holder the right to receive from Windrace HK$306,267,580.48 by the earlier of (i) five Business Days of the date of issue of the promissory note; and (ii) October 31, 2009, and US$1,000,000 on June 30, 2010.