GEPL definition
Examples of GEPL in a sentence
In such an event, the requirement for the presence of 1 (one) GoS/SPICL representative, 1 (one) GEPL representative and 1 (one) AGTPL representative shall not be a condition for constituting a valid quorum for such adjourned meeting of the Shareholders.
The presence of 1 (one) GoS/SPICL representative, 1 (one) GEPL representative and 1 (one) AGTPL representative shall be mandatory to form the requisite quorum for any Shareholders' meeting.
If at such adjourned meeting of the Shareholders, an AGTPL representative, GEPL representative or a GoS/SPICL representative is not present, but the number of representatives of the Shareholders present is sufficient to constitute a valid quorum under the Act, then the Shareholders present shall be deemed to constitute a valid quorum for that meeting.
In the event that any Shareholders wishes to Transfer any of the shares held by such Shareholder to any of its (i) Affiliates, (ii) Associates (only in case of AGTPL, and GEPL), (iii) PTC Associates (only in case of PTC) or (iv) third party, then such Transfer may be effected only after the transferor ensures that the transferee executes a deed of adherence agreeing to bind such transferee to the terms of these Articles in the same way that it bound such transferor.
In the event PTC desires to sell its shares (full or part), in the Company, it shall make a sale offer first to GEPL mentioning the sale price and if GEPL does not accept such offer within 30 (Thirty) days from the date of the offer, PTC shall be free to sell its shares (in part or full) to any other third person/party.
AGTPL, and GEPL and GoS/SPICL shall also be free to Transfer their shares to their respective Associates without any Transfer restrictions whatsoever.
However, prior to exercising its Drag along Right, AGTPL shall provide GEPL an opportunity to purchase the entire extent of Shares held by PTC on the same terms as stated in the Drag Along Notice.
If either AGTPL or GEPL desire to Transfer the Sale Shares to a third party and is the Selling Shareholder according to Article 169 above, the Selling Shareholder shall provide PTC a pro-rata tag along right based on the ratio of (x) the number of Sale Shares being sold by the Selling Shareholder to (y) the Selling Shareholder’s total shareholding in the Company (“Tag Ratio”).
In the event that GEPL does not exercise its right to purchase the entire extent of PTC’s shares and make payment to PTC for the same on the terms stated in the Drag Along Notice within 7 (Seven) days from the date of receipt of the Drag Along Notice, AGTPL shall be free to exercise its Drag Along Right and to require PTC to transfer the entire extent of shares held by PTC to the purchaser on the same terms as stated in the Drag Along Notice.
Gumala has developed a business enterprise unit known as Gumala Enterprises Pty Ltd (GEPL), and has entered into joint business ventures in transport, equipment hire and camp management services in the Pilbara region.