Examples of Intermediate Companies in a sentence
Upon any exercise of the Exclusion Right, all rights and obligations of CKA Sub, CKH Sub and CKHH under the CKA Agreement in connection with the Specified Companies (and any other Intermediate Companies or Subject Group Companies directly or indirectly held thereby or attributable thereto) will cease immediately, save and except, among other things, the then accrued rights and obligations of the parties.
The CKA Directors considered that the CKA Agreement would allow the utilisation of the excess funds within a relatively short time-frame and could provide CKA Sub and the CKA Group with the immediate opportunity to earn a reasonable return based on the performance of the portfolio of infrastructure assets which comprise the Relevant Businesses owned by CKII (through the Intermediate Companies), and thereby generate stable investment income for CKA Sub and the CKA Group.
Termination of any Concession Advertising Rights Agreements to which any PRC Operating Company is a party or the failure of any Intermediate Companies to obtain or maintain any Concession Advertising Rights which could reasonably be expected to have a Material Adverse Effect.
The Lender may enforce any of its rights under this Undertaking directly against the Intermediate Companies in accordance with the principles contained in the Danish Act on Civil Procedure, sec.
Following the Merger, PowerGen and each of the Intermediate Companies will register under section 5 of the Act.Summary of ProposalsPowerGen proposes to acquire all of the issued and outstanding common stock of LG&E Energy 3 (‘‘LG&E Energy Common Stock’’).
Each of the Intermediate Companies represents and warrants in favour of the Lender that, to the best of its knowledge, there is no misstatement of information or omission of information which makes any statement contained in the Loan Agreement false or misleading.
Applicants request that the Commission disregard:(1) For purposes of calculating the percentage limitation of rule 58, nonutility investments made by LG&E Energy prior to the effective date of rule 58; and (2) for purposes of applying section 11(b)(2) of the Act, the existence in the corporate structure of the Intermediate Companies and KU.
As the investments of the said non-executive Director and executive Director, as connected persons of the Company, in the investment instruments to the NY Intermediate Companies through such employee co-investment mechanism, in aggregate, is less than HK$3 million, such co-investment will be regarded as a fully exempt connected transaction on the part of the Company.
Following consummation of the Merger, PowerGen and each of the Intermediate Companies intend to register under section 5 of the Act as public utility holding companies.PowerGen presently intends tofinance the acquisition of the LG&E Energy Group from, among other things, borrowings under a fully committed bank facility that PowerGen and US Holdings established on February 27, 2000 (‘‘Credit Facility’’).
Each of the Intermediate Companies has made certain representations and warranties and undertakings in favour of the Lender under the Loan Agreement.