Examples of JV Termination Agreement in a sentence
Further, in accordance with the JV Termination Agreement, the Murkumbi Group, who are also presently classified as a 'promoter' of the Target Company in accordance with the ICDR Regulations, shall be entitled, after completion of the Open Offer, to undertake all necessary steps and actions under applicable laws, including but not limited to Regulation 31A of the LODR Regulations, to declassify itself as a ‘promoter’ of the Target Company.
The Plan Administrator shall also have the discretionary authority, consistent with Code Section 162(m), to structure one or more DER Awards so that those Awards shall vest only after the achievement of pre-established corporate performance objectives based upon one or more Performance Goals measured over the performance period (not to exceed five (5) years) specified by the Plan Administrator at the time the Award is made.
The JV Terminations shall be evidenced by definitive agreements (each a "JV Termination Agreement") the forms and terms of which shall be subject to the approval of Parent, which approval shall not be unreasonably withheld or delayed.
In connection with the Debt Restructuring Package, the Acquirer, PAC, the Target Company, and the Murkumbi Group have executed the JV Termination Agreement on 9 March 2018, pursuant to which the earlier JVA entered into among them, governing their mutual rights and obligations as shareholders including but not limited to management rights, reserved matters and transfer restrictions, has been terminated.
The JV Termination Agreement contemplates that post completion of the Open Offer: (i) the Board of Directors shall be reconstituted such that the Acquirer will have a majority of non- independent directors on the Board of Directors and such number of directors nominated by the Murkumbi Group will resign as may be required to give effect to the above; (ii) Mrs.
After the completion of this Open Offer, and pursuant to the acquisition of the Acquired Shares and implementation of the terms of the JV Termination Agreement, the Acquirer will exercise a significant degree of control over the Target Company.
Pursuant to the JV Termination Agreement, post the completion of the Open Offer, as detailed in paragraph 2.1.6, (i) the Board of Directors shall be reconstituted such that the Acquirer will have a majority of non-independent directors on the Board of Directors and such number of directors nominated by the Murkumbi Group will resign as may be required to give effect to the above; (ii) Mrs.
Mr Daly, together with Mr Nielsen and Mr Raftery, was asked by Mr Williams to approve the issue by Endeavour of the Third PDS dated 24 June 2016 and he did so.
Upon the conversion of CCPS into the Acquired Shares and execution of the JV Termination Agreement by the Acquirer and PAC, as detailed in paragraph 2.1.6, the Acquirer will continue to be classified as a ‘promoter’ of the Target Company in accordance with the ICDR Regulations.
Upon completion of the Open Offer, the Board of Directors shall be reconstituted in accordance with the JV Termination Agreement, as detailed in paragraph 2.1.6.