Examples of Main Subscription Agreement in a sentence
The Main Subscription Agreement is not conditional on the Hutchison Subscription Agreement and the Placing Agreement.
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Completion of the Hutchison Subscription Agreement and the Placing Agreement are conditional on the Main Subscription Agreement becoming unconditional.Prior to the date of this announcement, the Incoming Investors, Trumpington, Hutchison, Ericsson, Investor AB and persons acting in concert with any of them for the purposes of the Takeovers Code did not own any Shares.
In addition, if the Whitewash Waiver is not granted by the SFC, the Main Subscription Agreement will lapse and the Transactions will not proceed.THE HUTCHISON SUBSCRIPTION AGREEMENTDate25th March, 2000PartiesTrumpington (a wholly-owned subsidiary of Hutchison) and the Company.
Guoco Group has agreed to grant, conditional on completion of the Main Subscription Agreement, an option for the Company to sell all (but not part of) the shares in each of the Property-owning Companies, at an aggregate consideration of about HK$606.7 million to Guoco Group from (and excluding) the first anniversary of the date of Completion to (and including) the day which falls six months thereafter.
Under the Main Subscription Agreement, the Company has conditionally agreed to sell to Guoco Group its entire interest in the issued share capital of the JVs (under the JV Sale Agreements), Tai Po Limited and Courtenay Enterprises Limited (under the Tai Po/Courtenay Sale Agreement), which together hold all the development properties of the Group, for a total consideration of about HK$114.0 million.
It is expected that the date of completion of the Main Subscription Agreement will be in late May or early June, 2000.
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CompletionCompletion will take place on the business day following the day on which the conditions of the Main Subscription Agreement have been satisfied in full or such other date as may be agreed between the parties.
Failure of the CITY or PSJMC to insist upon performance of any of the terms and conditions of this Agreement, or to exercise any right or privilege contained in this Agreement, or the waiver of any breach of the terms and conditions of this Agreement shall not be considered as thereafter waiving any such terms, conditions, rights or privileges, and the same shall continue and remain in force and effect as if no waiver had occurred.