MIHC definition
Examples of MIHC in a sentence
The release of the MIHC Option by the Subscriber pursuant to Clause 2 and the grant of the New Option by King Digital Entertainment pursuant to Clause 3 shall take effect immediately upon the Share for Share Exchange being completed.
The New Option shall be granted upon and subject to the same terms and conditions as applied to the MIHC Option, as set out in the Option and Subscription Agreement but as if the amendments in Part 1 and Part 2 of the Appendix to this Agreement had been made to the Option and Subscription Agreement (subject in the case of the amendments in Part 2 to the Proposed Listing), and to the additional terms and conditions set out in this Agreement.
In consideration of the undertaking by King Digital Entertainment to grant the New Option, the Subscriber irrevocably agrees to irrevocably and unconditionally release the MIHC Option and all rights he has or may have under the Option and Subscription Agreement in respect of MIHC D1 Shares, and upon such release the MIHC Option shall be cancelled by MIHC.
Notwithstanding the release of the MIHC Option, the obligations of the Subscriber pursuant to Clause 4 of the Option and Subscription Agreement shall continue in effect and the power of attorney contained in Clause 9 thereof shall remain valid, binding and in existence.
In consideration of the agreement by the Subscriber to release the MIHC Option, King Digital Entertainment undertakes to grant the New Option.
As of the Effective Time, all shares of MIHC Preferred outstanding immediately prior to the Effective Time will be deemed to be no longer outstanding and will automatically be canceled and retired and will cease to exist, and each holder thereof will cease to have any rights with respect thereto, except for the right to receive shares of Parent Convertible Preferred and cash in amounts that are determined in accordance with this Agreement.
As of the Effective Time, all shares of MIHC Common Stock outstanding immediately prior to the Effective Time will be deemed to be no longer outstanding and will automatically be canceled and retired and will cease to exist, and each holder thereof will cease to have any rights with respect thereto, except for the right to receive shares of Parent Common Stock in amounts determined in accordance with this Agreement.
Use of the investment services to be provided by the Company is subject to the acceptance of this Risk Disclosure Statement.
The Replacement Option shall be granted upon and subject to the same terms and conditions as applied to the MIHC Option, as set out in the Option Agreement but as if the amendments in Part 1 and Part 2 of the Appendix to this Agreement had been made to the Option Agreement (subject in the case of the amendments in Part 2 to the Proposed Listing), and to the additional terms and conditions set out in the Agreement.
MMIUK distributes all of the issued and outstanding capital stock of MilBUK to MIHC.