Profit Guarantee definition
Examples of Profit Guarantee in a sentence
As disclosed in the Previous Announcement, (i) the consideration under the Original SPA is subject to adjustment; and (ii) the Profit Guarantee amounts under the Original PGIA will be determined, in each case, in accordance with the filing result of the valuation report in relation to Tongcheng New Energy with the Competent Office(s) of the SASAC.
The Profit Guarantee Indemnity Agreement will become effective after satisfaction of, among other things, (i) the Conditions Precedent and (ii) the Agreement has become effective and has completed.
Depending on the outcome of the determination on satisfaction of the Profit Guarantee, the Released Bonds will be automatically converted into Shares at 4:00 p.m. of the Maturity Date, and the Surrendered Bonds will forthwith be surrendered to the Purchaser for the Company’s cancellation by way of compensation upon the determination of the Profit Guarantee on the Settlement Date.
The Profit Guarantee shall be secured by way of Consideration Shares to be pledged by the Busway Vendors and Mittric Vendors respectively and deposited with a trust company in Malaysia to be identified and appointed later (“Trustee”) as security for the Profit Guarantee (“Pledged Shares”), within 1 business day after the issuance of Consideration Shares to the Vendors upon completion of the Busway SSA and Mittric SSA.
As disclosed in the Announcement, the Profit Guarantee amounts for the relevant financial years for each of the Target Companies under the respective Profit Guarantee Indemnity Agreements shall be determined upon the valuation reports of the Target Companies have been issued and approved by the SASAC Authorised Office(s).
Each Party hereby irrevocably waives, with respect to the option grants to be made pursuant to the ESOP, the requirement that the Company must achieve the Net Profit Guarantee prior to such option grants being made.
The Consideration has been determined after arm’s length negotiations between the Purchaser and the Sellers and on normal commercial terms, with reference to, among others, all the Profit Guarantee (as defined below) and the business prospect of the Target Company.
For the purpose of this Clause 6.11, E-Dictionary Business Profit Guarantee and Main Business Profit Guarantee hereinafter referred to as “Profit Guarantee” collectively.
In the event of a capitalization issue by conversion or bonus issue by Luoyang Glass during the Profit Guarantee Period, the quantity of Luoyang Glass A Shares to be compensated under the Profit Guarantee Indemnity Agreement will be correspondingly adjusted.
Provided that the profit after tax of the Company for any year could not meet the above requirement under the Profit Guarantee, the Transferors and ▇▇.