Proposed Transaction definition
Examples of Proposed Transaction in a sentence
After conducting an analysis of the options available, including the Proposed Transaction, the Committee unanimously recommended the Proposed Transaction to the board of directors as being in the best interests of Aleafia and Xxxxxxx’s security holders.
Specific terms for the New Credit Facility will be confirmed upon execution of final funding agreements and will be subject to the completion of the Proposed Transaction.
Without limiting clause 5, where a party proposes to make any public announcement in connection with the Offer or the Proposed Transaction, it must to the extent practicable and lawful to do so, consult with the other parties prior to making the relevant disclosure and take account of any reasonable comments received from the other parties in relation to the form and content of the announcement or disclosure.
From an RWB perspective, Xx. Xxxxx Xx Xxx has a disclosable interest with respect to the Proposed Transaction given his involvement with certain affiliated parties that may be directors, creditors and/or shareholders of RWB and Aleafia, and which are owned and controlled by members of Xx. Xxxxx De Zen’s family.
The Proposed Transaction also provides a viable solution to address Aleafia’s financial stability, fund its ongoing operational expenses, service applicable debt requirements, and fund essential strategic projects.