Second Sale definition
Examples of Second Sale in a sentence
The price for such purchase of the Second Sale Stock shall be the Second Sale Stock Consideration as set forth in Clause 10.
It is accepted and understood that the Vendor only gives the title warranties in respect of the Second Sale Stock at Second Closing and that neither the Corporation nor CDT UK will give any warranties at Second Closing.
Such acknowledgement shall not relieve the Southern California Edison Company of any of its obligations to make payments in accordance with the terms of the Initial Sale Agreement, the Second Sale Agreement and the Sale Agreement, nor shall it relieve the Initial Servicer, the Second Servicer or the Servicer of their obligations under the Initial Servicing Agreement, the Second Servicer and the Servicing Agreement, respectively.
Within 180 days of the Second Sale Date, and annually by January 31st of each calendar year thereafter, the Servicer shall, in accordance with its servicing standard, prepare a written plan with respect to the servicing of the Tax Liens required to be serviced hereunder.
As the Proposed Annual Caps exceed HK$10,000,000 and one or more of the relevant applicable percentage ratios calculated under Rule 14.07 of the Listing Rules exceeds 5%, the Second Sale Framework Agreement constitutes non-exempt continuing connected transactions for the Company under Chapter 14A of the Listing Rules and is therefore subject to reporting, announcement and independent shareholders’ approval requirements.
As Aviation Industry and its associates are connected persons of the Company under Chapter 14A of the Listing Rules, the Second Sale Framework Agreement constitutes continuing connected transactions on the part of the Company under Chapter 14A of the Listing Rules.
The Performance Criterion is as follows: by the second anniversary of the Second Sale Date, the Servicer shall have collected 40% of the Initial Tax Lien Principal Balance of the Tax Liens being serviced hereunder as of such anniversary; or by the fourth anniversary of the Second Sale Date, the Servicer shall have collected 70% of the Initial Tax Lien Principal Balance of the Tax Liens being serviced hereunder as of such anniversary.
Pursuant to Rule 14A.81 of the Listing Rules, the transaction contemplated under the Second Sale Framework Agreement is required to be aggregated with the transactions under the First Sale Framework Agreement.
Once the Registration Statement becomes effective, the Holder may not sell more than (i) 333,334 Shares during the thirty-day period (the "First Sale Period") following effectiveness, (ii) 666,667 Shares, less any Shares sold during the First Sale Period, during the thirty-day period following the First Sale Period (the "Second Sale Period") or (iii) 1,000,000 Shares, less any Shares sold during the First Sale Period and Second Sale Period, during the thirty-day period following the Second Sale Period.
The Parties agree that the Second Sale Option (or any portion thereof) will not be exercisable at any time on or following the Second Sale Option Expiration Date.