Examples of Secondary Sellers in a sentence
The consideration has been arrived at based on the fair value of GEHI’s education business in the PRC, and may be settled by the proceeds to be received by the Secondary Sellers under the GEHI Share Purchase Agreement.Upon completion of the GEHI Divestiture as contemplated under the GEHI Divestiture Agreement, GEHI will cease to conduct any education business in the PRC, and will only engage in education business in Singapore.
This Bid may also be awarded up to TWO (2) Secondary Sellers whose response meets the minimum requirements as stated in this Bid document as well as having the highest number of points as described in the “Evaluation of Bid”.
To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the Secondary Sellers and their respective ultimate beneficial owners are third parties independent of the Company and its connected persons.
All Secondary Sellers to such resale transactions shall promptly provide to Servicer a copy of the Participation Certificates representing such resold interests.
Effective as of the Initial Closing Date, Seller shall cause the Secondary Sellers to sell, transfer and assign the Secondary Sellers’ Shares to Purchaser.
The Secondary Sellers shall have entered into Secondary Share Purchase Agreements substantially in the form attached as Exhibit 5.1 hereto (the “Secondary Share Purchase Agreements”), each providing for the sale, assignment and transfer of the amount of shares set forth on Exhibit B next to each Secondary Seller at a per share purchase price of EUR 25.94.
The consideration has been arrived at based on the fair value of GEHI’s education business in the PRC, and may be settled by the proceeds to be received by the Secondary Sellers under the GEHI Share Purchase Agreement.
With reference to the Board Letter, contemporaneously with the execution of the Merger Agreement: • The Secondary Sellers and ND (BVI) entered into the GEHI Share Purchase Agreement, pursuant to which ND (BVI) has agreed to purchase from the Secondary Sellers the Secondary Sale Shares (being 8,588,960 GEHI Class A Shares, representing approximately 30% of the issued share capital of GEHI as at the Latest Practicable Date) at an aggregate consideration of US$15 million (i.e. the Secondary Sale).
The Secondary Sellers profited from their scheme when they sold IRL shares to2 Plaintiffs at an inflated price.
All Secondary Sellers to such resale transactions shall promptly provide to Servicer a copy of the Loan Participation Certificate representing such resold interests.