Share Swap Agreement definition
Examples of Share Swap Agreement in a sentence
It is understood and agreed by all parties to this Agreement that the Share Swap Agreement dated on June 12, 2014, entered into by the Company, EDC Holding Limited, Brilliant Wise Holdings Limited, and certain other entities, and the shares issued pursuant to such agreement and relevant resolutions are made for an inter-group restructuring purpose, and will not trigger the adjustment of the Conversion Price.
In the event the Share Swap Agreement is terminated prior to Completion and an External Loan or ASML Loan is then outstanding, the Parties shall first enter into good faith discussions within 30 days of such termination to seek a mutually acceptable resolution for repayment by HMI of the External Loan or the ASML Loan, as the case may be.
Since the entering into of the Second Supplemental Agreement to the Share Swap Agreement, Century City obtained in January 2004 the written in-principle approvals of the debt restructuring proposal from all its financial creditors.
After considering this benefit and the basis of determining the consideration under the Share Swap Agreement to result in no change in the beneficial interest in FCL Shares held by the parties thereto, the Board considers that the terms of the Share Swap Agreement are fair and reasonable and are in the interests of the Company and the Shareholders as a whole.
Apart from the aforesaid matters, there is no change to any other terms and conditions of the Share Swap Agreement and the Exchangeable Preference Shares.