Squeeze-Out Procedure definition

Squeeze-Out Procedure means the procedure set out in Chapter 22 of the Swedish Companies Act (and including appointment of arbitrators and the composition of an arbitration tribunal) for the compulsory acquisition of any share, warrant and/or convertibles in the Target that have not been acquired under the Offer.

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Squeeze-Out Procedure means the procedure to be implemented following the date on which the Takeover Offer is declared or becomes unconditional in all respects under sections 979 to 982 (inclusive) of the Companies Act to acquire all of the outstanding shares of RPC which Acquisition SPV has not acquired, contracted to acquire or in respect of which it has not received valid acceptances.

Squeeze-Out Procedure means, if applicable, the procedure set out under Chapter 3 of Part 28 of the Companies ▇▇▇ ▇▇▇▇ that allows the Offeror to compulsorily acquire the Target Shares of a shareholder in the Target that has not accepted the Offer.

Examples of Squeeze-Out Procedure in a sentence

As soon as reasonably practicable following the acquisition (including, by virtue of the Offer or by any separate contract) by it of effective ownership and control of more than ninety percent (90%) of the shares of Target, the Borrower will implement the Squeeze-Out Procedure and seek to obtain advance access (Sw: förhandstillträde) to the shares of Target as soon as commercially reasonable.
The proceeds of the Loans will be used solely to finance any amount payable under or in connection with the Sigma Acquisition and the acquisition of any Target Shares to be acquired after the Sigma Acquisition Completion Date pursuant to a Squeeze-Out Procedure and to pay fees and expenses incurred in connection with the Transactions and the Sigma Acquisition.
If the Acquisition proceeds by way of an Offer and the Company does not acquire sufficient Target Shares to initiate the Squeeze-Out Procedure, the Consolidated Total Net Leverage Ratio and Consolidated Senior Secured Net Leverage Ratio shall be an adjusted figure which grosses up any indebtedness which cannot be serviced without dividend leakage by reference to the percentage of shares in the Target owned by the Company at the time of testing (pro forma for any related transaction).

More Definitions of Squeeze-Out Procedure

Squeeze-Out Procedure means the procedure to be implemented following the date on which the Offer is declared or becomes unconditional in all respects under sections 979 to 982 (inclusive) of the Companies Act of 2006 to acquire all of the outstanding Target Shares which Acquisition SPV has not acquired, contracted to acquire or in respect of which it has not received valid acceptances.

Squeeze-Out Procedure means the compulsory acquisition procedure (uitkoopprocedure) in accordance with section 2:92a or section 2:201a of the DCC or the takeover buy-out procedure in accordance with section 2:359c of the DCC, pursuant to which the Borrower can buy out the remaining holders of J▇▇▇▇▇ ▇▇▇▇▇▇.

Squeeze-Out Procedure means either: (i) the Merger Squeeze Out Procedure; or (ii) the Two Per Cent Squeeze Out Procedure.

Squeeze-Out Procedure means, if the Acquisition is implemented by way of an Offer, the acquisition of the outstanding shares in Target that the Company has not acquired pursuant to the procedures contained in section 979 to 982 of the Act.

Squeeze-Out Procedure means any acquisition for cash made by Nordax Bank in accordance with (a) section 4-25 of the Norwegian Companies Act or (b) section 6-22 of the Norwegian Securities Trading Act for the compulsory acquisition of any minority shareholding in the Target, in each case once 90 per cent. or more of the shares and votes of the Target is owned by Nordax Bank.

Squeeze-Out Procedure means, if the Acquisition is implemented by means of an Offer and if applicable, the procedure to be implemented following the Unconditional Date under Chapter 3 of Part 28 of the Act to acquire all of the outstanding Target Shares which Bidco has not acquired, contracted to acquire or in respect of which it has not received valid acceptances.

Squeeze-Out Procedure means, if the Company becomes entitled to give notice under section 979 of the Companies Act 2006, the procedure to be implemented following the Offer Unconditional Date under section 979 of the Companies Act 2006 to acquire all of the outstanding shares in the Target that the Company has not acquired, contracted to acquire or in respect of which it has not received valid acceptances; "Squeeze-Out Settlement Date" means the last date on which the consideration is paid to shareholders of the Target in relation to the Squeeze-Out Procedure;