Target BVI definition
Examples of Target BVI in a sentence
This Agreement and the Tax Indemnity constitute the entire agreement and understanding between the parties in connection with the sale and purchase of the Target BVI Shares.
The Target BVI Shares shall be sold free from all Encumbrances, together with all rights attaching to them.
By a Conditional Sale and Purchase Agreement dated 28 April 2004 (the “Agreement”) made between the Vendor, the Warrantor and the Purchaser, the Vendor has agreed to sell and the Purchaser has agreed to purchase the Target BVI Shares (as defined in the Agreement) on the terms and conditions therein contained.
By a Conditional Sale and Purchase Agreement dated 16 May 2002 (the "AGREEMENT") made between the Vendor, the Warrantor and the Purchaser, the Vendor has agreed to sell and the Purchaser has agreed to purchase the Target BVI Shares (as defined in the Agreement) on the terms and conditions therein contained.
On 4 October 2000, the Board of Directors announced that the Company had entered into the Acquisition Agreement, pursuant to which the Company agreed to acquire, and CMBVI, the Company's immediate controlling shareholder, agreed to sell, the entire issued share capital of each of the Target BVI Companies, subject to certain conditions.
The Acquisition is in respect of the entire issued share capital of all seven Target BVI Companies.
No Intellectual Property Rights owned or used by the Target Company and no licence of Intellectual Property Rights of which the Target Company has the benefit will be lost, or rendered liable to any right of termination or cessation by any third party, by virtue of the acquisition by the Purchaser of the Target BVI Shares.
The Company has agreed, subject to certain conditions, to acquire from CMBVI the entire issued share capital of each of the Target BVI Companies for a total purchase price of HK$256,021 million (equivalent to approximately US$32,840 million).
This Agreement constitutes the entire agreement and understanding between the parties in connection with the sale and purchase of the Target BVI Shares.
Target BVI directly owns the entire issued share capital of Target HK, which in turn directly owns approximately 41.67% equity interest in Target PRC.