Target Interest definition

Target Interest has the meaning set forth in Section 9.5(a).

Target Interest means the seventy-five percent (75%) membership interest in each of (i) Hotel Lessee Program and (ii) Hotel Investment Program, which is held by Seller as of the Closing Date, and which represents Seller’s entire interest in Hotel Lessee Program and Hotel Investment Program as well as Seller’s entire beneficial interest in the Property.

Target Interest means the 100% equity interests in the Target Company held by Party B which shall be acquired from Party B by Party A under this Agreement, for which Party A indirectly holds the equity interests and ownership of the subsidiaries, branches and schools of the Target Company.

Examples of Target Interest in a sentence

• The transactions in relation to the transfer of the Target Interest and Loan assignment contemplated under the Framework Agreement, if materialised, are expected to constitute a very substantial disposal transaction and a major financial assistance transaction, respectively.

• The Framework Agreement is legally binding on the parties save and except for the transactions in relation to the transfer of the Target Interest and Loan assignment which will be subject to further negotiation among the parties and the signing of the Formal Agreement.

• Upon completion of the Proposed Acquisition, the Company will indirectly hold the Target Interest through the Purchaser, and thus the Target Company will become an indirect non wholly-owned subsidiary of the Company.

• In the event that completion of the Proposed Acquisition takes place, the Company will indirectly hold the Target Interest through the Purchaser, and thus the Target Company will become a non wholly-owned subsidiary of the Company and the financial results of the Target Group will be consolidated into the financial statements of the Group.

• The Board wishes to announce that on 22 April 2020 (after trading hours), the Vendors, the Target Company and the Purchaser, a wholly-owned subsidiary of the Company, entered into the Framework Agreement in relation to the Proposed Acquisition, pursuant to which the Vendors have conditionally agreed to sell, and the Purchaser has conditionally agreed to acquire, the Target Interest at the Consideration of RMB247,904,000 in cash in accordance with the terms and conditions of the Framework Agreement.

More Definitions of Target Interest

Target Interest has the meaning set forth in Section 10.02(e)(i) hereof.

Target Interest means 51% equity interest in Shanghai Astrace

Target Interest means 90% of the equity interest in the Target Company to be

Target Interest means the following types of cargo or interest: new finished textiles, furs, perfume, alcoholic beverages, electronic goods, consumer appliances, video, audio and photographic equipment, finished tobacco products, china and glassware, works of art, firearms, explosives, red label chemicals, crude oil and gasoline.

Target Interest means 51% equity interest in Hubei Autoboom

Target Interest means interest and amounts in the nature of interest paid or payable in relation to any Financial Indebtedness of the Target Group Covenant Companies (other than Financial Indebtedness owed by one Covenant Company to another Covenant Company) excluding Securitisation Interest together with, to the extent that it is not Financial Indebtedness of Target Group Covenant Companies, any Financial Indebtedness under the Term A Facility, Term B Facility and the Revolving Facility (but excluding any Financial Indebtedness under the Term C Facility and the Cash Bridge Facility), including:

Target Interest means any partnership interest in Target.