Examples of Tender Offer Settlement in a sentence
If the Issuer determines that the Securities shall be terminated early, then the Issuer shall give not less than five Business Days' notice to the Securityholders to terminate the Securities and the Issuer's obligations under the Securities shall be satisfied in full upon payment of the Merger Event Settlement Amount (as defined below) (in the case of a Merger Event) or Tender Offer Settlement Amount (in the case of a Tender Offer).
On the Equity Tender Offer Settlement Date, the Purchasers shall, subject to the conditions provided in the Recapitalization Agreement, consummate the Equity Tender Offer and make payment for all Equity Interests accepted for payment.
If, following Tender Offer Settlement, Frontline holds at least such number of Euronav Shares as set out in Article 42 of the Takeover Decree, Frontline will proceed with a squeeze out in accordance with Article 42 of the Takeover Decree (the “ Squeeze-out”).
For the remaining Holders of Equity Interests, the Equity Tender Offer shall remain open for a minimum of twenty Business Days after (and including the day of) the commencement of the Equity Tender Offer and may be extended thereafter for additional periods of at least five Business Days, as may be required so that the Equity Tender Offer Expiration Date allows for the Equity Tender Offer Settlement Date to precede the Effective Date by at least four Business Days.
Bye-Laws • The first five bullet points and the seventh and eighth bullet point in Clause 2 (for the avoidance of doubt excluding the introduction to clause 2) and the board committee provisions of Clause 3, to be reflected in the Frontline Articles with changes to the bye- laws requiring 75% shareholder approval until the earlier of (i) completion of a Squeeze-out, (ii) Merger Completion or (iii) 30 months from the last Tender Offer Settlement.
As promptly as possible, following the Equity Tender Offer Expiration Date, but in no event later than three Business Days following the Equity Tender Offer Expiration Date, the Purchasers will accept for payment all Equity Interests validly tendered and not withdrawn pursuant to the Equity Tender Offer and cause the Equity Tender Offer Settlement Date to occur.
As soon as reasonably possible after the Agreement Date, the Parties shall initiate a process whereby Euronav merges into Frontline Cyprus, whereby all assets, rights and liabilities of Euronav are transferred from Euronav to Frontline Cyprus, with Frontline Cyprus as the surviving entity and Euronav dissolving without going into liquidation (the “ Merger”) as soon as reasonably possible following the Tender Offer Settlement.
The Dealer Managers will determine on the Pricing Date (i) the Purchase Price in relation to the 2020 Notes (the 2020 Notes Purchase Price) by reference to a fixed yield to maturity of 0 per cent.1 (the 2020 Notes Purchase Yield) and (ii) the Purchase Price in relation to the 2019 Notes (the 2019 Notes Purchase Price) by reference to a fixed yield to maturity of -0.05 per cent.2 (the 2019 Notes Purchase Yield), in accordance with market convention with reference to the Tender Offer Settlement Date.
Old Bonds accepted for purchase will be settled on a delivery versus payment basis with the Billing and Delivering Bank on the Tender Offer Settlement Date in accordance with customary brokerage practices for corporate fixed income securities.All Old Bonds that are tendered pursuant to Tender Orders placed through a Dealer Manager and accepted will be purchased by the Billing and Delivering Bank in such amounts as Paraguay shall determine and subject to the terms and conditions of the Offer to Purchase.
Should the Tender Offer Settlement Date be postponed, the 2019 Notes Purchase Price will be recalculated and will be announced, for information purposes only, as provided in the Tender Offer Memorandum.The Offeror will also pay an Accrued Interest Payment in respect of Notes accepted for purchase pursuant to the Offers.