TINC definition
Examples of TINC in a sentence
In the event that an item of Indebtedness meets the criteria of more than one of the types of Indebtedness described in Section 4.06(a), TINC shall be permitted, in its sole discretion, to divide, classify or reclassify all or a portion of such item of Indebtedness and only be required to include the amount of such Indebtedness in one of such clauses of Section 4.06(a).
The proceeds of the Securities shall be used by the Company to make one or more intercompany loans to TINC or other non-Swiss Affiliates of TINC for the purpose of partially financing the construction, acquisition, improvement, alteration or repair of the Collateral Rig and to fund the Debt Service Reserve Account to be maintained by the Trustee in accordance with the terms of Section 7.10.
A payment to the Collateral Agent in accordance with this loss payable clause, to the extent of that payment, shall discharge the liability of the insurer to pay the Owner, TINC, the Operator or any other claimant insured party.
The following risk factors may affect the business, financial condition, results of operations and prospects of TINC and the value of an investment in TINC.
TINC will aim at becoming a reference point for market and business process re-engineering and for strategic decision-making support in the field.
The maximum dilution for TINC Manager, TDP, the Other Shareholders and the Principal Shareholders would be 52%, based on a full subscription of the Primary Offering.
TINC, the Principal Shareholders and TDP have granted the Underwriters an Over‐allotment Option, exercisable for a period of 30 calendar days from the Listing Date, to purchase a maximum number of Shares equal to 15% of the number of Offer Shares that will be allocated in the Base Offering (the “Over‐allotment Shares”) at the Offer Price for the sole purpose of allowing the Global Coordinators to cover over‐allotments, if any.
In addition to being a Global Coordinator, Belfius is a shareholder of TINC and a 50% shareholder of TDP, which controls the Statutory Manager of the Company.
The Principal Shareholders are committed to continue supporting the Company through their shareholding and involvement in the management through TINC Manager, the Statutory manager of the Company, which they control.
TINC will have an especially strict collaboration with two technical partners (i.e. Valtech and Motorola) for the definition of successful business models for e-commerce and WAP services for the culture sector.