Ultimate Investor definition
Examples of Ultimate Investor in a sentence
If the Ultimate Investor fails to comply with its obligation pursuant to the preceding sentence, it shall pay to the Slovak Party a contractual penalty in the amount of one million Euros (€ 1,000,000) for each breach of such obligation.
The Ultimate Investor shall, within a reasonable period, however not later than five (5) Business Days after the request of the Slovak Party, procure a remedy of the failure of the relevant SSE Group Company to provide information to the Slovak Party Nominees.
For the purposes of this Clause 26.3, references to an indirect shareholding are references to ownership of shares in a company which holds any direct or indirect shareholding in the Ultimate Investor (other than shares in a publicly traded company).
The Ultimate Investor shall procure that members of the Special Information Committee shall have full access to information specified in (a) and (b) above, subject to the execution by them of an appropriate confidentiality agreement with regard to such information.
The Producer must also provide the LCHA Counterparty with a KYC Notice in the event of any proposed or actual: (a) change of the Producer's legal name; (b) Change of Ownership; (c) transaction(s) that would result in Significant Common Ownership; (d) change of Ultimate Investor; (e) appointment of a director of the Producer; and/or (f) change of the Producer's legal jurisdiction.
The Ultimate Investor shall procure that the employees of the relevant SSE Group Company provide maximum possible assistance to the Slovak Party Nominees conducing such due diligence.