Examples of Intermediate Companies in a sentence
Upon any exercise of the Exclusion Right, all rights and obligations of CKA Sub, CKH Sub and CKHH under the CKA Agreement in connection with the Specified Companies (and any other Intermediate Companies or Subject Group Companies directly or indirectly held thereby or attributable thereto) will cease immediately, save and except, among other things, the then accrued rights and obligations of the parties.
The CKA Directors considered that the CKA Agreement would allow the utilisation of the excess funds within a relatively short time-frame and could provide CKA Sub and the CKA Group with the immediate opportunity to earn a reasonable return based on the performance of the portfolio of infrastructure assets which comprise the Relevant Businesses owned by CKII (through the Intermediate Companies), and thereby generate stable investment income for CKA Sub and the CKA Group.
Upon completion of the Equity Transfer and the Reorganisation, the Company and the Purchaser will hold 49% and 51% of the issued share capital of the Target Company, respectively, and each of the Target Company, the Intermediate Companies and the Project Companies will cease to be a subsidiary of the Company and the accounts of which will no longer be consolidated with those of the Group.
Following consummation of the Merger, PowerGen and each of the Intermediate Companies intend to register under section 5 of the Act as public utility holding companies.PowerGen presently intends tofinance the acquisition of the LG&E Energy Group from, among other things, borrowings under a fully committed bank facility that PowerGen and US Holdings established on February 27, 2000 (‘‘Credit Facility’’).
Upon any exercise of the Exclusion Right, all rights and obligations of the Relevant Subsidiary, CKH Sub and CKHH under the Relevant Agreement in connection with the Specified Companies (and any other Intermediate Companies or Subject Group Companies directly or indirectly held thereby or attributable thereto) will cease immediately, save and except, among other things, the then accrued rights and obligations of the parties.
Approximately 50.17% of the investment instrument made to each of the NY Intermediate Companies is and will continue to be indirectly held by the NY Vendor after completion of the New York Investment Instrument Acquisition.
Without the consent of the other shareholders and unless otherwise provided for in the Equity Transfer and Cooperation Agreement, each shareholder shall not transfer or pledge any of its equity interest in the Target Company, the Intermediate Companies and the Project Companies to any third party, other than pursuant to employee investment schemes.
Following the Merger, PowerGen and each of the Intermediate Companies will register under section 5 of the Act.Summary of ProposalsPowerGen proposes to acquire all of the issued and outstanding common stock of LG&E Energy 3 (‘‘LG&E Energy Common Stock’’).
Applicants request that the Commission disregard:(1) For purposes of calculating the percentage limitation of rule 58, nonutility investments made by LG&E Energy prior to the effective date of rule 58; and (2) for purposes of applying section 11(b)(2) of the Act, the existence in the corporate structure of the Intermediate Companies and KU.
The Intermediate Companies have been or will be formed prior to consummation of the proposed merger described in the filing.