Strategic Sale definition

Strategic Sale means (i) the Transfer of 50% (fifty percent) or more of Shares on a Fully Diluted Basis of the Company; (ii) a transfer of the Control of the Company or its Subsidiaries to any Person who is not a party to the Agreement except for Transfers to Affiliates as may be permitted in the Agreement and these Articles; or (iii) the sale, assignment, securitization (including pass through certificates) or licensing of all or substantially all of the Business or Assets or loan portfolio or the Intellectual Property of the Company or its Subsidiaries, in each case whether achieved through one or more transactions;

Strategic Sale means a sale of the whole or a substantial part (being more than 90% of the consolidated gross assets)of the business assets and undertaking of the Group (taken as a whole);

Strategic Sale means the sale of the entire Shares of the Investors and the Promoters (and the Shares of such other Shareholders as may be negotiated at the relevant time), to a Buyer in accordance with Article 118 (Strategic Sale).

Examples of Strategic Sale in a sentence

• The covering envelope on the package containing the Financial Bid must be clearly marked 'Private and Confidential - Financial Bid for Strategic Sale' and include on the envelope the name of the contact person and address of the Bidder (to whom any unopened Financial Bid should be returned).

• However, the COC margin is released faster, crosses over and becomes lower than the percentile margin.

• The proposed Strategic Sale process, consequent to the submission of EOI, involves a detailed due diligence exercise to be undertaken by the Bidder followed by submission of a Financial Bid.

• The purpose of the due diligence programme is to provide the Bidder an overview of the Strategic Sale programme and a detailed information on the company's businesses.

• A certificate duly signed by our Company Secretary/ any other officer in charge of legal affairs, stating that we are eligible to participate in the proposed Strategic Sale in terms of Clause of our Memorandum and Articles and Association (or any other Constitution Document).

More Definitions of Strategic Sale

Strategic Sale shall be defined as the sale by Alleghany Insurance Holdings LLC (hereinafter referred to as "AIHL") of securities representing a majority of the voting power in DPU (determined on an as-converted basis) and/or Reinsurer to an insurance company or an insurance holding company. For purposes of this Article 18, "Financial Sale" shall be determined as the sale by AIHL of securities to financial investors (i.e., investors which are not insurance companies or insurance holding companies) which would cause AIHL's voting interest in DPU (determined on an as-converted basis) and/or Reinsurer to drop below 35%.

Strategic Sale means the sale, liquidation or disposition or (including by way of merger or consolidation, regardless of whether the Parent or the Original Borrower are the surviving or resulting corporation) of stock or assets accounting for ninety per cent. (90%) or more of the total value of all Group Assets or generating ninety per cent. (90%) or more of all Group Resources.

Strategic Sale means a bona fide arm's length transfer to a Third Party Purchaser (or group of directly or indirectly related Third Party Purchasers) (whether through a single transaction or a series of related transactions) of all of the Shares held by the Shareholders;

Strategic Sale means sale of majority shareholding (>50%) of the Company for cash or listed securities, at a valuation of minimum of Rs. 110,00, 00,00,000/- (Rupees Eleven Thousand Crores only);

Strategic Sale means any sale of Shares to a Strategic Investor.

Strategic Sale means a Sale of Capital Securities to a Strategic Buyer, which Sale, either alone or when combined with such Strategic Buyer’s pre-existing ownership of Capital Securities, will result in such Strategic Buyer Beneficially Owning a majority of the Capital Securities of the Company on a fully diluted basis. “Subject Shares” shall have the meaning set forth in Section 3.3. “Subsidiary” means, as regards the parties to this Agreement, any Person who, directly or indirectly, is Controlled by such party. “Supermajority Consent” means an affirmative decision evidenced in writing of the Person or Persons holding 80% of the outstanding Shares held by Shareholders party to the Agreement. “Tag-Along Notice of Election” shall have the meaning set forth in Section 5.2(a). “Tag-Along Right” shall have the meaning set forth in Section 5.2(a). “Tag-Along Period” shall have the meaning set forth in Section 5.2(a). “Threshold Percentage” means, as of any specified date, an amount, specified as a percentage, obtained by dividing 100 by the number of members constituting the Board of Directors on such date. “Unallocated Share” shall have the meaning set forth in Section 4.2. ARTICLE II

Strategic Sale has the meaning ascribed thereto in Section 5.1(f);