By Xx. Xxxxxxxxxx upon ninety (90) days prior written notice to Immunomedics or its successor, to be effective not later than the second anniversary of a Change in Control of Immunomedics. For purposes of this Agreement, a Change of Control of Immunomedics is defined as:
By Xx. Xxxxxxxxxx, for Good Reason. For purposes of this Agreement, Good Reason is defined as occurrence of any of the following events or conditions, unless Xx. Xxxxxxxxxx has expressly consented in writing thereto, or except as a result of Xx. Xxxxxxxxxx’x physical or mental incapacity or as described in the last sentence of this subsection (d):
By Xx. XXXXXXXX. During the first two years of the Initial Period (i.e., determined without regard to an extension of the Initial Period to three years), Xx. Xxxxxxxx may terminate Xx. Xxxxxxxx'x employment upon written notice to the Company only if the Company is in material breach of this Agreement, provided that such termination will become effective only upon the expiration of 30 days following such notice and then only if the breach remains uncured. Such termination shall be deemed a termination by the Company of Xx. Xxxxxxxx'x employment under Section 8(a) for which Xx. Xxxxxxxx shall have the remedy set forth in Section 8(c).
By Xx. XXXXXXXX: 7 Q. It appears that as of August of 2013, the three-month 8 LIBOR rate was .2655 percent? 9 XX. XXXXXXXX: Objection, foundation. 10 A. Is there -- if you're talking about -- 11 BY XX. XXXXXXXX: 12 Q. Under 2013. 13 A. 2013, a specific category in August which reads 14 0.26550. 15 Q. Right. So it's actually gone down since July of 2013 16 according to this chart. 17 A. Yes. Did I say up before? 18 Q. You had indicated that the interest rates -- right, 19 that the -- I mean, if it goes down, the City owes 20 more; isn't that correct? 21 A. Right. 22 Q. Just so we're clear again, that 200 -- whatever -- 23 whether the figure is 247 million or 200 million, the 24 optional termination payment is not going to be -- the 25 City gets no direct benefit from that payment? Page 319 1 yesterday due to an illness of my wife, but -- 2 A. Oh, I'm sorry. 3 Q. -- they were talking about a $350 million bond of some 4 kind that is being looked into being floated, correct? 5 A. Here again, I want to be careful. It's unclear 6 whether or not it is a bond. 7 Q. Okay. 8 A. What is clear is there's some post petition financing 9 proposal which are quite sensitive, but that number is 10 not an unreasonable number and it has been mentioned 11 about in the press. 12 Q. And is it reasonable to say that that 2 -- 350 million 13 is not going to come free to the City? 14 A. No. The City will have to finance it in some fashion. 15 Q. I mean, I did a little research myself and looked up a 16 bond in Xxx Arbor that was recently financed for 17 340 million at 4 percent which is, I would think we 18 both agree, was a good interest rate -- 19 A. Um-hm. 20 Q. -- and the -- Xxx Arbor would be paying 230 million in 21 interest on that bond over a 25-year period. 22 A. Here again, Xx. Xxxxxxxx, I want to be very careful. 23 Without representing or agreeing that the post 24 petition financing that's being discussed will take 25 the characteristic of a bond.
By Xx. XXXXXXXX: 8 Q. But you would agree with me that the mortgage crisis 9 and the subprime lending crisis is a major contributor 10 to Detroit's financial crisis, would you not? 11 XX. XXXXXXXX: Objection to form, 12 foundation. 13 A. Xx. Xxxxxxxx, I don't know if it was or wasn't. 14 BY XX. XXXXXXXX: 15 Q. You don't know if it was or it wasn't? 16 A. No. I've -- I've heard reports that there was 17 disproportionate mortgage foreclosures and so on and 18 so forth, but I've made no conclusion as to whether or 19 not that was a major contributor to Detroit's 20 financial crisis. 21 Q. I've got you. Well, let me -- let me run this -- 22 (Whereupon Xxxxxxx Xxxxxxxx and Xxxxxxx 23 Xxxxxxx left the Deposition at 3:47 p.m.) 24 MS. ENGLISH: Can we go off the record for 25 one second, please?
By Xx. XXXXXXXX: 21 Q. And you haven't looked into that issue independently? 22 A. No, I've not looked into it independently. 23 Q. Even though the banks -- the same banks that are 24 claiming all these Swaps were directly involved in the 25 subprime mortgage crisis? Page 335 1 overcharges or obligations that it has to other -- 2 other organizations and entities. 3 Q. Are you aware that chargebacks specifically deal with 4 chargebacks to the County that the County buys -- pays 5 the City for foreclosed tax -- foreclosed properties, 6 then sells them, and the City is responsible for the 7 difference between what they're sold for and what 8 the -- what originally was paid to the City? 9 A. Yes, as I said -- 10 XX. XXXXXXXX: Objection, form, foundation. 11 A. As I said, it's a process by which the City has 12 obligations to other organizations and entities. 13 BY XX. XXXXXXXX: 14 Q. Are you aware that the state has hundreds of -- at 15 least 200 million dollars available in the Hardest -- 16 Helping Hardest Hit funds that could be used to pay 17 off delinquent property taxes? 18 A. I've heard that representation before in terms of the 19 Hardest Hit funds. What I am aware of is that the 20 City is entitled to get 52 million dollars of the 21 late -- latest one hundred million dollar transfer of 22 the Hardest Hit funds for blight remediation. 23 Q. That's true. Which affects -- affects your general 24 proposal in terms of the cost of blight, correct? 25 A. Well, it helps us in terms of getting at the cost of
By Xx. Xxx Xxx Xxx and the remaining shares hold by three (3) sons of Xx. Xxx Xxx Xxx, Xxx Xxx Xxxx (18.33%), Xxx Xxx Xxxx (18.33%) and Xxx Xxx Xxxxxx (18.34%). As such, Xxx Xxxx Metal Sdn. Bhd. is a deemed connected person of the Company upon the Listing pursuant to Rules 14A.21(1) (a) and (b) of the Listing Rules. As advised by Xxx Xxxx Metal Sdn. Bhd., Xxx Xxxx Metal Sdn. Bhd. is engaged in trading of scrap materials. Chye Seng Huat Trading Xxxx Xxxx Xxxx Xxxxxxx is a sole proprietorship owned by Xx. Xxx Xxxxx Xxxx, who is a cousin of the Sia Brothers. As such, Xx. Xxx Xxxxx Xxxx is a deemed connected person of the Company pursuant to Rule 14A.21(1)(a) of the Listing Rules. As advised by Xxxx Xxxx Xxxx Xxxxxxx, Chye Seng Huat Trading is engaged in trading of scrap materials. Chye Seng Huat Sdn. Bhd. Chye Seng Huat Sdn. Bhd. is a company owned as to 50% by Xx Xxx Soon Xxx being the son of the late Xx. Xxx Xxxx Xxx, being a cousin of the Sia Brothers. The remaining shares hold by Xxx Xxx Xxxx (25%) and Xxx Xxxx Xxx (25%). As such, Chye Seng Huat Sdn. Bhd. is thus a deemed connected person of the Company pursuant to Rules 14A.21(1)(a) and (b) of the Listing Rules. As advised by Chye Seng Huat Sdn. Bhd., Chye Seng Huat Sdn. Bhd. is engaged in trading of scrap materials. Soon Xxx Metal Sdn. Bhd. Soon Xxx Metal Sdn. Bhd. is a company owned as to 50% by Xx Xxx Soon Xxx being the son of the late Xx. Xxx Xxxx Xxx, being a cousin of the Sia Brothers. The remaining shares hold by Xxx Xxx Xxxx (25%) and Xxx Xxxx Xxx (25%). As such, Soon Xxx Metal Sdn. Bhd. has been treated as a deemed connected person of the Company pursuant to Rules 14A.21(1)(a) and (b) of the Listing Rules. As advised by Xxxx Xxx Metal Sdn. Bhd., Soon Xxx Metal Sdn. Bhd. is engaged in trading of scrap materials. Sia Brothers Sia Brothers are executive Directors and controlling shareholders of the Company. LISTING RULES IMPLICATIONS As the counterparty to the 2022 Long Hin Master Purchase Agreement, being Long Hin, the counterparty to the 2022 Xxx Xxxx Master Purchase Agreement, being Xxx Xxxx and Xxx Xxxx Metal Sdn. Bhd., and the counterparty to the 2022 Chye Seng Huat Trading Master Purchase Agreement, being Chye Seng Huat Trading, Chye Seng Huat Sdn. Bhd. and Soon Xxx Metal Sdn. Bhd., are connected with each other, the transactions contemplated under the 2022 Long Hin Master Purchase Agreement, the 2022 Xxx Xxxx Master Purchase Agreement and the 2022 Chye Seng Huat Trading Master Purchase Agreement ar...
By Xx. Xxx Xxx Xxx and the remaining shares held by three (3) sons of Xx. Xxx Xxx Xxx
By Xx. Xxxx. As between the Parties, Xx.Xxxx is the sole and exclusive owner of all rights, title and interest in and to the Xx.Xxxx IP. Without limiting the generality of the foregoing and subject to the terms and conditions hereunder, Xx.Xxxx grants Vendor a non-exclusive, non- transferable right and license to access the Platform and utilize the Services, during the Term and solely as specified in an Order Form. No other rights are granted to Vendor hereunder other than as expressly set forth herein.
By Xx. Xxx Xx Xxx and Xx. Xxx Xx respectively, each a substantial shareholder of the Company, the Assignor is therefore a connected person of the Company pursuant to Chapter 14A of the Listing Rules. As the applicable percentage ratios for the Contribution are less than 25% and the total consideration is less than HK$10 million, by virtue of Rule 14A.76(2)(b) of the Listing Rules, the Contribution is subject to the reporting and announcement requirements only and is exempt from the circular, independent financial advice and shareholders’ approval requirements.
