Settlement of consideration. (A) Immediately after the Scheme Effective Time, Ensco shall make all such allotments of, and shall issue, such New Ensco Shares as are required to be issued to give effect to the Scheme to the Scheme Shareholders respectively entitled thereto and shall procure that appropriate entries are made in the register of members of Ensco to reflect such issuance, such consideration to be settled as set out in sub-clause (B), but subject to sub-clause (C), of this clause 4.
Settlement of consideration. As settlement of consideration under the Domestic Share Offer is subject to certain transfer and registration formalities and procedures imposed by China Securities Depository and Clearing Co., Ltd. and the State Administration of Foreign Exchange in the PRC, settlement of the consideration in respect of acceptances received under the Domestic Share Offer will be made by the Offeror as soon as reasonably practicable following completion of such transfer and registration formalities but it will not be able to be made within seven business days following the later of the date on which an offer becomes, or is declared, unconditional and the date of receipt of a duly completed acceptance as required under Rule 20.1 of the Takeovers Code. The Domestic Shareholders who have undertaken to accept the Domestic Share Offer, namely the Chen Group, Xxxxxx Xxxxx and Xxxxxx Xxxx (who are all Offeror Concert Parties), have given the Chen Irrevocable Undertakings, the Kairui Shiqi Irrevocable Undertakings and the Qianhe Qiju Irrevocable Undertakings, respectively, pursuant to which each of them have agreed that the settlement of consideration under the Domestic Share Offer will be made within 15 business days after the date on which the relevant holder of Domestic Shares notifies the Offeror in writing of such holder’s bank account details for the purposes of accepting the Domestic Share Offer. As such, the Offeror has applied to the Executive for, [and the Executive is minded to grant], a waiver from strict compliance with Rule 20.1 of the Takeovers Code.
Settlement of consideration. Subject to the Offers having become, or having been declared, unconditional in all respects, settlement of consideration in respect of acceptances of the Offers will be made as soon as possible but in any event within seven business days following the later of the date of receipt of a complete and valid acceptance in respect of the Offers, and the date on which the Offers become or are declared unconditional in all respects. Relevant documents evidencing title must be received by or on behalf of the Offeror to render such acceptance of the Offers complete and valid. The latest time on which the Offeror can declare the Offers unconditional as to acceptances is 7:00 p.m. on the 60th day after the despatch of the Composite Document (or such later date to which the Executive may consent). If the Offers are withdrawn or lapse, pursuant to Rule 20.2 of the Takeovers Code, the Offeror is required to, as soon as possible but in any event within ten days thereof, post the Share certificates and the Convertible Bonds certificates lodged with the forms of acceptance and transfer to, or make such Share certificates and Convertible Bonds certificates available for collection by, those Shareholders and Convertible Bonds Holders who have accepted the Offers. No fractions of a cent will be payable and the amount of cash consideration payable to a Shareholder who accepts the Share Offer or to a Convertible Bond Holder who accepts the Convertible Bond Offer will be rounded up to the nearest cent. Shareholders, Convertible Bond Holders and/or potential investors of the Company should note that the Offers will only be made if Completion takes place. Completion is conditional upon the fulfilment or, where applicable, waiver of the Conditions. Accordingly, Completion may or may not take place and the Offers may or may not be made. Shareholders, Convertible Bond Holders and/or potential investors of the Company should therefore exercise caution when dealing in the Shares and/or the Convertible Bonds or exercising other rights in respect of any of them. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers. IRREVOCABLE UNDERTAKINGS RRJ Irrevocable Undertaking As at the date of this joint announcement, the RRJ Covenantors are interested in (i) an aggregate of 762,222,000 Shares, representing approximately 21.94% of the issued share capital of the Company, and (ii) 2024 Convertible Bonds i...
Settlement of consideration. Settlement of the consideration in respect of acceptances received under the H Share Offer will be made as soon as possible but in any event within seven business days of the date of receipt of a complete and valid acceptance or of the date on which the H Share Offer becomes or is declared unconditional in all respects, whichever is the later.
Settlement of consideration. (a) If the Offer has been implemented by way of the Scheme and accordingly WH Bidco has lent to GVC the Scheme Loan and (if applicable), an amount equal to the Cash Shortfall under the Top Up Facility, within 14 days of the Effective Date, GVC undertakes to procure the settlement of the Sportingbet Shareholder Cash Consideration in accordance with the Scheme Document.
Settlement of consideration. 3.4 Within five Business Days after (and excluding) the date on which the Payment Statement and the Effective Time Statements are agreed or determined in accordance with Schedule 4 (Effective Time Statements), the following payments shall be made:
Settlement of consideration. The parties acknowledge that this Agreement is an integral part of a set of agreements involving members of VM Investors LLC, the Corporation, Xx. Xxxxxxx Xxxx, Xx. Xxxxx Xxxxxx and Ms. Xxx Xxxxx, and it is hereby agreed that, Employee shall not be entitled to receive any salary, severance payments or other compensation (other than (i) the payment of deferred and/or unpaid salary accrued by the Corporation and owed through the Effective Date, (ii) amounts accrued for paid time off and other payments required by applicable law, and (iii) the reimbursement of expenses that Employee shall have incurred prior to the Effective Date in the ordinary course of rendering his / her services as an executive of the Corporation and/or its subsidiaries), nor shall the Employee be entitled to any health or other benefits from the Corporation or any of its subsidiaries.
Settlement of consideration. 3.1 Party A agrees to pay Party B the consideration stipulated in Article 2 hereof in an one-off manner, and wire the consideration into the following bank account of Party B within ____ (____) days from the date the execution of this Agreement: Bank Name: ____________________________________________________ Name of Account Holder: ______________________________________ Account Number: _____________________________________
Settlement of consideration. 4.1 On Completion the Purchaser shall pay:
Settlement of consideration. In connection with the Transaction, SGLA would provide the Selling Shareholders with equity consideration in an amount equal to 142,853,004 shares of newly-issued unregistered shares of common stock and 15,872,556 shares of Convertible Preferred Stock, par value $0.52 per share, with a conversion ratio of 10, i.e., each share of Convertible Preferred Stock can be converted into 10 shares of common stock of SGLA, with no expiration date on the conversion.
