Strategic Investment. 2.1. Subject to Board approval, the Company will participate in the Customer's convertible debenture financing in the amount of $500,000.00CDN at a conversion price of $1.00 CDN per debenture for a period of two years (the "Investment"). The Investment shall be administered through a separate subscription agreement. Board approval and closing the Investment is a condition precedent to this Agreement.
2.2. The Company may decide to increase its investment in the Customer's Convertible Debenture Raise later subject to the Customer's review and approval.
2.3. The Customer will ensure that the use of proceeds from the Investment will be primarily used for the purchase, import permitting, development, licencing, manufacturing, storage and distribution of Products in the Territory.
2.4. The Customer shall issue to the Company, upon delivery of the first Product purchase order by the Customer to the Company, 500,000 common share purchase warrants at an exercise price of $1.50 CDN per warrant for a period of two years and 500,000 common share purchase warrants at an exercise price of $2.00 CDN per warrant for a period of two years.
Strategic Investment. It is acquiring the Note and the underlying -------------------- Common Stock for investment for its own account, not as a nominee or agent, not for the account or benefit of any U.S. Person and not with the view to, or for resale in connection with, any distribution thereof. It understands that the Note and the underlying Common Stock have not been, and will not be, registered under the Securities Act by reason of a specific exemption from the registration provisions of the Securities Act, the availability of which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of its representations as expressed herein.
Strategic Investment. In a separate release issued this morning, Xxxxxxx Bros. announced that it has entered into a securities purchase agreement with Starboard Value LP (together with its affiliates, "Starboard") pursuant to which Starboard will make a concurrent $485 million convertible preferred equity and $15 million common share investment in Xxxxxxx Bros., subject to customary closing conditions including the acceptance of the TSX. As stated in that release, Starboard is fully supportive of the acquisition of IAA by Xxxxxxx Xxxx., however, Starboard’s investment will not vote at the Special Meeting of Shareholders to be held by Xxxxxxx Bros. with respect to the IAA transaction. The transaction terms are attractive to both Xxxxxxx Bros. and IAA shareholders, with Starboard bringing additional expertise and value add to the combined company while facilitating further capital allocation flexibility.
Strategic Investment. As of the Closing Date, Tiptree shall, or shall cause its controlled Affiliates to, make a capital commitment, in the aggregate, of no less than $75 million to a fund or account managed by Tricadia Capital Management, LLC (the “Strategic Investment”) on, and subject to, the terms set forth in a subscription agreement reasonably satisfactory to Tiptree Parent entered into as of the Closing Date or as promptly as practicable thereafter. Capital contributions in respect of such Strategic Investment shall be called on the terms set forth in the subscription agreement. Notwithstanding the foregoing, Tiptree and its controlled Affiliates will not be required to make a capital contribution in respect of the Strategic Investment, in part or in whole, to the extent that, in the reasonable determination of the Tiptree Parent Executive Committee Majority, they do not have sufficient available cash, taking other good faith business and liquidity needs into account, to fund the Strategic Investment.
Strategic Investment. Target shall use its best efforts to close prior to the Effective Time a total of at least fifty million dollars of additional investment in equity securities by certain institutional accredited investors previously identified to Acquiror at a pre-money valuation of $650 million (the "Strategic Investment").
Strategic Investment. The board of directors of China Mobile Limited (the ‘‘Company’’) is pleased to announce that on 29 April 2009, the Company entered into a share subscription agreement (the ‘‘Share Subscription Agreement’’) with Far EasTone Telecommunications Co., Ltd. (‘‘Far EasTone’’) pursuant to which, the Company agreed to, through a wholly-owned subsidiary, subscribe for 444,341,020 shares in Far EasTone (the ‘‘Share Subscription’’). Upon completion of the Share Subscription, the Company will hold 12% of the enlarged issued share capital of Far EasTone. The total consideration payable by the Company is approximately NT$17,773.6 million (equivalent to approximately HK$4,076.5 million), representing NT$40.00 (equivalent to approximately HK$9.17) per share in Far EasTone. The consideration may be adjusted. In the event that the volume weighted average price of the Far EasTone shares for the 14 consecutive trading days in Taiwan prior to and including the date when the Company or Far EasTone notifies the other of the proposed completion date in accordance with the Share Subscription Agreement is beyond the range of NT$35.00 to NT$50.00 per Far EasTone share, the Company and Far EasTone will renegotiate and agree a new purchase price per Far EasTone share. Any upward or downward adjustment (if any) shall not be more than NT$5.00 per Far EasTone share. The consideration for the Share Subscription was determined on the basis of arm’s length negotiations between the parties and will be financed using internal resources of the Company and will be paid in cash upon completion. The subscription price per share in Far EasTone of NT$40.00 (without taking into account possible adjustment) represents a premium of 15.3% over the closing price of Far EasTone’s shares on the Taiwan Stock Exchange of NT$34.70 on 28 April 2009. Completion of the Share Subscription will be subject to certain conditions including the obtaining of all necessary regulatory approvals. Upon completion of the Share Subscription, Far EasTone will use reasonable endeavours to procure a nominee of the Company be elected as a director of Far EasTone. On 29 April 2009, the Company also entered into a strategic cooperation agreement (the ‘‘Strategic Cooperation Agreement’’) with Far EasTone. The Strategic Cooperation Agreement will become effective upon the completion of the Share Subscription. Pursuant to the Strategic Cooperation Agreement, the Company and Far EasTone will pursue long term broad-based cooperation fo...
Strategic Investment. Building the capacity of national partners to deliver better quality humanitarian WASH responses Country Pakistan, Ethiopia Outputs Indicators Progress report
3.1.1 Selected national partners have sufficient technical capacity to deliver good-quality humanitarian WASH responses in small-scale emergencies Selected partners are able to deliver WASH responses to Sphere standards or superior national standards In both countries, partners undertook capacity assessments and detailed capacity development plans were developed. Partners received training on Gender in Emergencies, and participated in practical gender analysis exercises. In Ethiopia, partner HF responded to a flood emergency in Sept 2015 and Oxfam and partner monitoring showed that the protocols for WASH response were adhered to and practiced. A Real time evaluation was conducted on partner AISDA which is currently responding in WASH in Afar. In Pakistan, 3 training workshops were conducted for all partners. Two of three partners are responding to the current drought response in Somali and Afar regions that support 15,000 individuals. Women‟s community groups were formed in disaster prone areas to improve awareness and response to disasters, and were consulted in needs assessment for the flood response.
3.1.2 Reduced impact of disasters on communities WASH needs through building community resilience practices Water resources and facilities are not as affected by emergencies as on previous occasions In Pakistan, Community Action plans, HVCAs and WASH contingency plans were developed. DRR measures are in place while dealing with WASH activities Four strategic boreholes were rehabilitated which played a significant role in the currently ongoing drought emergency responses in Ethiopia.
3.1.3 Selected national partners have sufficient organisational capacity to deliver good quality humanitarian WASH responses in small-scale emergencies Key business functions of selected partners are sufficiently resourced and well managed In Pakistan, partners MF and PREPARED received support for their financial systems, and data entry improvement. In Ethiopia, partner AISDA improved logistics, finance, reporting and project management systems.
3.1.4 Selected national partners have increased access to sustainable WASH learning and development opportunities A WASH learning platform is recognised as a hub for sharing learning in the WASH sector A four week pilot online course was conducted in April 2015 on W...
Strategic Investment. On the Implementation Date,. the Investor shall, subject to and upon the terms and conditions of this Proposal, make a strategic investment in the Company by subscribing for New Common Shares for a subscription price equal to the aggregate of the Investment Pool and the Professional Fee Pool as set forth in this Proposal, to be used to fund this Proposal.
Strategic Investment. The Government's objective is to encourage and retain investment in Australia to enhance the capability and contribution of the Australian ICT industry to meet global, advanced ICT needs. Investments in ICT infrastructure and other companies to develop, in Australia, strategic capabilities and/or generate exports in the traded goods and services sector will be recognised. They should form part of the Partner’s international strategy for ICT product development and marketing. The development of the ICT industry in regional areas is a Commonwealth Government priority. When developing proposals for new strategic investments, companies are encouraged to discuss the opportunities and benefits of locating new facilities in regional areas with State and Territory Government representatives (see Appendix H). Investments may be directed to the Partner’s Australian operations or in joint/collaborative ventures between a Partner and a third party company. A Partner xxx also be able to claim strategic investments made by another, non-SPIDA, company where that investment would have been eligible had it been made by the Partner and the Partner is able to demonstrate that it was instrumental in achieving the investment. Partners, including Senior Partners, seeking to include such strategic investments in their SPIDA must obtain must the Department's written agreement in advance. An example of the sort of investment intended to be eligible here is where an overseas supplier to a SPIDA company makes a strategic investment to establish an R&D laboratory or manufacturing plant in Australia that is intended to supply the global needs of the Partner and others. Significant investments in the Partner’s local subsidiary may be recognised where it leads to the establishment of world standard facilities intended to address international markets. For example, establishment of new R&D, manufacturing and service facilities may be recognised where they position the Partner for international markets. The minimum investment should be in the vicinity of $5 million, but proposals will be considered on a case-by-case basis. Investments in the form of equity or soft loans may also be recognised. Such proposals should be discussed in advance with the Department. “In-kind” investments, or the provision of equipment only, will not be recognised here but may be eligible under the R&D (Sub-section 5.2) or technology transfer (Sub-section 5.10) categories. RHQ investments should be reported under...
Strategic Investment. CSMall has entered into the Strategic Investor Subscription Agreement with Xx. Xxx, pursuant to which CSMall agreed to allot and issue, and Xx. Xxx agreed to subscribe for, 100,000,000 new Shares at the subscription price of HK$1.50 per Share for the total consideration of HK$150,000,000 in cash, subject to the terms and conditions therein. The principal terms of the Employee Subscription Agreement, the Employee Trust Deed and the Strategic Investor Subscription Agreement are set forth below. 6 May 2019 (after trading hours)
(i) CSMall (as the issuer)
(ii) Ascend Delight (as the subscriber)
