Examples of Acquisition Agreement in a sentence
On 31 August 2024, the Purchaser (a subsidiary of the Company) and the Vendor entered into the Aircraft Acquisition Agreement, pursuant to which the Purchaser agreed to purchase and the Vendor agreed to sell the Aircraft.
As the highest of the applicable percentage ratios in respect of the acquisition of Aircraft contemplated under the Aircraft Acquisition Agreement is more than 0.1% but less than 5%, the transaction contemplated under the Aircraft Acquisition Agreement is subject to the reporting and announcement requirements but is exempt from the independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
As such, pursuant to the relevant requirements under the Listing Rules and the articles of association of the Company as well as the Company’s corporate governance practices, each of them did not attend the relevant Board meeting and accordingly did not vote on the Board resolutions approving the Aircraft Acquisition Agreement and the transaction thereunder.
On 10 April 2007, Vastwood Limited, a wholly owned subsidiary of the Company, as the Purchaser entered into the Acquisition Agreement with Richfield (Holdings) Limited as the Vendor and Mr. Au as the Guarantor in relation to the Acquisition of Richfield Realty.
This Agreement may be terminated at any time prior to the Effective Date by: mutual consent of Legion and Nextleaf; by a Party at the same time that such Party terminates the Acquisition Agreement in accordance with the terms of the Acquisition Agreement; or as provided in Articles 5.1, 5.2 or 5.3. This Agreement will terminate if the Effective Date is not on or before the Termination Date.