Examples of Acquisition Loan Documents in a sentence
On or about May 10, 2016, PCI Macomb notified PC Acquisition of its default under the PC Acquisition Loan Documents as a result of its failure to make timely payments of the PC Acquisition Loans.
Pursuant to Rule 14A.101 of the Listing Rules, the Disposal, the Acquisition Loan Documents are subject to the reporting and announcement requirements but is exempted from the circular, independent financial advice and shareholders’ approval requirements under Chapter 14A of the Listing Rules.
Pursuant to an Assignment of Mortgage dated April 29, 2016 and recorded on May 11, 2016 in the Macomb County Register of Deeds, Allonges dated April 29, 2016, and Omnibus Assignment of LoanDocuments dated April 29, 2016, the PC Acquisition Loan Documents were assigned to lender PCI Macomb, LLC (“ PCI Macomb”).
At the SGM, ordinary resolution(s) for approving the Disposal, the Equity Transfer Agreement, the Acquisition Loan Documents, the Working Capital Loan Documents, the Su Security, the Su Property Mortgage Agreement and the transactions contemplated thereunder will be proposed for the Shareholder’s approval.
Accordingly, the Directors recommend the Shareholders to vote in favour of the relevant resolution(s) as set out in the notice of SGM to approve the Disposal, the Acquisition Loan Documents, the Working Capital Loan Documents, the Su Security and the Su Property Mortgage Agreement.