Examples of Bidco Parent in a sentence
Incentivisation Arrangements Neither Bidco, Bidco Parent nor RETHMANN has entered into, or had any discussions on proposals to enter into, any form of incentivisation arrangements with members of Devro’s management.
Bidco Parent and Devro entered into a confidentiality agreement on 15 February 2022 (the “Confidentiality Agreement”) pursuant to which Bidco Parent has undertaken to keep, and to procure that certain of its representatives keep, confidential information relating to Devro and/or to the Acquisition, to use such information solely for the agreed purposes in relation to the Acquisition and not to disclose it to third parties (other than certain permitted parties and with certain other customary exceptions).
These confidentiality obligations will remain in force until three years from the date of the Confidentiality Agreement.The Confidentiality Agreement also contains undertakings from Bidco Parent that, for a period of 12 months from the date of the Confidentiality Agreement, it shall not approach certain of the Devro’s employees or officers without the prior written consent of Devro nor employ or otherwise engage certain of Devro’s employees.
Specifically, the Term Sheet includes (i) the undertaking by FSI to subscribe a privileged financial instrument issued by Bidco Parent, redeemable or convertible into redeemable privileged shares issued by Bidco Parent; as well as (ii) certain guidelines concerning, inter alia, the governance of Bidco Parent.
Within 5 Business Days after the First Take-up Date, Green Bay shall deliver or cause to be delivered to Atlanta a legal opinion of counsel to Bidco Parent and Bidco in the agreed form in respect of delivery of the Pledged Shares pursuant to the Share Pledge.
It is validly existing, organized and subsisting under the laws of its jurisdiction of incorporation and organization (which, for certainty, with respect to Bidco and Bidco Parent, shall be either a provincial jurisdiction of Canada or the federal jurisdiction of Canada) and has the corporate power to enter into this Agreement and to perform its obligations hereunder.
Glencore, Bidco Parent, Bidco and Agrium have caused this Consent and Acknowledgement to be executed as of the date first written above by their respective officers thereunto duly authorized.
While not a condition, from and after the Announcement Date, Atlanta or its counsel shall be entitled to register in the Province of Ontario all security interests in the Bidco Pledged Shares (as defined in the Share Pledge) and the Bidco Parent Pledged Shares (as defined in the Share Pledge) in accordance with the requirements of the Share Pledge.
As of the date hereof, each of Bidco and Bidco Parent are wholly-owned subsidiaries of Green Bay and will continue to be wholly-owned subsidiaries of Green Bay unless, in the case of Bidco, as a result of an amalgamation with Target pursuant to the Tax Bump Reorganization.
On 7 March 2021, FermION and FSI (in the name and on behalf of the reserved alternative investment fund called “FSI I”), entered into the Term Sheet establishing the main terms of the co-investment of FSI with FermION in Bidco Parent, aimed at the acquisition of Cerved, with a commitment of the parties to enter into, prior to the Payment Date, agreements mirroring the terms agreed in the Term Sheet.