Examples of Cornerstone Investment Agreements in a sentence
As of the date of this announcement, the Over-allotment Option has not been exercised.Cornerstone Investors • Pursuant to the Cornerstone Investment Agreements with the Cornerstone Investors, the number of Offer Shares subscribed for by the Cornerstone Investors has been determined.
It is confirmed by the Company that the cornerstone investment agreement entered with MSAL, in its capacity as investment manager acting as agent on behalf of certain discretionary funds, will not contain any material terms which are more favourable to MSAL, in its capacity as investment manager acting as agent on behalf of certain discretionary funds, than those in other Cornerstone Investment Agreements.
Cornerstone Investors Pursuant to the Cornerstone Investment Agreements, the number of Offer Shares subscribed for by the Cornerstone Investors has now been determined.
The Cornerstone Investors do not have any preferential rights in the Cornerstone Investment Agreements compared with other public Shareholders other than the preferential treatment of assured entitlement under a cornerstone investment following the principles set out in HKEx-GL51-13.
Each Borrower, individually, expressly understands, agrees and acknowledges, that the credit facilities contemplated hereunder would not be made available on the terms herein in the absence of the collective credit of all of the Persons constituting the Borrowers, the joint and several liability of all such Persons, and the cross-collateralization of the collateral of all such Persons hereunder.
With respect to their cornerstone investment, other than the Offer Shares agreed to allocate to them, none of the Cornerstone Investors has any preferential rights compared to other public investors in their respective Cornerstone Investment Agreements.
It is confirmed by the Company that the Cornerstone Investment Agreement entered with MSAL and MSIM Inc., in their capacity as investment managers acting as agent on behalf of certain discretionary clients and funds, will not contain any material terms which are more favourable to MSAL or MSIM Inc., in their capacity as investment managers acting as agent on behalf of certain discretionary clients and funds, than those in other Cornerstone Investment Agreements.
Cornerstone Investors’ Lock-ups The Ordinary Shares that will be acquired by Cornerstone Investors pursuant to the Cornerstone Investment Agreements following completion of the Global Offer, and which will be subject to the lock-up arrangements as described in the Prospectus, will in aggregate represent 5.2 per cent.