Disposal Interest definition

Disposal Interest means the permitted whole or the permitted portion of the Disposing Owner’s Participating Interest as at the Effective Date, being a Participating Share of [#]% Effective Date means the date on which each of the requirements set out in clause 10.8 of the Joint Venture Agreement have been satisfied in respect of the acquisition of the Disposal Interest.
Sample 1Sample 2
Disposal Interest the entire (100%) equity interest in Fu Xxx Xxx Xxxx beneficially owned by the Company as at the date of this announcement “Fu Hai Xxx Xxxx” 富海雲通融資租賃(上海)有限公司 (Fu Hai Xxx Xxxx Finance Leasing (Shanghai) Company Limited), a wholly- owned foreign enterprise with limited liability established under the laws of the PRC on 8 January 2016 with registered capital of US$10 million, and is a wholly-owned subsidiary of the Company as at the date of this announcement
Sample 1

Examples of Disposal Interest in a sentence

  • During the Publication Period, qualified bidders may indicate their intention to purchase the Disposal Interest and register themselves as interested bidders.

  • Pursuant to the Agreement, the profit/loss attributable to the Disposal Interest since 31 May 2019 will be entitled to/assumed by the Purchaser.

  • The Disposal Interest Consideration will be satisfied through the distribution of RMB125 million (approximately S$24.5 million) in the form of dividends from JAH (the “Dividend Consideration”), and the payment of RMB195 million (approximately S$38.3 million) in cash from the Purchaser (the “Cash Consideration”).

  • Since the Company is a State-owned enterprise, the Disposal Interest constitutes a State-owned asset and the disposal of which is required to undergo the process of Public Tender through an approved equity exchange in accordance with the relevant PRC laws and regulations governing the disposal of State-controlled assets.

  • The profit before income tax, minority interests and extraordinary items attributable to the Disposal Interest for the six months ended 30 September 2012 is approximately S$4.4 million.

  • Therefore, the Potential Disposal, if materialized, based on the audited net asset of the Disposal Interest as of 31 December 2021, is expected to constitute a major transaction of the Company which shall be subject to the reporting, announcement, circular, shareholders’ approval requirements under Chapter 14 of the Listing Rules.

  • The Minimum Consideration, being the initial bidding price for the Disposal Interest, is expected to be RMB76,500,000, which was determined based on the preliminary asset appraised value of the Disposal Interest on 31 December 2020 and “the capital for investing in Dongting Water + 10% annualized rate of return”, whichever is higher.

  • As at the date of this announcement, the Minimum Consideration (being the initial bidding price) for the Disposal Interest has not yet been determined, which will be announced when the process of the formal tender commences, the final consideration will depend on the final bidding price of the Public Tender, but will not be less than the Minimum Consideration in any event.

  • The payment of the Consideration shall be made in accordance with the time and method agreed in the Equity Transaction Agreement in the manner determined by the transferor and transferee of the Disposal Interest.

  • BACKGROUND The Company has resolved to dispose of the Disposal Interest.

Related to Disposal Interest

  • Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.

  • Financial Interest means either:

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Class C Additional Interest is defined in Section 4.1(c).

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Distributional interest means the right under an unincorporated entity’s organic law and organic rules to receive distributions from the entity.

  • Asset Interest is defined in Section 2.1(b).

  • Fractional Interest As defined in Section 5.02(d).

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Significant Financial Interest means anything of monetary value, including but not limited to, salary or other payments for services (e.g., consulting fees or honoraria); equity interests (e.g., stocks, stock options or other ownership interests); and intellectual property rights (e.g., patents, copyrights, license agreements, and royalties from such rights). The term does not include:

  • Personal interest means a financial benefit or liability accruing to a School Board member or employee or to a member of the immediate family of the School Board member or employee. Such interest shall exist by reason of

  • Prospective International Interest means an interest that is intended to be created or provided for in an object as an international interest in the future, upon the occurrence of a stated event (which may include the debtor’s acquisition of an interest in the object), whether or not the occurrence of the event is certain;

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Material Interest means direct or indirect beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) of voting securities or other voting interests representing at least ten percent (10%) of the outstanding voting power of a Person or equity securities or other equity interests representing at least ten percent (10%) of the outstanding equity securities or equity interests in a Person.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Original Fractional Interest With respect to each of the following Classes of Subordinate Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 1.11% Class B-2 0.71% Class B-3 0.45% Class B-4 0.25% Class B-5 0.10% Class B-6 0.00% Original Subordinate Class Certificate Balance: $11,614,127.00.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.