Examples of Disposed Entities in a sentence
Upon the disposal of the Disposed Entities, the Group discontinued the businesses undertaken by the Disposed Entities.
INFORMATION ON THE PARTIES TO THE DISPOSAL Information on the Disposed Entities Group and the Optical Business Following Completion, the Purchaser Group, which will include the Disposed Entities Group, will operate the Optical Business.
Further, the Company agreed to effect certain corporate steps to remove certain legal entities that were part of its French operations, but did not form part of the French Operations Disposal, and to enable the Disposed Entities to settle certain intra-company balances.
Further, the Group had concentration of credit risk in respect of the amount due from the purchaser of the Disposed Entities amounting to HK$8,053,000 at 30 September 2011 (31 March 2011: Nil) (Note 24(c)).
The Disposed Entities Group operates the Optical Business, which comprises the entirety of the Optical 88 and EGG retail operations and the Thong Sia Optical wholesale trading business, the operations of which span across Hong Kong, Macau, the PRC, Singapore, Malaysia and Thailand.
Notwithstanding the foregoing, at LifePoint’s option, LifePoint may elect to retain current assets and other non-essential assets of, or non-essential entities that are part of, a Hospital Group in connection with the Disposition of a Hospital, in which case (A) such retained assets and entities will no longer be subject to the Unwind Right, and (B) such retained assets will be deemed Disposed Assets and such retained entities will be deemed Disposed Entities.
Except for with respect to the Disposed Entities, no order has been made, petition presented or meeting convened for the winding up of any Group Company, or for the appointment of any provisional liquidator and there are no cases or proceedings under any applicable insolvency, reorganization or similar Laws of the PRC.
Upon Completion, the Disposed Entities will cease to be subsidiaries of the Company.The Disposed Entities Group operates the Optical Business, which comprises the entirety of the Optical 88 and EGG retail operations and the Thong Sia Optical wholesale trading business, the operations of which span across Hong Kong, Macau, the PRC, Singapore, Malaysia and Thailand.
Considering the aforesaid figures and the management accounts of the Disposed Entities and the Disposed Companies, our Directors are of the view that the financial impact of the disposal of the Disposed Entities and the Disposed Companies is immaterial to our Group.
The Administrative Agent shall have received satisfactory evidence that the CCC Disposed Entities will be, as of the Amendment No. 1 Effective Date, released from their Guaranties of the obligations under the CNX Gas Credit Agreement.