First Tranche Completion definition

First Tranche Completion means the completion of the sale and purchase of the First Tranche Shares in accordance with clause 4.1.
Sample 1Sample 2
First Tranche Completion means the completion of the First Tranche Sale pursuant to the Sale and Purchase Agreement“First Tranche Completion Date”the date on which the First Tranche Completion occurs, being the 3th Business Day after the First Tranche Conditions Precedent having been fulfilled or waived or such other date as the Purchaser and the Seller may agree in writing“First Tranche Conditions Precedent”the conditions precedent in relation to the First Tranche Sale pursuant to the Sale and Purchase Agreement“First Tranche Consideration”the consideration in connection with the First Tranche Sale “First Tranche Sale” the sale of the First Tranche Sale Shares by the Seller to the Purchaser pursuant to the Sale and Purchase Agreement“First Tranche Sale Shares”3,750,000 Sale Shares, representing the 75.00% of the entire issued share capital of the Target Company as at the date of the Sale and Purchase Agreement;“General Mandate”the general mandate granted to the Directors by the Shareholders at the annual general meeting of the Company held on 21 August 2020 to exercise the power of the Company to allot, issue and deal with additional Shares of not exceeding 20% of the total number of issued Shares as at the date of the said annual general meeting“Group”the Company and its subsidiaries“HK$”Hong Kong dollars“Hong Kong”the Hong Kong Special Administrative Region of the PRC“HKFRSs”the Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants“Independent Third Party(ies)”third party(ies) independent of the Company and its connected persons (as defined in the Listing Rules)“Issue Price”the VWAP of the Shares for the twenty (20) trading days immediately before the date of the Sale and Purchase Agreement, being HK$5.425, per each First Tranche Consideration Share“Key Person A”a key personnel of the Target Group, currently employed as the laboratory manager“Key Person B”a key personnel of the Target Group, currently employed as the administration & I.T. manager“Key Personnel”Key Person A and Key Person B“Listing Rules”the Rules Governing the Listing of Securities on the Stock Exchange“Long Stop Date”means twelve (12) months following the determination of the Final Tranche Consideration or such other date as the parties may agree in writing
Sample 1
First Tranche Completion the completion of the First Tranche Subscription
Sample 1

Examples of First Tranche Completion in a sentence

  • The Nominee warrants to the Seller that each Nominee Warranty is correct and not misleading as at the date of execution of this agreement and as at the time immediately prior to [First Tranche Completion / Second Tranche Completion].

  • Completion of the sale and purchase of the First Tranche Shares will take place on the First Tranche Completion Date.

  • The Buyer warrants to the Seller that each Buyer Warranty is correct and not misleading as at the date of execution of this agreement, as at the time immediately prior to First Tranche Completion and as at the time immediately prior to Second Tranche Completion.

  • The Committee approved the Minutes of the meeting held on 28th September 2021.

  • Pursuant to the Second Subscription Agreement, Mind Light, a wholly-owned subsidiary of the Company, conditionally agreed to allot and issue, and Benefit Sharp (as the nominee for Shanghai Ziyue) conditionally agreed to subscribe for (i) an aggregate of 4,805 shares on the First Tranche Completion Date at an aggregate subscription price of HK$40,957,153; and (ii) an aggregate of 4,805 shares on the Second Tranche Completion Date at an aggregate subscription price of HK$64,295,000.

  • On the First Tranche Completion Date, the Company shall allot and issue to each entitled Shareholder the relevant number of Warrants based on his holding of the Shares as at the SGX Record Date.

  • Pursuant to the Fifth Subscription Agreement, Mind Light, a wholly-owned subsidiary of the Company, conditionally agreed to allot and issue, and Zhihua Investments conditionally agreed to subscribe for (i) an aggregate of 1,632 shares on the First Tranche Completion Date at an aggregate subscription price of HK$25,752,458; and (ii) an aggregate of 1,632 shares on the Second Tranche Completion Date at an aggregate subscription price of HK$10,000,000.

  • The Accounts setting forth the Net Revenue shall be delivered within 10 (ten) Business Days from the completion of 18 (eighteen) months from the First Tranche Completion Date.

  • Pursuant to the First Tranche Completion, the Company holds 80% and LSC holds 20%, respectively, of the shares in the capital of the Target Company.

  • Subject to the satisfaction (or, if applicable, waiver) of the Conditions, it is currently expected that First Tranche Completion will take place in or around December 2023.


More Definitions of First Tranche Completion

First Tranche Completion means completion of the subscription for the First Tranche Shares under clause 3.2.
Sample 1

Related to First Tranche Completion

  • First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Schedule 1 to this Agreement.

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Final Completion Date means the date on which Final Completion occurs.

  • Outside Completion Date shall have the meaning assigned to such term in Section 6.3(d).

  • Tranche 2 means the amount of [**] to be applied in payment of the third pre-delivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto;

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Step-Up Date The first Distribution Date following the first Distribution Date on which the aggregate unpaid principal balance of the Mortgage Loans, and properties acquired in respect thereof, remaining in the Trust Fund has been reduced to less than or equal to 10% of the Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Initial Financing Spread means 0.50% per annum.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.