Higher Competing Offer definition

Higher Competing Offer means an offer, increased offer, proposed offer or proposed increased offer (including by means of a scheme of arrangement), by or on behalf of a party other than the Acquirer for the Company and which is:
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Higher Competing Offer has the meaning set forth in Section 3.5.
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Higher Competing Offer means an offer (whether by means of a takeover offer within the meaning of Section 974 of the Companies Act 2006 or by way of a scheme of arrangement pursuant to Part 26 of the Companies Act 2006) for the entire issued and to be issued share capital of the Company at a price per share exceeding at least 5 per cent. over the price per share available under the Offer at that time and for these purposes where any such Higher Competing Offer is made and the consideration includes or constitutes non-monetary consideration, the price shall be deemed to be equal to the value of such non-monetary consideration for the purposes of calculating the price per share;
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Examples of Higher Competing Offer in a sentence

  • During the period of the suspension PAI shall not accept the Higher Competing Offer.

  • For purposes of this Agreement, "Release Amount" shall be the difference between (i) the price per Share paid to the Principal Shareholders in any Higher Competing Offer and (ii) the Offer Price, multiplied by the total number of Shares sold by the Principal Shareholders in the Higher Competing Offer.

  • To the extent Bidder grants such consent, then the Principal Shareholders shall be permitted to withdraw the PS Shares from the Offer and tender the PS Shares into the Higher Competing Offer, and shall jointly and severally become irrevocably obligated to pay Bidder the Release Amount not later than three business days after receipt of the consideration paid in the Higher Competing Offer.

  • During the period of the suspension FT shall not accept the Higher Competing Offer.

  • For the purposes of this paragraph "Higher Competing Offer" means any higher offer made in respect of the issued ordinary shares of Charter which is at the date of its announcement equal to, or greater than, 550 pence per ordinary share.

  • If a Higher Competing Offer is announced then all Obligations under this deed shall immediately lapse and, in particular, we shall be entitled to withdraw any acceptance(s), forms of proxy and/or Elections relating to the Acquisition in accordance with their terms.

  • Offer 7.1 SIM's obligations under paragraph 3 above will lapse if a Higher Competing Offer is made by a third party prior to the latest time for acceptance of the Offer (pursuant to this letter) in respect of any LASMO Shares.

  • Offer 7.1 Electrafina's obligations under paragraph 3 above will lapse if a Higher Competing Offer is made by a third party prior to the latest time for acceptance of the Offer (pursuant to this letter) in respect of any LASMO Shares.

  • For all of these undertakings, if, within 7 days of such Higher Competing Offer, Lincoln Electric Global raises its offer on terms no less favourable than the Higher Competing Offer, the suspension will end and the undertakings will become binding again.


More Definitions of Higher Competing Offer

Higher Competing Offer has the meaning set out in Clause 6.4;
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Higher Competing Offer means a competing offer from a third party to acquire any or all of the Frontline Shares at a price that is not less than S$0.315 per Frontline Share.
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Higher Competing Offer means an offer by a third party for the fully diluted ordinary shares of 25p each in the capital of LASMO which has a value, upon the announcement of a firm intention on the part of the third party to make such offer (without a requirement for fulfilment of any precondition), for each share in LASMO to which it relates which is more than 110 per cent. of the lower of (a) 180p and (b) the Offer as at close of NYSE dealing on the NYSE dealing day immediately preceding such announcement translating the value of Amerada Hess shares from U.S. dollars to sterling at the exchange rate xxxxxxxxxx at the time.
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Higher Competing Offer means an offer by a third party for the fully diluted ordinary shares of 25p each in the capital of LASMO which has a value, upon the announcement of a firm intention on the part of the third party to make such offer (without a requirement for fulfilment of any precondition), for each share in LASMO to which it relates which is more than 110 per cent. of the lower of (a) 180p and (b) the sterling value of the Offer as at close of NYSE dealing on the NYSE dealing day immediately preceding such announcement translating the value of Amerada Hess shares from U.S. dollars to sterling at the exchange ratx xxxxxxxxxg at that time.
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Higher Competing Offer means an offer by any person other than the Offeror or anyone acting in concert with the Offeror (whether by means of a takeover offer within the meaning of section 974 of the Companies Act 2006 or by way of a scheme of arrangement pursuant to Part 26 of the Companies Act 2006) for the ordinary shares in the Company under which the value of the consideration per ordinary share available to the Company’s ordinary shareholders exceeds 60 pence, which:
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Related to Higher Competing Offer

  • Eligible Proposal means a Proposal that meets or exceeds the prescribed requirement, proceeding to the next stage of evaluation;

  • Competitive service means any service offered by an electric

  • Competitive Business means any firm, partnership, joint venture, corporation and/or any other Person, and/or any licensee of such entity, that develops, manufactures, markets, distributes, provides, offers, or sells any services or products substantially similar to First Party’s services or products.

  • Qualified Bidder As defined in Section 7.01(c).

  • Selected Bidder or “Successful Bidder” shall mean the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.