Examples of Holdco Put Option in a sentence
No Cayman 7 Call Option may be exercised on or after the Holdco Put Option Exercise Date.
The exercise of the Holdco Put Option is not at the discretion of Biostime Australia and as at the date of the grant of the Holdco Put Option, Biostime Australia is unable to determine the highest possible monetary value of the consideration payable upon the exercise of the Holdco Put Option.
Accordingly, the grant of the Holdco Put Option to associates of Xxxxx Xxxx which are amongst the Target Minority Shareholders (namely, Kednel Pty Ltd (as trustee for the Sali Investment Trust) and Super Radek Pty Ltd (as trustee for the Super Radek Superannuation Fund)) constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules.
The parties to this Agreement agree to treat the Cayman 7 Call Option and the Holdco Put Option as an instrument treated in accordance with section 1275 of the United States Internal Revenue Code of 1986, as amended, issued by Cayman 7 Cayman 4 and Cayman 5 in exchange for all shares of the Company held by each of Cayman 4 and Cayman 5 in an installment sale solely for US Tax purposes.
Accordingly, pursuant to Rule 14.76(1) of the Listing Rules, the grant of the Holdco Put Option to the Target Minority Shareholders constitutes at least a major transaction of the Company and is subject to the reporting, announcement and Shareholders’ approval requirements under Chapter 14 of the Listing Rules.
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The price payable for the shares in Biostime Australia Holdings on completion of the exercise of the Holdco Put Option or the Holdco Call Option will be fair market value, as determined by an expert.
The Secured Parties (defined below) have entered into an Option Agreement dated on or about the date hereof pursuant to which the Secured Parties have agreed to grant to the Mortgagor Call Options (as defined in the Option Agreement ) in respect of their shares in the Issuer (as defined below), and the Mortgagor has agreed to grant to the Secured Parties the Holdco Call Option and the Holdco Put Option (each as defined in the Option Agreement).
The principal terms of the Roll-Up Shareholders’ Agreement would be identical to those in the Existing Shareholders’ Agreement as set out in the Previous Circular, subject to, among others, the grant of the Holdco Put Option and the Holdco Call Option as defined and described above.
Subject to the remaining provisions hereof, the Original Class B Limited Partner shall be admitted as a Limited Partner upon the exercise of the Holdco Put Option and the execution and delivery of the Deed of Adherence by the Original Class B Limited Partner.