Improved Proposal definition

Improved Proposal has the meaning assigned thereto in Section 2(a)(i) hereof.
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Examples of Improved Proposal in a sentence

  • The Improved Proposal would also extend to any Inmarsat shares unconditionally allotted on conversion of the Convertible Bonds before the date on which any EchoStar offer for Inmarsat shares closes.

  • Based on the closing price per share of EchoStar class A common stock on 5 July 2018 of US$45.45 and an exchange rate of £:US$ of 1:1.3244 on 5 July 2018, the Improved Proposal implies an equivalent value of 532 pence per Inmarsat share, valuing Inmarsat’s existing issued share capital at approximately £2.45 billion.

  • EchoStar believes that the Improved Proposal presents a compelling opportunity for Inmarsat’s shareholders to realize certain value from their investment in Inmarsat while also participating meaningfully in the upside potential of the combined company.

  • Accordingly, the Improved Proposal would represent in aggregate, a value of approximately £3.2 billion for the issued and to be issued share capital of Inmarsat and the Convertible Bonds.

  • Under the terms of the Improved Proposal, Inmarsat shareholders would be entitled to receive 265 pence in cash and 0.0777 new shares of EchoStar class A common stock (to be listed on NASDAQ) for each Inmarsat share, (subject to the reservations referred to below).

  • As a result of the Improved Proposal, holders of the Inmarsat 3.875% convertible bonds due 2023 (the “Convertible Bonds”) would be entitled to receive, in respect of each Convertible Bond, a value equivalent to approximately $296,225 (in a combination of cash and / or shares) on the basis of the exchange rate and closing share price assumptions set out above.

  • To the extent that Convertible Bonds are not so converted, if EchoStar proceeds with the Improved Proposal, it will make appropriate proposals, in due course to the holders of Convertible Bonds in accordance with the Code.

  • Following the above discussions, in a letter dated 19 December 2002, CAT set out the terms of an improved potential offer (the "Improved Proposal").

  • Between 20 December 2002 and 18 January 2003, representatives from OGS and/or Goldman Sachs continued discussions on the terms of the Improved Proposal.

  • Agreement on the form of the Rule 2.5 announcement incorporating customary terms and conditions for a UK public offer.Cooper reserves the right to revise or revoke the terms on which the Improved Proposal is made, including the ability to waive some or all of the above pre-conditions, save for pre-condition (a), which will not be waived.

Related to Improved Proposal

  • Project Proposal is the final and written description of the Project as described in Exhibit A, to be undertaken by Sub-recipient for which the Project Funds is granted and performance is required and monitored pursuant to this PFA.

  • Superior Proposal has the meaning set forth in Section 5.09(a).

  • Competing Proposal means a proposal, offer or invitation to the Company, any Party or any of a Party’s Affiliates (other than the Proposal), that involves the acquisition of Control of the Target, a sale of all or a substantial part of the assets of the Target, a restructuring or recapitalization of the Target, or some other transaction that would adversely affect, prevent or materially reduce the likelihood of the consummation of the Transaction with the Parties.

  • Acquisition Proposal has the meaning set forth in Section 5.03(a).

  • Technical Proposal means the Contractor’s Technical Proposal dated (Technical Proposal date).

  • Transaction Proposal has the meaning specified in Section 8.02(c).

  • Alternative Proposal has the meaning set forth in Section 6.2(b).

  • Unsolicited proposal means a written proposal for a public-private initiative that is submitted by a private entity for the purpose of entering into an agreement with the department but that is not in response to a formal solicitation or request issued by the department.

  • Proposal means the Technical Proposal and the Financial Proposal.

  • Financial Proposal means the Contractor’s Financial Proposal dated (Financial Proposal date).

  • Contractor’s Proposal means the proposal submitted by the Contractor with the Tender, as modified and accepted by the Employer and included in the Contract. Such documents may include the Contractor’s preliminary design.

  • Bid Proposal or “Proposal” means the bidder’s proposal submitted in response to the RFP.

  • Superior Acquisition Proposal means any Acquisition Proposal containing terms which the Company Board determines in its good faith judgment (based on the advice of an independent financial advisor) to be more favorable to the Company’s stockholders than the Merger and for which financing, to the extent required, is then committed or which, in the good faith judgment of the Company Board, is reasonably capable of being obtained by such third party.

  • Superior Proposal Notice has the meaning specified in Section 5.4(1)(c).

  • Notice of Superior Proposal has the meaning set forth in Section 5.09(e).

  • Company Superior Proposal shall have the meaning set forth in Section 7.4(b).

  • Approved Product means any water fitting, plumbing product, material or component which is the subject of an existing WRAS Approval;

  • Approved Project means the Scheme application of the Applicant approved by the CIC.

  • Parent Superior Proposal shall have the meaning set forth in Section 7.4(g).

  • Transaction Proposals has the meaning specified in Section 8.2(b).