Examples of Indigo Agreement in a sentence
As at the date of the Indigo Agreement and the Taraki Agreement, Xxxxxx was interested in approximately 73.83% of the issued share capital of the Company and is therefore a connected person of the Company under the GEM Listing Rules.
Rule 2.8 of the Takeovers Code requires the Company to establish an independent committee of the Board to advise the Independent Shareholders, the Bondholders and the Optionholders on the Offers and the Indigo Agreement and the Taraki Agreement and transactions contemplated thereunder and that such independent committee should comprise all non-executive Directors who have no direct or indirect interest in the Offers and the Disposals other than as a Shareholder.
In addition, subject to the terms and conditions of the Indigo Agreement, the Company has the option to acquire an additional 30% interest in Indigo.
Accordingly, the Independent Board Committee comprising the remaining two non-executive Directors, namely Mr. Xxx Xxx Xxx, Xxxx and Xx. Xxx Xxxx Xx, has been established to advise and give recommendation to the Independent Shareholders, the Bondholders and the Optionholders in connection with the Offers and to the Independent Shareholders in respect of the Indigo Agreement and the Taraki Agreement and transactions contemplated therein.
For the avoidance of doubt, (i) the Indigo Agreement is not an Unexpired Lease and is a financing agreement and (ii) the equipment that is the subject of the Indigo Agreement are Assets owned by the applicable Debtor.
The minimum quantities have been exceeded in 1997 and 1998.As a result of the Indigo Agreement, substantially all sales in 1998 and approximately 50% of sales in 1997 were to Indigo.
VIE (continued) Pursuant to the terms of the Indigo Agreement, the Company agree to invest $700,000 (the “Investment”) into Indigo for inventory, equipment, and marketing expenses.
Pursuant to the Indigo Agreement, the Company agreed to sell and Newood agreed to purchase the Indigo Sale Share and the rights, title, benefits and interests of the Company in, the Indigo Sale Loan.
The Company has appointed Xxxxxx Financial Limited as the independent financial adviser to advise (i) the Independent Board Committee in respect of the Offers and the Indigo Agreement and the Taraki Agreement and transactions contemplated thereunder; and (ii) the Independent Shareholders in respect of the Indigo Agreement and the Taraki Agreement and transactions contemplated thereunder.
There was a long term deposit of $43,151 to China National Investment & Guaranty Co., Ltd Dalian Branch for the pending litigation as of March 31, 2008.