Examples of Interest Transfer Agreement in a sentence
Pursuant to the Interest Transfer Agreement, all of the teachers and the management personnel (“Government Assigned Personnel”) currently assigned by the Original School’s Sponsors to work at Bohai Experimental School will be retained.
On 8 July 2019, the Company entered into the Equity Interest Transfer Agreement with PICC Investment, pursuant to which, PICC Investment agreed to transfer 70% equity interest of North Information Center to the Company.
Closing: Closing shall be within 5 working days after the satisfaction or waiver of the conditions precedent referred to in the Hainan Nuclear Interest Transfer Agreement, or on a date as agreed between Huaneng Group and the Company.
The Directors are of the view that the terms of the Interest Transfer Agreement are fair and reasonable and are in the interest of the Company and its shareholders as a whole.
The Time Shipping Interest Transfer Agreement was approved by the Directors at the board meeting on 30 November 2010 and signed by HEC and the Company on 1 December 2010.
Jierui and its shareholders (including Xx. Xx Xxxxxxx and Xx. Xx Xxxxxxxx) have undertaken to the Company not to exercise any rights or receive benefits under the Equity Transfer Agreement and the Interest Transfer Agreement, including but not limited to directly or indirectly taking up any school sponsor or other interests in Bohai experimental School, until such agreements have been entered into.
Pursuant to the Interest Transfer Agreement, within 10 days after the completion of the first installment of payment by Xxxxx Xxxxxxx, Xxxxx Xxxxxxx is entrusted to manage Bohai Experimental School, including but not limited to the aspects of the assets, business operation, human resources, students and the legal documents of Bohai Experimental School (“Entrustment Arrangement”).
The Company has aggregated the amount of the consideration under the Equity Interest Transfer Agreement with the amount of the capital increase contributed by the Company to North Information Center under the Agreement pursuant to Rule 14A.81 of the Listing Rules.
Shareholders and potential investors of the Company should note that the proposed transactions as contemplated under the Equity Transfer Agreement and the Interest Transfer Agreement are subject to the respective terms and conditions as set out in them and any further agreements to be entered by the relevant parties in relations to the Equity Transfer Agreement and the Interest Transfer Agreement.
Pursuant to the Interest Transfer Agreement, Xxxxx Xxxxxxx will acquire 100% of the school sponsor’s interest of Bohai Experimental School, and the land, building, facilities and equipment of the east side of the Bohai Experimental School for a total consideration of RMB151.73 million, which was determined by arm’s length negotiation between the parties, taking into account, among other things, the current number of students enrolled, tuition fee, capacity and growth prospect of Bohai Experimental School.