Examples of Main Subscription Agreement in a sentence
The Main Subscription Agreement is not conditional on the Hutchison Subscription Agreement and the Placing Agreement.
Completion of the Hutchison Subscription Agreement and the Placing Agreement are conditional on the Main Subscription Agreement becoming unconditional.Prior to the date of this announcement, the Incoming Investors, Trumpington, Hutchison, Ericsson, Investor AB and persons acting in concert with any of them for the purposes of the Takeovers Code did not own any Shares.
Under the Main Subscription Agreement, the Company has conditionally agreed to sell to Guoco Group its entire interest in the issued share capital of the JVs (under the JV Sale Agreements), Tai Po Limited and Courtenay Enterprises Limited (under the Tai Po/Courtenay Sale Agreement), which together hold all the development properties of the Group, for a total consideration of about HK$114.0 million.
In the event of a conflict, the provisions of an Order Form shall take precedence over provisions of the body of this Main Subscription Agreement and over any other exhibit or attachment to this Main Subscription Agreement.
Guoco Group has agreed to grant, conditional on completion of the Main Subscription Agreement, an option for the Company to sell all (but not part of) the shares in each of the Property-owning Companies, at an aggregate consideration of about HK$606.7 million to Guoco Group from (and excluding) the first anniversary of the date of Completion to (and including) the day which falls six months thereafter.
The placees will be independent of and not acting in concert with the Company and the directors, chief executive or substantial shareholders of the Company, any of its subsidiaries, or their respective Associates.Completion of the Main Subscription Agreement, the Hutchison Subscription Agreement and the Placing Agreement is expected to take place in late May or early June, 2000.