Examples of Other Transferors in a sentence
For details of the equity interests held by each of the Other Transferors in the Target Companies prior to the Transaction, please refer to the information set out in the paragraph headed “Target Companies” below.
The obligations of the Company and each of the Other Transferors under the Equity Acquisition Agreement to sell the equity interests of the Target Companies held by them are several and not inter-conditional on each other.
During the Lock-up Period, since the date when the Company no longer controls PetroChina Pipelines, the equity interests held by the Other Transferors in PetroChina Pipelines will not be subject to the lock-up requirements as set out above.
CNPC is the controlling shareholder of the Company and holds 50% of the equity interests of GCLI, one of the Other Transferors.
CNPC holds 50% of the equity interests of GCLI, one of the Other Transferors.
Pursuant to the Equity Acquisition Agreement, PetroChina Pipelines agrees to acquire, and the Company and the Other Transferors agree to sell, the equity interests of Target Companies held by them, respectively (save as 13.19% equity interests in United Pipelines held by Taikang Assets, 1.67% and 9.6% equity interests in United Pipelines and Northwest United held by Guolian Fund respectively, which will be acquired by PetroChina Pipelines in cash as set out below).
Within three years from the date when the business registration regarding the Transaction has been completed (the “Lock-up Period”), the Other Transferors who have obtained the equity interests of PetroChina Pipelines shall not directly or indirectly transfer their respective equity interests in PetroChina Pipelines to any person by way of sale, gift , pledge or otherwise.
The total equityinterests held by the Other Transferors in the Target Companies (save as 13.19% equity interests in United Pipelines held by Taikang Assets, 1.67% and 9.6% equity interests in United Pipelines and Northwest United held by Guolian Fund respectively, which shall be acquired by PetroChina Pipelines in cash as set out below) will account for 27.74% of the enlarged share capital of PetroChina Pipelines after the Transaction.
Any notice of such election given by a Other Transferor pursuant to this Section 4.13 shall constitute an irrevocable commitment of such Other Transferor to sell, to the Person or Persons to which the Private Sale is to be made, shares of Common Stock (or rights to acquire Common Stock) on the terms specified in such Private Sale Notice, in an amount equal to the lesser of such Other Transferor's Specified Amount and its final Private Sale Allocation, subject to the conditions of this Section 4.13.
The total equity interests held by the Other Transferors in the Target Companies (save as 13.19% equity interests in United Pipelines held by Taikang Assets, 1.67% and 9.6% equity interests in United Pipelines and Northwest United held by Guolian Fund respectively, which shall be acquired by PetroChina Pipelines in cash as set out below) will account for 27.74% of the enlarged share capital of PetroChina Pipelines after the Transaction.