Permitted Level definition
Examples of Permitted Level in a sentence
As of the date of these China Connect Terms, the single foreign investor limit is set at 10% of the shares of a Mainland China Listco and the aggregate foreign investor limit is set at 30% of the shares of a Mainland China Listco (while the Cautionary Level and the Permitted Level are set at 28% and 26% respectively of the shares of a Mainland China Listco).
Notwithstanding any provision of this Section 5.4, Dentsu and each of its Subsidiaries may acquire Publicis Shares on the open market or otherwise up to the Permitted Level.
In such circumstances, the Broker may reject the Client's buy order Instructions until the aggregate shareholding of foreign investors has fallen below a specified percentage (the "Permitted Level") as advised by SSE or SZSE from time to time.
Currently, the single foreign investor limit is set at 10% of the total issued shares of a PRC Listco and the aggregate foreign investor limit is set at 30% of the total issued shares of a PRC Listco (while the Cautionary Level and the Permitted Level are set at 28% and 26% respectively of the total issued shares of a PRC Listco).
Notwithstanding any provision of this Section 4.4, Dentsu and each of its Subsidiaries may acquire Publicis Shares on the open market or otherwise up to the Permitted Level.
In such circumstances, your buy orders may be rejected until the aggregate shareholding of foreign investors has fallen below a specified percentage (the "Permitted Level") as advised by SSE or SZSE from time to time.
As of the date of these Stock Connect Terms and Conditions, the single foreign investor limit is set at 10% of the shares of a PRC Listco and the aggregate foreign investor limit is set at 30% of the shares of a PRC Listco (while the Cautionary Level and the Permitted Level are set at 28% and 26% respectively of the shares of a PRC Listco).
Permitted Level I Distributions - Payments by PNA of, or Distributions by PNA to New Parent to be used by New Parent to pay (i) Permitted Platinum Payments, (ii) scheduled payments of principal and interest under the Seller Note (to the extent permitted by the Seller Subordination Agreement and this Agreement) and (iii) ordinary operating expenses of New Parent.
The Commitments shall be reduced and the Loans prepaid if at any time the Net Proceeds (as defined below) received by the Loan Parties and their Subsidiaries exceeds the Permitted Level (as defined below).
In such circumstances, CMS may reject the Customer's buy order Instructions until the aggregate shareholding of foreign investors has fallen below a specified percentage (the "Permitted Level") as advised by the relevant China Connect Market from time to time.