Prescribed Price definition

Prescribed Price has the meaning given in Clause 23.5.2;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Prescribed Price means, in relation to a voluntary Transfer of Shares in respect of which a Transfer Notice shall have been served pursuant to Clause 6.4, the price per Share offered by the Proposed Transferee (as defined in Clause 6.4.1(a)).

Prescribed Price the price for the Joint Venture Interest specified in the Transfer Notice;

Examples of Prescribed Price in a sentence

• Any determination of Fair Value pursuant to this Clause shall be treated as a price agreed between all the members for the purposes of the definition of "Prescribed Price" in Article 26 of the Articles.

• In lieu of exercising the option granted in SECTION 4.2(c), a Shareholder may elect to participate in any sale by the Proposing Transferor contemplated by SECTION 4.2 at the Prescribed Price.

• Any of the Shareholders who objects to such change in control shall be entitled by notice in writing to the Affected Shareholder (the "Objection Notice") to require the Affected Shareholder to dispose of all its shares in the capital of the Company at the Prescribed Price.

• If the Proposing Transferor is given notice under SECTION 4.2(c) that the other Shareholder has exercised its option to purchase all, but not less than all, of the Joint Venture Interest, the Proposing Transferor shall be bound, on payment of the Prescribed Price, to transfer the Joint Venture Interest to the other Shareholder or its designees.

• Upon receipt of a Transfer Notice, the other Shareholder shall have the right and first option for a period of thirty (30) days to purchase all of the Joint Venture Interest at the Prescribed Price.

More Definitions of Prescribed Price

Prescribed Price means, in relation to a voluntary transfer of Shares in respect of which a Transfer Notice shall have been served pursuant to article 46, the price per Share offered by the Proposed Transferee (as defined in article 46);

Prescribed Price means: (a) at any time before the Subscription Balance has been paid by the Investor, the lower of: (i) US$ 200,000; and (ii) the market value of the Paid Shares, or the shares which are the subject of a notice pursuant to clause 11.2 (as the case may be); or (b) at any time after the Subscription Balance has been paid by the Investor, the market value of the Subscription Shares, or the shares which are the subject of a notice pursuant to 11.2 (as the case may be).

Prescribed Price in Clause 1.1; and

Prescribed Price has the meaning set out in Clause 5.2(a)(l) of this agreement.

Prescribed Price means the price per Share (as of the date of the written notice specified under either Clause 12.3 or Clause 12.4.2) (i) as agreed by the Shareholders, or (ii) in the event the Shareholders do not agree on the Prescribed Price per Share within 30 days of the relevant written notice, as determined by an Expert in accordance with Clause 19 below;

Prescribed Price as determined pursuant to paragraph 3.2 of schedule 4;

Prescribed Price means the price in cash indicated in the Third Party Offer to Purchase or Sell.