Prescribed Price definition

Prescribed Price has the meaning given in Clause 23.5.2;
Prescribed Price in relation to a voluntary Transfer of Shares in respect of which a Transfer Notice shall have been served pursuant to Clause 10.6.1, the price per Share offered by the Proposed Transferee (as defined in Clause l0.6.1(a))
Prescribed Price the price for the Joint Venture Interest specified in the Transfer Notice;

Examples of Prescribed Price in a sentence

  • Each such Other Shareholder must purchase that number of Offered Shares by payment of the Prescribed Price (or the price determined by the Valuer where clause 9.7(b) applies) within three (3) Business Days after the notice from the Proposed Transferor.

  • The Valuer’s valuation will become the Prescribed Price for the purpose of this sub-clause only if lower than the price specified by the Proposing Transferor.

  • Such Discretionary Prescribed Price Levels shall similarly be set at 500 points above (and/or below) the preceding Automatic/Discretionary Prescribed Price Level.

  • In all other respects, the Transfer Notice must be unconditional.9.4 Specify if third party offer exists A Transfer Notice must have annexed to it a statutory declaration by the Proposing Transferor as to whether or not the Proposing Transferor has received from any third party (Offeror) a bona fide arm's length offer (which for this purpose includes a firm expression of willingness) to purchase the Offered Shares at or above the Prescribed Price.

  • 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.


More Definitions of Prescribed Price

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 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 the price per Share (as of the date of the written notice specified under either Clause 8.2, Clause 12.3.1 or Clause 12.4.1) (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 the price specified in the Transfer Notice;
Prescribed Price in relation to a voluntary Transfer of Shares in respect of which a Transfer Notice shall have been served pursuant to Clause 5.4.1, the price per Share of the Sale Shares offered by the Vendor;
Prescribed Price means the sum per share specified in any transfer notice as the sum which the Proposing Transferor fixes as the fair value of the Relevant Shares, unless the purchaser, when agreeing to purchase the Relevant Shares notifies the Company that it does not accept such sum as the fair value of the Relevant Shares, in which case, and also in any case where the transfer notice does not specify any sum per share as the fair value of the Relevant Shares, or is deemed to be given pursuant to any provision of these Articles of in the Shareholders’ Agreement, the Prescribed Price of the Relevant Shares shall be the fair value of the shares to be agreed between the Proposing Transferor and the Purchaser within fourteen (14) days after the name and address of the Purchaser is notified by the Company to the Proposing Transferor or, failing such agreement, the fair value determined by an internationally recognised merchant bank nominated by the Company’s main banker. All costs incurred shall be borne equally by the Proposing Transferor and the Purchaser concerned. The merchant bank shall be acting as an expert not as an arbitrator and the provisions of the Arbitration Act, 2005 shall not apply.