Examples of Project Holdco in a sentence
It is owned as to 70% and 30%, respectively by the Project Holdco and the PRC Partner which is not a connected person of the Company.
The relationship between Project Holdco and PRC Partner is governed by the terms of the Cooperation Agreement under which the parties agreed to contribute registered capital, share in the profits and enjoy voting rights pro rata to their equity interest, and Project Holdco would have the right to appoint two of three directors of Project Company and the Chairman of its board.
The Site was awarded by public auction to Project Holdco on 26 September 2021.
If Supreme Gain does not provide its pro rata portion of such additional funding, RKP need not make further payments described under “Participation Rights” above until after Project Holdco has recovered the relevant additional funding paid to Project Company from Distributions or Proceeds.
If instead Supreme Gain provides the entire amount of additional funding required by the Project Company from Project Holdco (i.e. the RKI Group does not provide its pro rata portion of additional funding), then RKP shall pay to Supreme Gain an amount equal to all Distribution or Proceeds paid by the Project Company thereafter until the aggregate amount so paid is equal to the additional funding provided by Supreme Gain.