Project Holdco definition
Examples of Project Holdco in a sentence
As of the Effective Date and through the period ending immediately prior to the Document Closing, (i) Sponsor Investor will own 100% of the issued and outstanding Equity Interests of Master Holdco, (ii) Master Holdco will own 100% of the issued and outstanding Equity Interests of Project Holdco, and (iii) Project Holdco will own 100% of the issued and outstanding Equity Interests of the Project Company.
Immediately prior to giving effect to the transactions contemplated by the Equity Documents, (i) Sponsor Member owns 100% of the issued and outstanding Equity Interests of Master Holdco, (ii) Master Holdco owns 100% of the issued and outstanding Equity Interests of each Project Holdco, and (iii) Sponsor owns 100% of the issued and outstanding Equity Interests of each Project Company.
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.
Project Holdco Project Subsidiary 1 Each Director (other than Xxxxx X’Xxxxx) will hold a Director Share.
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.