Examples of Retail Capital in a sentence
Mr Yogel owns an interest in YIH IV through Metropolitan Retail Capital, LLC, the managing member of YIH IV.
The Merchant further hereby irrevocably and unconditionally consents to the cession, delegation, assignment or other transferral by Retail Capital (or any person to whom its rights and/or obligations are ceded, delegated or assigned in terms of this clause 28.5) of all or any of its rights or obligations in terms of this Agreement, notwithstanding that such cession or assignment, if made to more than one person and/or of any but not all of Retail Capital's rights, may result in a splitting of claims.
It shall nevertheless be entirely within the discretion of Retail Capital as to whether to proceed against the Merchant in a Magistrates' Court or to do so in any other court having jurisdiction.
The Retail Capital Raise Shares to be issued are of a class of securities already in issue and will rank pari passu in every respect with existing TIP One Shares in issue.
Kotin & Associates; Dennis Roy, Partner, Abram Roy LLP, Outside Legal Counsel; Steve Plenge, Managing Principal, Pacific Retail Capital Partners; Oscar Parra, CFO, Pacific Retail Capital Partners; Jonathan Rood, Senior Vice President, Pacific Retail Capital Partners; and Scott Shuman, Partner, Arnall Golden Gregory LLP were available to answer questions.
The Retail Capital Raise Shares will not be issued to related parties and no individual Shareholder will be issued Shares in terms of the Retail Capital Raise such that their shareholding in TIP One will exceed 35% immediately after the issue thereof.
In August 2022 Tyme Bank Holdings Limited announced that it will proceed with the acquisition of fintech firm Retail Capital, which provides award-winning funding services to SMEs in the country.
TIP One intends to issue as many TIP One Shares at the Retail Capital Raise Price, as may be equal in aggregate value up to R200 million.
It is anticipated that the acquisition will enable synergies between Retail Capital and Tyme Bank in the SME lending space.
However, as the number of Retail Capital Raise Shares to be issued pursuant to the Retail Capital Raise exceeds 30% of the voting power of all Shares in issue and held by Shareholders immediately prior to the Retail Capital Raise, the Retail Capital Raise will further be subject to the approval by Shareholders by way of a special resolution (requiring a 75% majority) in terms of section 41(3) of the Companies Act.