Examples of Second Tranche Investment in a sentence
Upon completion of the First Tranche Investment and the Second Tranche Investment, together with the capital contributions of other existing shareholders of CNNC Leasing and/or other potential investors in relation to the Capital Increase, the issued and paid-up registered capital of CNNC Leasing will be enlarged to RMB2 billion and the Investor will hold, in aggregate, approximately 18.45% of the registered capital in CNNC Leasing.
Subject to Section 15.4, BNGP is entitled to Transfer all or a portion of its Membership Interests to one or more Persons if the Second Tranche Investment has been paid in full and the Person to whom the Membership Interests are Transferred executes a Joinder Agreement.
On the date hereof, Target shall have consummated a private placement of its common stock, raising gross proceeds of $320,000 and obligating the investors therein to invest (the "Second Tranche Investment") an additional $180,000 upon finding commercial quantities of oil and gas in at least one of the first two test wells as provided in Section 6.5 and the schedule thereto.
As advised by CNNC Leasing, the Second Tranche Investment Capital based on the asset appraisal report of CNNC Leasing dated 31st December, 2017 shall be approximately RMB248.8 million.
Notwithstanding anything to the contrary in this Agreement, RTW hereby agree that RTW’s right to consummate the Second Tranche Investment and purchase shares of Stock pursuant to this Section 1.4 shall not be assignable except to an affiliate or limited partner of RTW, and any attempted assignment by RTW shall be void.
Subject matter Pursuant to the Investment Framework Agreement, the Investor conditionally agreed to make the Second Tranche Investment in the amount of RMB250 million to obtain certain amount in the Second Tranche Investment Capital, subject to completion of the First Tranche Investment and the capital contributions of other existing shareholders of CNNC Leasing and/or other potential investors in relation to the Capital Increase.
The Investor intends to finance the Second Tranche Investment by the internal resources of the Group and a banking facility offered to the Investor by a bank, which shall be materialised subject to conditions such as execution of the facility agreement.
On the same day, the Investor and CNNC Leasing entered into the Investment Framework Agreement, pursuant to which the Investor conditionally agreed to make the Second Tranche Investment in the amount of RMB250 million to obtain certain amount in the Second Tranche Investment Capital, subject to completion of the First Tranche Investment and capital contributions of other existing shareholders of CNNC Leasing and/ or other potential investors in relation to the Capital Increase.
The Second Tranche Investment and the Second Tranche Investment Capital The Investor shall make the Second Tranche Investment in the amount of RMB250 million pursuant to the terms of the Investment Framework Agreement.
Pursuant to the Investment Agreement Confirmation, the parties have confirmed the amount of the Second Tranche Investment Capital to be approximately RMB248.8 million.