Examples of Specified Companies in a sentence
The minimum amount triggering the Exclusion Right and the amount of payment to which CKA Sub is entitled upon exercise of the Exclusion Right will be calculated by reference to the Specified Companies concerned, with each of the aggregate of the minimum amount triggering the Exclusion Right and the aggregate amount of payment to which CKA Sub is entitled upon exercise not to exceed HK$2,000 million and the CKA Consideration, respectively, as originally set out in the CKA Agreement.
Specified Companies are those having net worth of Rs. Five hundred crore (Rs. 500 crore) or more or turnover of Rs. One Thousand Crore (Rs. 1000 crore) or more or a net profit of Rs. Five Crore (Rs. 5 crore) or more.
Upon any exercise of the Exclusion Right, all rights and obligations of the Relevant Subsidiary, CKH Sub and CKHH under the Relevant Agreement in connection with the Specified Companies (and any other Intermediate Companies or Subject Group Companies directly or indirectly held thereby or attributable thereto) will cease immediately, save and except, among other things, the then accrued rights and obligations of the parties.
Upon any exercise of the Exclusion Right, all rights and obligations of CKA Sub, CKH Sub and CKHH under the CKA Agreement in connection with the Specified Companies (and any other Intermediate Companies or Subject Group Companies directly or indirectly held thereby or attributable thereto) will cease immediately, save and except, among other things, the then accrued rights and obligations of the parties.
Article 93 of this ordinance allows Specified Companies to prepare consolidated financial statements under IFRS.