Squeeze-out Right definition

Squeeze-out Right means the right to purchase the remaining Shares, pursuant to Article
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Squeeze-out Right has the meaning given to it in clause 6.1]; "Transfer Notice" has the meaning given to it in clause 4.6.d
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Examples of Squeeze-out Right in a sentence

  • If an acquirer owns 90% of the voting rights of a target company, the acquirer can complete the second step rather quickly (typically around one month) by exercising the Squeeze-out Right (see6.10 Squeeze-Out Mechanisms).

  • DXC (fiscal agent) maintains the Trading Partner Agreements within the EDI subsystem of the MMIS system, interChange.

  • Pursuant to Article 2949 of the Civil Code, after the expiration of the prescribed five year term from the date on which the Consideration for the Squeeze-out Right has been deposited, the Offeror will have the right to obtain the repayment of the sums deposited as consideration for the Squeeze-out Right which will not have been cashed in by the entitled shareholders.

  • As a consequence of Richemont reaching 95% of YNAP’s ordinary share capital, as indicated in the company announcement dated 25 May 2018 and in the Offer Document, the requirements for the exercise of the Squeeze-out Right pursuant to Article 111, of the TUF, and of the Purchase Obligation pursuant to Article 108, paragraph 1, of the TUF are fulfilled.

  • In this case, due to the exercise of the Squeeze-out Right and to the concomitant fulfilment of the Purchase Obligation pursuant to Article 108, paragraph 1, of the TUF, the Issuer’s Shares would be delisted and the Offeror would become the holder of the entire ordinary share capital of the Issuer, regardless of the actual modalities of implementation of the subsequent integration between the Offeror and the Issuer.

  • The Joint Procedure and the Warrant Squeeze-out Right, therefore, will become effective on November 4, 2022, the day on which the transfer of ownership of the Remaining Shares and Remaining Warrants to Poste will become effective with the consequent entry in the shareholders' register by the Issuer pursuant to Article 111, paragraph 3, of the CFA.

  • It is noted that the Squeeze-out Right under Article 111 of the CFA and the Warrant Squezee-out Right is exercised with respect to all Remaining Shares and all Remaining Warrants regardless of the request for payment of the consideration of the Joint Procedure and/or the Warrant Squeeze-out Right above, effective November 4, 2022.

  • Holders of Remaining Shares and Remaining Warrants will be able to obtain payment of the consideration for the Joint Procedure and/or the Warrant Squeeze-out Right directly from their respective intermediaries.

  • The Squeeze-out Right will be exercised as soon as possible after the conclusion of the Mandatory Offer.

  • As stated in the Offer Document, an amount equal to the entire Overall Maximum Disbursement has already been credited to a bank account (the "Relevant Account") opened in Poste's name with the Exact Fulfillment also to service the Joint Procedure and the Warrant Squeeze-out Right.

Related to Squeeze-out Right

  • Put Right has the meaning set forth in Section 8.05(a).

  • Cash-Out Refinancing A Refinanced Mortgage Loan the proceeds of which were in excess of the principal balance of any existing first mortgage on the related Mortgaged Property and related closing costs, and were used to pay any such existing first mortgage, related closing costs and subordinate mortgages on the related Mortgaged Property.

  • Step-Out Notice has the meaning given to it in Section 8.1.

  • Call Right The right of the holder thereof (or any successor), as named in the applicable Supplement, to purchase Certificates from the Holders thereof or to purchase Underlying Securities from the Trust.

  • Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b).

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • First Offer Period has the meaning set forth in Section 13.5.

  • Drag-Along Right has the meaning set forth in Section 8.6(a).

  • New Securities means, collectively, equity securities of the Company, whether or not currently authorized, as well as rights, options, or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or exchangeable into or exercisable for such equity securities.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Disposition Notice is defined in Section 5.2(a).

  • Sell or Offer to Sell means to: • sell, offer to sell, contract to sell or lend, • effect any short sale or establish or increase a Put Equivalent Position or liquidate or decrease any Call Equivalent Position • pledge, hypothecate or grant any security interest in, or • in any other way transfer or dispose of, in each case whether effected directly or indirectly.

  • Opt-Out Notice has the meaning specified therefor in Section 2.02(a) of this Agreement.

  • Permitted Lock-Up Agreement means an agreement between a Person and one or more holders of Voting Shares pursuant to which such holders (each a “Locked-Up Person”) agree to deposit or tender Voting Shares to a Take-Over Bid (the “Lock-Up Bid”) made or to be made by such Person or any of such Person’s Affiliates or Associates or any other Person with which such Person is acting jointly or in concert, provided that:

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

  • Initial Offer Price means the initial price payable for a Share as specified in the relevant Supplement for each Fund.

  • In-the-Money Option is defined in Section 2.8(a) of the Agreement.

  • Step-In Notice has the meaning set out in Section 3.1;

  • Purchase Option Notice As defined in Section 3.18(e).

  • Permitted Warrant Transaction means any call option, warrant or right to purchase (or substantively equivalent derivative transaction) on the Borrower’s or a Parent Company’s common equity sold by the Borrower or a Parent Company substantially concurrently with a related Permitted Bond Hedge Transaction.

  • Offer Price or Purchase (Public Offer) Price means the sum to be paid by the investor for purchase of one Unit, such price to be determined pursuant to this document.

  • Net Offering Proceeds means the proceeds received from (a) the issuance of any Capital Stock or (b) the incurrence of any Indebtedness, in each case net of the actual liabilities for reasonably anticipated cash taxes in connection with such issuance or incurrence, if any, any underwriting, brokerage and other customary selling commissions incurred in connection with such issuance or incurrence, and legal, advisory and other fees and expenses, including title and recording tax expenses, if any, incurred in connection with such issuance or incurrence.