Strategic Sale means (i) the Transfer of 50% (fifty percent) or more of Shares on a Fully Diluted Basis of the Company; (ii) a transfer of the Control of the Company or its Subsidiaries to any Person who is not a party to the Agreement except for Transfers to Affiliates as may be permitted in the Agreement and these Articles; or (iii) the sale, assignment, securitization (including pass through certificates) or licensing of all or substantially all of the Business or Assets or loan portfolio or the Intellectual Property of the Company or its Subsidiaries, in each case whether achieved through one or more transactions;
Strategic Sale means sale of majority shareholding (>50%) of the Company for cash or listed securities, at a valuation of minimum of Rs. 110,00, 00,00,000/- (Rupees Eleven Thousand Crores only);
Strategic Sale means any, or combination of, (a) a transaction that leads to any change of Control (including sale of more than 50% (fifty percent) of the Company’s Shares and other securities to any third party); or (b) an amalgamation or merger or acquisition of the Company with or by, as the case maybe, with another company resulting in a change in Control, or (c) sale of all or substantially all of the Assets of the Company.
Examples of Strategic Sale in a sentence
However, the said restriction regarding Transfer to Competitor shall not be applicable in case the Transfer of their respective Securities takes place: (i) on expiry of the Exit Period; (ii) on exercising their Drag Along Right under this Agreement; or (iii) a Strategic Sale.
However, the said restriction regarding Transfer to Competitor shall not be applicable in case the Transfer of Securities by Xxxxx takes place: (i) after the expiry of the Exit Period; (ii) on exercising its Drag Along Right under Clause 12.5 of this Agreement; or (iii) a Strategic Sale.
More Definitions of Strategic Sale
Strategic Sale means a bona fide arm's length transfer to a Third Party Purchaser (or group of directly or indirectly related Third Party Purchasers) (whether through a single transaction or a series of related transactions) of all of the Shares held by the Shareholders;
Strategic Sale means the sale of the entire Shares of the Investors and the Promoters (and the Shares of such other Shareholders as may be negotiated at the relevant time), to a Buyer in accordance with Article 118 (Strategic Sale).
Strategic Sale means the sale, liquidation or disposition or (including by way of merger or consolidation, regardless of whether the Parent or the Original Borrower are the surviving or resulting corporation) of stock or assets accounting for ninety per cent. (90%) or more of the total value of all Group Assets or generating ninety per cent. (90%) or more of all Group Resources.
Strategic Sale shall be defined as the sale by Alleghany Insurance Holdings LLC (hereinafter referred to as "AIHL") of securities representing a majority of the voting power in DPU (determined on an as-converted basis) and/or Reinsurer to an insurance company or an insurance holding company. For purposes of this Article 18, "Financial Sale" shall be determined as the sale by AIHL of securities to financial investors (i.e., investors which are not insurance companies or insurance holding companies) which would cause AIHL's voting interest in DPU (determined on an as-converted basis) and/or Reinsurer to drop below 35%.
Strategic Sale means any sale of Shares to a Strategic Investor.
Strategic Sale has the meaning ascribed thereto in Section 5.1(f);
Strategic Sale has the meaning set forth in Section 7.17.