Strategic Sale definition

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 as approved by the Investors and such sale offers the Investors the Buyback Price (as defined in Clause 7.3.1 below);

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

• The covering envelope of all EOIs submitted should be clearly marked "Private and Confidential - Expression of Interest for the Strategic Sale".

• The purpose of the due diligence programme is to provide the Bidder an overview of the Strategic Sale programme and a detailed information on the company's businesses.

• The covering envelope on the package containing the Financial Bid must be clearly marked 'Private and Confidential - Financial Bid for Strategic Sale' and include on the envelope the name of the contact person and address of the Bidder (to whom any unopened Financial Bid should be returned).

• The proposed Strategic Sale process, consequent to the submission of EOI, involves a detailed due diligence exercise to be undertaken by the Bidder followed by submission of a Financial Bid.

• The notice shall specify the date of the Strategic Sale, the shares to be transferred, the terms of the proposed Strategic Sale, the parties involved and the consideration.

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.