Substantial Transaction means any Permitted Acquisition, any acquisition that results in a Joint Venture, any acquisition that is consummated through an Unrestricted Subsidiary or a Joint Venture, or any Divestiture in respect of which the aggregate Acquisition Consideration (or, in the case of a Divestiture, the consideration paid by the purchaser if calculated in the same manner as the definition of Acquisition Consideration) is in excess of $25,000,000.
Substantial Transaction means a transaction that involves the transfer, leasing or licensing of land to a local or foreign investor either alone or in a joint venture to carry out developments in agriculture and other approved ventures with direct developmental benefits for Kenya through —
Substantial Transaction means (a) any Permitted Acquisition, any acquisition that results in a Joint Venture, any acquisition that is consummated through an Unrestricted Subsidiary or a Joint Venture, or any Divestiture in respect of which the aggregate Acquisition Consideration (or, in the case of a Divestiture, the consideration paid by the purchaser if calculated in the same manner as the definition of Acquisition Consideration) is in excess of $25,000,000 or (b) any redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary in accordance with the definition of “Restricted Subsidiary”; provided, that the Borrower’s Divestiture from time to time in one or more transactions of all or any portion of the VKGC Business and/or the Wink Business shall not be considered for purposes of (i) determining if any Divestiture constitutes a Substantial Transaction or (ii) performing calculations on a Pro Forma Basis pursuant to this Agreement.”
Examples of Substantial Transaction in a sentence
Where the Circular or Announcement in respect of a Substantial Transaction or a Disclosable Transaction contains a profit forecast or estimate, the Circular or Announcement must comply with Requirements 8.17, 8.18 and 9.50 as if it were Listing Particulars.
A Substantial Transaction must be made conditional on a Special Resolution being passed.
Each Circular relating to a Substantial Transaction must incorporate or be accompanied by a notice of the meeting of shareholders setting out the resolution to approve the entry into and completion of the Substantial Transaction in question.
If the transaction is a Substantial Transaction and a Related Party Transaction, in addition to complying with the provisions relating to Substantial Transactions, the Issuer must comply with the provisions below relating to Related Party Transactions.
Where a Substantial Transaction involves the disposal of assets for a cash consideration only and the Issuer demonstrates to the satisfaction of CTSE that such disposal improves the working capital position of the Issuer, CTSE may, subject to the provisions of the FMA and any applicable administrative laws, dispense with the need to comply with Requirement 9.51.
More Definitions of Substantial Transaction
Substantial Transaction means (a) any Permitted Acquisition, any acquisition that results in a Joint Venture, any acquisition that is consummated through an Unrestricted Subsidiary or a Joint Venture, or any Divestiture in respect of which the aggregate Acquisition Consideration (or, in the case of a Divestiture, the consideration paid by the purchaser if calculated in the same manner as the definition of Acquisition Consideration) is in excess of $25,000,000 or (b) any redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary in accordance with the definition of “Restricted Subsidiary”.
Substantial Transaction means any Permitted Acquisition or Divestiture in respect of which the aggregate Acquisition Consideration (or, in the case of a Divestiture, the consideration paid by the purchaser if calculated in the same manner as the definition of Acquisition Consideration) is in excess of $25,000,000.
Substantial Transaction means a transaction set out in Requirement 13.11;
Substantial Transaction means any Permitted Acquisition, any acquisition that results in a Joint Venture, any acquisition that is consummated through an Unrestricted Subsidiary, or any Divestiture in respect of which the aggregate Acquisition Consideration (or, in the case of a Divestiture, the consideration paid by the purchaser if calculated in the same manner as the definition of Acquisition Consideration) is in excess of $25,000,000; provided that the acquisition by the Borrower Parties of all of the Equity Interests not already owned by the Borrower Parties in the DG Marine Joint Ventures shall be deemed to be a Substantial Transaction for purposes of this Agreement.
Substantial Transaction means any Permitted Acquisition, any acquisition that results in a Joint Venture, any
Substantial Transaction in Article 13 under this Contract means (including but not limited to) any transaction determined to happen or potentially existing that might have serious impact upon company’s basic structure, changes in company shareholders, contingent liabilities, cash flow, profitability, company’s core business secrets, company’s core competitiveness, company’s important assets, company’s major claims and debts, ability to repay debts, ability to fulfill this Contract, or any other transactions that the Borrower and/or the Lender considers constituting a substantial transaction.
Substantial Transaction means any Permitted Acquisition, any acquisition that results in a Joint Venture, any acquisition that is consummated through an Unrestricted Subsidiary or a Joint Venture, or any Divestiture in respect of which the aggregate Acquisition Consideration (or, in the case of a Divestiture, the consideration paid by the purchaser if calculated in the same manner as the definition of Acquisition Consideration) is in excess of $25,000,000; provided, that the Borrower’s Divestiture from time to time in one or more transactions of all or any portion of the VKGC Business and/or the Wink Business shall not be considered for purposes of (i) determining if any Divestiture constitutes a Substantial Transaction or (ii) performing calculations on a Pro Forma Basis pursuant to this Agreement.