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”.
Examples of Substantial Transaction in a sentence
Full details of the Booker Portfolio were included in the Substantial Transaction Circular published on 3 June 2014 and included in the company’s integrated report.
Accordingly, the Transaction is categorised as a Substantial Transaction and this Substantial Transaction Circular has been prepared in order for Atlantic Leaf to comply with Chapter 13 of the SEM Listing Rules.
If neither a Substantial Transaction nor a Substantial Financing Transaction is completed on or before January 31, 2002, or consummated on or before July 31, 2002, Purchaser shall not be required to make the payment to Seller as set forth in Section 2.5(b) hereof and Purchaser shall have no further obligations with respect to Section 2.5(b) hereof.
Moreover, Netoil and the principal members of the Concert Party (being the Locked-in Parties) have agreed to be locked in for a period being the earlier of 12 months from the date of Admission or the date of completion of a Substantial Transaction so unlike other shareholders will not be able to trade their shares (including those subscribed in the earlier July Placing) until it is clear what benefit they have brought, as hoped, to the Company.
As per the SEM Listing Rules, a Substantial Transaction must be made conditional on approval by shareholders.
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”; 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.”
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. Any transaction: (i) involving the sale, issuance or reservation of a number of shares of capital stock which would result in any "person" (as such term is used in sections 13(d) and 14(d) of the Exchange act) becoming a "beneficial owner", directly or indirectly, of securities of the Company representing Twenty percent (20%) or more of the combined voting power of the Company's then outstanding securities ordinarily having the right to vote at elections of directors and, in connection with such transaction, such "person" shall obtain the right to appoint, nominate (other than the general right of nomination that holders of the Company's outstanding voting securities may possess) or elect (other than the general right to vote that holders of the Company's outstanding voting securities may possess) at least One-Third (1/3) of the members of the Company's Board; (ii) involving the grant or sale of an option or other right to conduct a Change of Control transaction at any time in the future, and/or; (iii) any retention by the Company of an investment banking or other consulting firm, which retention has been approved by the Company's Board, for the purpose of seeking to effect a Substantial Transaction (within the meaning of clause (i) or (ii) above) or a Change of Control transaction; provided, however, that if Executive remains in the employ of the Company One (1) year after the initial retention of such investment banking or consulting firm and a Substantial Transaction (within the meaning of clause (i) or (ii) above) or a change of Control transaction has not occurred within One (1) year of such initial retention, the mere retention of such investment banking or consulting firm shall thereafter no longer de deemed a Substantial Transaction, unless and to the extent that the Board, effective following the expiration of such One (1) year period, affirmatively approves the continued retention of such investment banking or consulting firm. Notwithstanding the foregoing, no transaction directly involving Executive shall be deemed a "Substantial Transaction".
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 (a) any Permitted Acquisition, any acquisition that results in a Joint Venture, any acquisition that is
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”.