Examples of Target Sale in a sentence
The term of the Production Target Sale and Purchase Agreement is three years.
Pursuant to the First Agreement, Noble Prime has conditionally agreed to acquire and the Vendor has conditionally agreed to sell (i) the First Target Shares, representing 50% of the equity interest in the First Target Company; and (ii) the First Target Sale Loan, representing 50% of the obligations, liabilities and debts owing or incurred by the First Target Company to the Vendor as at 31 May 2018.
Schedule 3.5 sets forth the parties’ initial estimate of the Transfer Taxes to be incurred in connection with the Fee Sale, Target Sale and Lease Assignment & Sale as well as the estimated amount thereof to be allocated to CTF and Purchaser.
On 28 March 2008, the Company entered into the Production Target Sale and Purchase Agreement with CPI Group.
As CPI Group is the ultimate holding company of the Company, the entering into the Production Target Sale and Purchase Agreement constitutes a continuing connected transaction of the Company.
The estimated annual caps for the consideration payable under the Production Target Sale and Purchase Agreement for the three financial years ending 31 December 2008, 2009 and 2010 are estimated to be RMB424.5 million, RMB1.32 billion and RMB1.34 billion respectively.
Accordingly, the Production Target Sale and Purchase Agreements constitute connected transactions of the Company under the Listing Rules.
Schedule 3.9 sets forth the parties’ initial estimate of the Transfer Taxes to be incurred in connection with the Fee Sale, Target Sale and Lease Assignment & Sale as well as the estimated amount thereof to be allocated to the Seller and the Buyer.
Pursuant to the Production Target Sale and Purchase Agreement dated 28 March 2008, relevant subsidiaries, Associates or power plants of the CPIC Group (the “Seller”) have agreed to transfer the Targets, to the extent permissible under the PRC laws, rules, regulations, guidelines and policies, to relevant subsidiaries, Associates or power plants of the Group (the “Purchaser”) and the Purchaser has agreed to generate the amount of electricity required under the transferred Targets on behalf of the Seller.
Accordingly, the Production Target Sale and Purchase Agreement constitutes a connected transaction of the Company under the Listing Rules.