Examples of the Directors in a sentence
Save for Dato’ Xxxxx, whose interests in the Proposed Relevant IPTs are disclosed above, none of the Directors or the controlling shareholders (as defined in the Catalist Rules) of the Company has any interest, direct or indirect, in the Proposed Relevant IPTs, other than through their respective shareholdings (if any) in the Company.
Other than those Directors mentioned above, none of the Directors have a material interest in the transactions contemplated under the Agreement, and none are required to abstain from voting on the relevant Board resolutions.
If the Funder terminates this Agreement because a person has exercised a security interest as contemplated by section 107 of the Act, the Funder would expect to enter into a service accountability agreement with the person exercising the security interest or the receiver or other agent acting on behalf of that person where the person has obtained the Director's approval under section 110 of the Act and has met all other relevant requirements of Applicable Law.
After taking into account all such factors, the Directors consider that the risks involved in the New Loan are relatively low and manageable.
Given the above, the Directors (including the independent non-executive Directors) are of the view that the terms of the Agreement are on normal commercial terms, in the ordinary and usual course of business of the Company and are fair and reasonable and in the interests of the Company and the Shareholders as a whole.