Examples of Third Round Investors in a sentence
The Bank conduct their supervision of the various money markets by establishing and monitoring a series of conventions, some involving the participation of market members themselves through associations and some imposed more directly by the Bank.
Pursuant to Section 149 of the Companies Act, 2013 read with the Rules made there under and Regulation 16(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “the Listing Regulations/Regulations”), the Independent Directors shall hold office for a period of up to 5 consecutive years and shall not be liable to retire by rotation.
The Third Supplemental Investment Agreement amends certain terms of the Amended Investment Agreement, with an intention to align the terms of the Amended Investment Agreement with those of the investment agreements entered into among Hengda Real Estate, Kailong Real Estate, Xx. Xxx and the Third Round Investors.
Undertaking of the Third Round Investors Each of the Third Round Investors has undertaken to Kailong Real Estate and Hengda Real Estate that for a period of three years from completion of the Third Round Capital Increase or immediately prior to the completion of the Proposed Reorganisation (whichever is earlier), it will not transfer its interests in Hengda Real Estate or create any encumbrances over such interests without the consent of Kailong Real Estate.
In view of the addition of the Third Round Investors mentioned above, and thus the total number of investors will be increased, consequential changes have been made to the relevant provisions of the Amended Investment Agreement.
The Third Supplemental Investment Agreement was entered into with an intention to align the terms of the Investment Agreement with those of the third round investment agreements entered into among Hengda Real Estate, Kailong Real Estate, Xx. Xxx and the Third Round Investors.
The implied PBR of the Third Round Capital Increase is also within the said PBR range of the Market Comparables.Having considered the above, we are of the view that the amount of the Third Round Capital Contribution, which allows Third Round Investors to obtain an aggregate of approximately 14.11% of the enlarged equity interest of Hengda Real Estate in return, is fair and reasonable so far as the Independent Shareholders are concerned.