Examples of Tranche 2 Subscription Agreement in a sentence
The number of MTN Shares issued under the Tranche 1 Subscription and Call Option Agreement and Tranche 2 Subscription Agreement will then be adjusted accordingly.
In connection with the sales of Series A-1 Preferred Shares of Shiny Bright as set out in note 33, the Group also entered into the Tranche 2 Subscription Agreement with the Investors, Shiny Bright granted the Investors, at a consideration of$1.00, an option to subscribe the Series A-2 Preferred Shares at the price per share equal to 130% of the then applicable Series A-1 conversion price.
Attempts to outsource this proved unsatisfactory and a further internal development was now planned.
Conditions (i),(ii) and (iii) under the Tranche 2 Subscription Agreement cannot be waived.
Orchid Asia IV, L.P. and Orchid Asia IV Co-Investment, Limited are parallel investors in relation to the transactions contemplated under the Disposal Agreement and the Tranche 2 Subscription Agreement.
DERIVATIVES In connection with the sales of Series A-1 Preferred Shares of Shiny Bright as set out in note 33, the Group also entered into the Tranche 2 Subscription Agreement with the Investors, Shiny Bright granted the Investors, at a consideration of $1.00, an option to subscribe the Series A-2 Preferred Shares at the price per share equal to 130% of the then applicable Series A-1 conversion price.
The Investor has agreed to make investments in the Corporation and SpinCo (as defined herein) in the aggregate amount of US$650,000,000, on the terms and subject to the conditions set forth herein and in the Subscription Receipt Agreement, the Tranche 2 Subscription Agreement and the Warrant Certificate (each as defined herein).
Each of the agreements contains cross-termination provisions, such that the completion of an investment under one agreement (being either the Tranche 2 Subscription Agreement or the Tranche 2 AEWs) results in the rights and obligations pertaining to the issuance of LAC Shares under the other agreement being terminated.The parties contemplate that the Tranche 2 investment under the Investment Transaction will occur following the Separation.
At September 30, 2019 the Limited Partnership had a receivable in the amount of $30,626 for proceeds related to the sale of the assets of the Company (December 31, 2018: $890,243).
This Schedule 13D assumes completion of the Transaction (as defined below) pursuant to the Tranche 2 Subscription Agreement for the maximum number of Common Shares the Reporting Persons may acquire as of the date hereof (assuming a subscription price of approximately $6.99 per Common Share).