Examples of Undertaking Period in a sentence
According to one of the terms of the S&P Agreement, Hensil Investments gave an irrevocable undertaking which the voting rights attached to 181,587,266 shares, representing approximately 30% of 605,290,886 shares, are vested upon Extra Benefit and Profit Channel during the Undertaking Period.
During the Undertaking Period, none of the Undertaking Persons or their Affiliates (other than the Beneficiaries) shall receive or be entitled to any portion of the Deposit or, directly or indirectly, cause Ruian to distribute, convey, transfer, assign or otherwise, whether by way of dividend, distribution of capital or other distribution or upon the liquidation or dissolution of Ruian or otherwise, any portion of the Deposit to any Undertaking Persons or their Affiliates (other than the Beneficiaries).
The provisions contained in the Company’s articles of association that are of a nature to restrict transfer of shares are as follows: Holder of Class A shares may transfer, always subject to vetoing by the Class C golden share, all or part of its shares to a third party at any time after either the expiration of the Strategic Undertaking Period, or after the date of full payment of the amount payable by the holder of Class A shares for its shares in the Company, whichever occurs later.
Subject to the provisions of the following two paragraphs, holder of Class B shares may not transfer to a third party all or part of its shares during the course of the Strategic Undertaking Period without the prior consent of the holder of Class A shares, which consent will not be unreasonably withheld.
Extensive time to investigate the transactions and movement in assets during the Undertaking Period; - Investigating payments to Company advisors, in particular, the legal fees paid to W & M; - Investigating the circumstances around the payment of the $30.5m dividend, revenue recognised in December 2015, and the role of Company Advisors, in particular PWC.