Examples of Contributions in kind in a sentence
In order to validate and confirm the Contributions in Kind pursuant to the Technical Assistance Service Agreement, CNHI/Iveco shall permit Nikola to access the relevant facilities, work product, time logs, and any other documentation as Xxxxxx xxxxx necessary, in the form to be agreed by the Parties at the Initial Closing.
An increase of the share capital of the Absorbing Company by the issuance of 3,101,745 new Erytech Shares as consideration for the Contributions in Kind will be decided, prior to the Completion Date, by the board of directors of the Absorbing Company in accordance with the delegation of authority granted by the general shareholders’ meeting of the Absorbing Company on June 24, 2022 (29th resolution).
These Contributions in Kind are made in accordance with the support commitments entered into in the context of the signature of the Memorandum of Understanding, pursuant to which these shareholders of the Absorbed Company have undertaken to contribute these shares before the Completion Date (as defined below in Section 3.2.1.2) in exchange for newly issued Erytech shares, at the same exchange ratio as the Merger.
On May 15, 2023, the Board of Directors of the Absorbing Company, which approved the final completion of the Contributions in Kind, also co-opted Mr. Didier Hoch and the company Go Capital, represented by Mrs.