The terms also include
change of control clauses where the notes holders have the option to convert into ordinary shares.
Foster's surrendered the licences to Carlsberg, Corona and Stella Artois in the space of a few months after the takeover by SABMiller under
change of control clauses.
While such
change of control clauses are not uncommon, the timing of the grant — with Tronc directly in play — is bound to further anger investors.
It will be interesting to see if they contain
a change of control clause and what that means.
SABMiller bought out Foster's in a $ 12.3 billion takeover and this triggered
a change of control clause for Corona's then Mexican owner, Grupo Modelo, allowing for the licensing switch to Lion in early 2012 — even though Foster's had spent 22 years building the Corona brand in Australia.
This is
a change of control clause.
Joint Ventures: examples of some of the cases in which we have recently acted include: a dispute between joint venturers about undistributed profits in a JV vehicle upon the operation of
a Change of Control clause; a claim on a business sale guarantee arising from the termination of a joint venture; and Tethyan Copper Company Pty v Government of Balochistan (ICC Case No. 18347 / VRO / AGF), a dispute under a joint venture contract in relation to the refusal of a mining licence over copper and gold deposits at Reko Diq, Pakistan.
Not exact matches
I've always viewed the
change to
Clause 4 in terms
of interests - clearly, «common ownership» never implied state ownership and bureaucratic
control (otherwise why the bit about «popular administration»?).
As one example, the other reviewer found seven
change -
of -
control clauses, whereas Waisberg found those seven plus five more.
We fed those examples into the system and based on those examples our system was able to build up a model
of what assignment,
change of control, confidentiality, and a whole bunch
of other
clauses look like.
Nevertheless, if Company A is purchased and now operates as a JV Company AC and there's no
change of control in that company A still operates its own business as if it were independently owned, then the contract effectively woult not have been assigned and and thus the assingment
clause would not trigger.
Instead, it took two and a half years to refine the software so it could readily identify concepts such as noncompete contract
clauses and
change -
of -
control, said Mr. Hudek, chief technology officer
of Kira Systems.