Common use of Leakage Clause in Contracts

Leakage. Any dividend, distribution (whether in cash, in kind or otherwise) or return of capital (including any payment made for the purchase, redemption, repurchase, repayment or acquisition of any share capital of the Target Group Companies) declared, authorised, paid or made by any Target Group Company.

Appears in 4 contracts

Sources: Put Option Agreement (Lotus Technology Inc.), Put Option Agreement (Lotus Technology Inc.), Put Option Agreement (Lotus Technology Inc.)