By AGH Sample Clauses

By AGH. At the Initial Closing: (a) AGH shall cause the AGH Co to subscribe for and accept from the Koubei Holdco, and the Parties shall cause the Koubei Holdco to issue and deliver to the AGH Co, 122,040,865 Shares (which shall, together with all the Shares Beneficially Owned by AGH immediately prior to the Initial Closing, constitute 50% of all issued and outstanding shares in the capital of the Koubei Holdco immediately after the Initial Closing); and (b) in consideration for the issuance of Shares set forth in paragraph (a) above, AGH Co shall pay (or cause to be paid) to the Koubei Holdco Renminbi one billion two hundred five million seven hundred sixty-three thousand seven hundred and forty-six yuan (RMB1,205,763,746) (which shall, together with the net asset value of the Koubei Holdco and its Subsidiaries as shown in the pro forma consolidated balance sheet of the Koubei Holdco as of July 31, 2015, constitute AGH’s contribution to the Joint Venture upon the Initial Closing) in immediately available funds by electronic transfer.
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By AGH. At the Second Closing: (a) AGH shall cause the AGH Co to subscribe for and accept from the Koubei Holdco, and the Parties shall cause the Koubei Holdco to issue and deliver to the AGH Co, 151,821,862 Shares (which shall, together with all the Shares Beneficially Owned by AGH immediately prior to the Second Closing, constitute 50% of all issued and outstanding shares in the capital of the Koubei Holdco immediately after the Second Closing); and (b) in consideration for the issuance of Shares set forth in paragraph (a) above, AGH Co shall pay (or cause to be paid) to the Koubei Holdco Renminbi one billion four hundred ninety-nine million nine hundred and ninety-nine thousand and nine hundred and ninety-seven yuan (RMB1,499,999,997) in immediately available funds by electronic transfer.

Related to By AGH

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  • Inspection of Goods 8.1 The Buyer shall inspect the goods upon delivery. 8.2 Where goods are damaged the Buyer shall notify the Supplier. The Buyer may reject the damaged goods and the following provisions shall apply: 8.2.1 the Supplier shall collect the damaged goods from the Buyer at the Supplier’s expense; 8.2.2 during the period between delivery of the goods to the Buyer and collection by the Supplier, the Buyer shall not be liable for any loss or further damage caused to the damaged goods; 8.2.3 all sums payable by the Buyer in relation to the damaged goods shall cease to become payable; 8.2.4 all sums paid by the Buyer in relation to the damaged goods shall be repaid by the Supplier immediately; 8.2.5 the Buyer shall be entitled to claim damages from the Supplier for any losses caused to the Buyer as a result of the goods being damaged. 8.3 Where there are shortages in the order the Buyer shall notify the Supplier and the following provisions shall apply: 8.3.1 all sums payable by the Buyer in relation to the missing goods shall cease to become payable; 8.3.2 all sums paid by the Buyer in relation to the missing goods shall be repaid by the Supplier immediately; 8.3.3 the Buyer shall be entitled to claim damages from the Supplier for any losses caused to the Buyer as a result of the shortages. 8.4 If the Buyer so requests, the Supplier shall immediately replace damaged goods or supply goods which are missing at the Supplier’s expense or the Buyer shall be entitled to cancel, without notice, the whole or any unexecuted part of the order and the rights referred to in Clause 5.2 shall apply. 8.5 Where there is an excess of goods in relation to the order the Buyer may reject the excess goods by notice in writing to the Supplier and the following provisions shall apply: 8.5.1 the Supplier shall collect the excess goods from the Buyer at the Supplier’s expense; 8.5.2 during the period between delivery of the goods and collection by the Supplier, the Buyer shall not be liable for any loss or damage caused to the excess goods; 8.5.3 no sum shall be due to the Supplier for the excess goods and in the event that sums are paid to the Supplier for the excess goods, the Supplier shall repay such sums to the Buyer immediately. 8.6 The Buyer may accept excess goods by notifying the Supplier of such acceptance and the price of the excess goods shall be payable by the Buyer. 8.7 The Supplier shall repair or replace free of charge, goods damaged or lost in transit upon receiving notice to that effect from the Buyer. 8.8 The Buyer’s signature on any delivery note of the Supplier is evidence of the number of packages received only and not evidence of the correct quantity of goods received or that the goods are in a good condition or of the correct quality.

  • Grievance on Layoffs and Recalls Grievances concerning layoffs and recalls shall be initiated at Step 2 of the grievance procedure.

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