Common use of Closing of equity Clause in Contracts

Closing of equity. 3.1 For the purpose of this agreement, the term “completion date of equity transfer” shall mean the date on which change in equity of the Target is registered with the commercial & industrial authority (the “Completion Date”).As of the completion date, the Transferee shall undertake all rights and obligations of the Transferor to the Target covered by the assigned equity. 3.2 The Parties shall take all necessary acts to assist the Transferee and the Target in performing all necessary procedures for equity transfer until the completion date. 3.3 The Parties shall bear their own fees, taxes and duties incurred in connection with the equity transfer in accordance with the laws.

Closing of equity. 3.1 For the purpose of this agreement, the term “completion date of equity transfer” shall mean the date on which change in equity of the Target Company is registered with the commercial & industrial authority (the “Completion Date”).As of the completion date, the Transferee shall undertake all rights and obligations of the Transferor to the Target Company covered by the assigned equity. 3.2 The Parties shall take all necessary acts to assist the Transferee and the Target Company in performing all necessary procedures for equity transfer until the completion date. 3.3 The Parties shall bear their own fees, taxes and duties incurred in connection with the equity transfer in accordance with the laws.

Closing of equity. 3.1 For the purpose of this agreement, the term “completion date of equity transfer” shall mean the date on which change in equity of the Target is registered with the commercial & industrial authority (the “Completion Date”).As Date”). As of the completion date, the Transferee Transferees shall undertake all rights and obligations of the Transferor to the Target covered by the assigned equity. 3.2 The Parties shall take all necessary acts to assist the Transferee Transferees and the Target in performing all necessary procedures for equity transfer until the completion date. 3.3 The Parties shall bear their own fees, taxes and duties incurred in connection with the equity transfer in accordance with the laws.

Closing of equity. 3.1 For the purpose of this agreement, the term “completion date of equity transfer” shall mean the date on which change in equity of the Target Company is registered with the commercial & industrial authority (the “Completion Date”).As of the completion date, the Transferee shall undertake all rights and obligations of the Transferor Transferors to the Target Company covered by the assigned equity. 3.2 The Parties shall take all necessary acts to assist the Transferee and the Target Company in performing all necessary procedures for equity transfer until the completion date. 3.3 The Parties shall bear their own fees, taxes and duties incurred in connection with the equity transfer in accordance with the laws.

Closing of equity. 3.1 For the purpose of this agreementThis Agreement, the term “completion date of equity transfer” shall mean the date on which change in equity of the Target is registered with the commercial & industrial authority (the “Completion Date”).As of the completion date, the Transferee shall undertake all rights and obligations of the Transferor to the Target covered by the assigned equity. 3.2 The Parties shall take all necessary acts to assist the Transferee and the Target in performing all necessary procedures for equity transfer until the completion date. 3.3 The Parties shall bear their own fees, taxes and duties incurred in connection with the equity transfer in accordance with the laws.