COMPLETION AND PAYMENT. 6.1 Within ten (10) business days after the date the water share owner receives the Transfer(s) of the agreed volume of water share issued by the Authority, the water share owner must provide to the GBCMA:
(a) the properly signed Transfer(s) of agreed volume of water share in registrable form; and
(b) all things necessary to enable the GBCMA to become the registered proprietor of the agreed volume of water share free from any encumbrances, including, without limitation:
(i) any discharge of mortgage(s) in registrable form and releases of any security interest(s) over the agreed volume of water share; and
(ii) any fees to effect registration of any release or discharge of any encumbrances.
6.2 The date that the water share owner complies with its obligations under clause 6.1 is referred to in this contract as the "delivery of Transfer date" (see definition in clause 1.1).
6.3 The GBCMA must within five (5) business days after the delivery of Transfer date pay or transfer the consideration towards the landowner’s project without setoff or deduction in accordance with the infrastructure works deed (the "settlement date") and the water share owner hereby irrevocably authorises and directs the GBCMA to apply the consideration in accordance with the infrastructure works deed.
6.4 Ownership of the agreed volume of water share passes when the whole of the consideration is paid or transferred in accordance with clause 6.3.
COMPLETION AND PAYMENT. 4.1 Parties hereof agree that, upon the date when all the conditions as provided hereunder are fulfilled, the Transferee will hold the 48% equity interests originally owned by the Transferor, after which the Transferor holds 51% equity interests, and the Transferee holds 48% equity interests of the Company, and the Parties shall enjoy the respective rights and bear respective responsibilities in accordance with their proportionate equity interest ratio:
(a) Approval regarding this Agreement having been issued by the relevant approval authority;
(b) relevant industry and commerce administration registration procedures regarding the Share transfer as provided hereof having been completed.
4.2 Transferee agrees that it will submit the entire transfer price as provided in Article 3.1 within three (3) months upon the execution of this Agreement.
COMPLETION AND PAYMENT. 6.1. The Completion of the Subscription Shares shall take place at the Amsterdam offices of Loeff Claexx Xxxbxxx xx the First Completion Date.
6.2. The issuance of the Subscription Shares shall be carried out by means of execution of a notarial deed, in accordance with the form attached hereto as SCHEDULE 6.2,to be executed by the Notary. The Notary is a civil law notary of Loeff Claexx Xxxbxxx, xxe firm of the external legal advisors of the Company. The other Parties hereby acknowledge that they are aware of the provisions of articles 8, 9, l0 and 14.2 of the "Guidelines" concerning associations between civil law notaries ("notarissen") and associations between civil law notaries (notarissen) and barristers/solicitors ("advocaten") as established by the Board of the Royal Regulatory Body of Civil Law Notaries ("Koninklijke Notariele Beroepsorganisatie"). The other Parties hereby explicitly agree that Loeff Claexx Xxxbxxx xxxll advise and act on behalf of the Company with respect to this Share Subscription Agreement, any agreements resulting from this Share Subscription Agreement and/or any disputes resulting therefrom. To this end the other Parties hereby approve the exchange of essential information, relating to the issuance of the Subscription Shares, between the barristers/solicitors ("advocaten "), tax advisors ("fiscalisten") and civil law notaries ("notarissen") of Loeff Claexx Xxxbxxx.
COMPLETION AND PAYMENT. 5.1 Completion must take place at the offices of the Seller unless otherwise agreed by the Parties, as follows:
(a) On Completion Date, the Seller must:
(i) cause to be delivered to the Purchaser copies of its corporate approvals referred to in clause 2(a) above;
(ii) cause to be delivered to the Purchaser instruments of transfer in respect of the Shares (together with the share certificates) duly completed in favour of the Purchaser; and
(iii) procure that a meeting of the board of directors of the Company is held pursuant to board resolutions of the Company to be in the agreed form by Completion dealing with all those matters required to be approved by the Company at Completion including the following:
(1) the Registered Agent is instructed to provide a certified copy of the updated register of members to the Purchaser and the Seller and such other persons as the Purchaser or the Seller may nominate;
(2) any director of the Company is authorised to execute share certificates in the names of the Purchaser;
(3) the execution of the Shareholders Agreement by the Company is approved and any director of the Company is authorised to execute the Shareholders Agreement for and on behalf of the Company; and
(4) any changes to the directors and officers (as appropriate) of the Company as required by the Shareholders Agreement are approved and the Registered Agent is authorised and instructed to update the Company’s registers of directors and officers (as appropriate) to reflect such changes and deliver copies of the same to the Seller and to the Purchaser and consents from relevant so appointed directors to act and relevant directors’ resignation letters shall be produced in the agreed form, unless in any case waived by the Purchaser;
(b) On Completion Date, the Purchaser must, following compliance by the Seller with the provisions of clause 5.1(a) above, cause to be delivered to the Seller copies of its corporate approvals referred to in clause 2(a) above (unless waived by the Seller);
(c) The Shareholders Agreement is executed on the Completion Date by the Seller, the Purchaser, Nadash International Holdings Inc. and the Company;
(d) On the day that is thirty calendar days after the Completion Date (or if such day is not a Business Day, the next Business Day), the Purchaser must pay the Purchase Price into the account of the Seller, details of which must have been notified to the Purchaser prior to Completion, by electronic transfer of funds for same day value.
COMPLETION AND PAYMENT. Should this Agreement or a particular Order be terminated for cause, Owner may complete the Work by whatever method and means it may deem expedient. In such event, Contractor shall be paid for the cost of Work performed but not paid to date of termination pursuant to [ARTICLE 4]
COMPLETION AND PAYMENT. Landlord's contractor shall complete the ---------------------- Tenant Improvements in accordance with Tenant's approved CDP. Tenant shall promptly pay for Improvements provided at Tenant's expense prior to taking occupancy of the Premises.
COMPLETION AND PAYMENT. 3.1 At the completion of this deed the Buyer shall pay the Earn Out Payment by an electronic transfer to the client account of the Seller’s Solicitors with Lloyds TSB Bank plc of 000 Xxxxxxx Xxx, Xxxxxxxxxx, X0 0XX, Sort Code: 30-00-03 and Account Number 0000000 (who are irrevocably authorised to receive the same) and payment in accordance with this clause 3.1 shall constitute a valid discharge of the Buyer’s obligations under the clause 4.4 of the SPA as amended by this deed.
COMPLETION AND PAYMENT. All work completed under the contract shall be paid for in accordance with the provisions of these specifications. The Contractor shall accept the compensation as provided in the contract in full payment for furnishing all materials, labor, tools and equipment, including all applicable taxes and fees, necessary to complete the work and for performing all work completed and embraced under the contract.
COMPLETION AND PAYMENT. The Work shall be completed upon the completion date set forth in the Work Order. Upon completion of the Work pursuant to the terms and conditions hereof, Subcontractor shall so advise Contractor, who shall promptly, inspect such Work and approve same, if acceptable. Approval of defective workmanship and/or materials due to concealment, oversight or otherwise shall not in any way relieve the Subcontractor from the responsibility of correcting such defective workmanship and/or materials. Thereafter, Subcontractor shall submit an invoice for payment. Subcontractor shall submit a list of all of its suppliers and subcontractors that are providing materials and labor on the Work to the Contractor. Furthermore, Subcontractor shall provide to Contractor a fully notarized mechanic’s lien release from each and every supplier and subcontractor utilized by the Subcontractor prior to Contractor issuing payment. Should contractor reasonably believe that Subcontractor is behind or slow in the payment of any of its labor, subcontractors and/or materialmen, Contractor may issue its checks jointly payable to the Subcontractor and its labor, subcontractors, vendors and/or materialmen.
COMPLETION AND PAYMENT. 1. The Purchase Price shall be payable by the Purchaser to the Company within 24 hours from the time of signing this Agreement (the “Completion Date”).
2. The Purchaser shall make payment of the Purchase Price to the Company Account by the method specified in Schedule 1.