COMPLETION OF THE PLACING Sample Clauses

COMPLETION OF THE PLACING. Subject to fulfilment of the Conditions, Completion shall take place in the following manner: - (a) on or before 11:00 a.m. on the Completion Date, the Company shall allot and issue all Placing Shares and deposit all Placing Shares into the CCASS Participant Account designated by the Placing Agent; and (b) on or before 11:00 a.m. on the Completion Date, the Placing Agent shall pay or procure payment to the Company in HK$ the Placing Proceeds less the Expenses and the placing commission payable to it pursuant to Clause 5.1(a) by cheque (crossed “account payee only”) or cashier’s order drawn on a licensed bank in Hong Kong and payable to the Company or, if the Company so requests in writing, by transfer to such bank account as the Company may have nominated in writing or by such other means as the Company and the Placing Agent may agree.
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COMPLETION OF THE PLACING. 4.1 Completion of the Placing will take place on the Closing Date in respect of the Sale Shares. Completion of the transfer of the Sale Shares shall take place in CCASS on a free of payment basis. On or before 10:00 a.m.(Hong Kong time) on the Closing Date, the Vendor shall procure that its designated Participant(s) (including, where applicable, the Joint Placing Agents or DB acting as the Settlement Agent (the “Settlement Agent”)) inputs free of payment delivery instructions in CCASS to deliver the Sale Shares on completion of the Placing in accordance with this Agreement and the General Rules and the Operational Procedures to the CCASS stock accounts of the relevant Participant(s) of the Joint Placing Agents. 4.2 The Vendor shall procure that the Sale Shares delivered at completion of the Placing in accordance with the preceding provisions of this Clause 4 shall comply in all respects with Clause 2.4. 4.3 Against compliance by the Vendor with its obligations pursuant to Clauses 4.1 and 4.2 and subject to Clause 12, the Settlement Agent shall on the Closing Date make or procure the making of payment to the Vendor in Hong Kong dollars of the aggregate Placing Price of the Sale Shares (less the commission and expenses payable to the Joint Placing Agents referred to in Clause 9), the payment of which shall constitute a complete discharge of the Joint Placing Agents’ obligations to purchase or procure the purchase of the Sale Shares hereunder. Such payment shall be made for value on the Closing Date and to the following bank account: Name of Bank: DBS Bank Ltd, Hong Kong Branch Swift Code: XXXXXXXX Account Name: DATANG HOLDINGS (HONGKONG) INVESTMENT COMPANY LIMITED Account Number: 30010939088 4.4 The Vendor hereby acknowledges that each Joint Placing Agent in performing its obligations and functions under Clauses 2 and 4, is authorised to appoint one or more sub-placing agents or selling agents in the United States and/or elsewhere and that such agents shall be agents of the Vendor in despatching documents relating to the Placing to Placees and the Vendor hereby authorises and confirms that it will, on the terms of and subject to the provisions of this Agreement, as soon as practicable upon request by the Joint Placing Agents ratify and approve all actions lawfully, properly and reasonably taken or to be taken by such agents and the Joint Placing Agents in connection with the Placing in accordance with or in anticipation of the terms of this Agreement. All fe...
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COMPLETION OF THE PLACING. 5.1 Subject to Clause 4, completion of the Placing shall take place on the Closing Date or as soon as practicable thereafter or such other time and/or date as HSBC (for and on behalf of the Placing Agents) and the Company may agree in writing. 5.2 On completion, the Company shall: (A) allot and issue to HKSCC Nominees Limited the Placing Shares and deliver to the Placing Agents (i) copies of the resolution by the Board or the committee or person authorised by the Board authorising the issue and allotment of the Placing Shares, and (ii) copies of irrevocable instruction letters, placing forms and other documents issued by the Company to its share registrars required for the deposit by the Placing Agents of the Placing Shares in CCASS; and (B) deliver to the Placing Agents a copy of its written instruction to its share registrars to update the register of members to reflect the issue of the Placing Shares. 5.3 The Company shall procure satisfaction of the events set out in Clause 5.2 on or prior to 8:00 a.m. (Hong Kong time) on the Closing Date. 5.4 Prior to 9:30 a.m. on the Closing Date, Mizuho shall make or procure the making of payment in Hong Kong dollars in immediately available funds to HSBC, as settlement agent for the purposes of this Agreement, of an amount equivalent to the proceeds of the Placing that it receives from Placees procured by it (less the amounts payable to Mizuho referred to in Clause 7.1) to the bank account notified by HSBC to Mizuho as soon as practicable after the date of this Agreement and in any event no later than two Business Days before the Closing Date. 5.5 HSBC (or its nominee(s) or agent(s)) shall at or around 10:00 a.m. on the Closing Date make or procure the making of payment in Hong Kong dollars in immediately available funds to the Company of an amount equivalent to: 5.5.1 the proceeds of the Placing that it receives from Placees procured by it (less the amounts payable to HSBC referred to in Clause 7.1); and 5.5.2 subject to Mizuho complying with its obligations under Clause 5.4, for and on behalf of Mizuho, the proceeds of the Placing that Mizuho receives from Placees procured by it (less the amounts payable to Mizuho referred to in Clause 7.1), to the bank account notified by the Company to HSBC as soon as practicable after the date of this Agreement and in any event no later than two Business Days before the Closing Date. 5.6 The Placing Shares shall be offered by the Placing Agents as agent for the Company at the ...
Sample 1
COMPLETION OF THE PLACING. 4.1 Subject to the Conditions having been satisfied or waived (as the case may be), completion of the Placing shall take place on the Closing Date or such other time and/or date as the Joint Placing Agents and the Company may agree in writing.
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COMPLETION OF THE PLACING. Conditional upon the satisfaction of the Conditions set out in Clause ‎5, completion of the Placing will take place on the Closing Date in respect of the Placing Shares. On or before 9:30 a.m. on the Closing Date, the Company shall duly allot and issue the Placing Shares credited as fully paid in accordance with this Agreement on terms that they will rank pari passu in all respects with the existing issued Shares, and shall procure that its Share Registrar shall deliver the share certificates to HKSCC Nominees Limited for crediting into the Settlement Agent's designated CCASS participant's accounts in accordance with the details provided to the Company by the Settlement Agent prior to the Closing Date, for immediate effect of book entry settlement of the Placing Shares on the completion of the Placing in accordance with this Agreement and the General Rules and the Operational Procedures and shall provide to the Settlement Agent written evidence satisfactory to the Joint Placing Agents of such delivery instructions having been duly provided. Against the compliance by the Company with its obligations under Clause ‎4.3 and subject to Clause ‎10, each Joint Placing Agent shall place instruction in CCASS matching the Settlement Agent in delivery-versus-payment method for the Placing Shares purchased by the Placees procured by such Joint Placing Agent against the aggregate gross proceeds (together with such brokerage, SFC transaction levy and Stock Exchange trading fee payable by such Placees) on the Closing Date.
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COMPLETION OF THE PLACING. 5.1 Subject to the fulfilment of the Condition, completion of the Placing shall take place on the Closing Date ("Completion"). 5.2 On or prior to 9:30 a.m. on the Closing Date, (A) the Company shall allot and issue or procure the transfer of, to HKSCC Nominees Limited the Placing Shares and shall deliver to the Placing Agent (i) copies of the board resolution authorising the issue and allotment of the Placing Shares; (ii) copies of instruction letters, placing forms and other documents issued by the Company to its share registrars required for the deposit by the Placing Agent of the Placing Shares in CCASS as directed by the Placing Agent; and (B) the Company shall deliver to the Placing Agent a copy of its written instruction to its share registrars to update the register of members to reflect the issue and the transfer of the Placing Shares. The Placing Agent shall render appropriate assistance to the Company for such purpose. 5.3 Against compliance with the provision of Clause 5.2, the Placing Agent (or its nominees or agents) shall before 10:00 a.m. on the Closing Date make or procure the making of payment in Hong Kong dollars in immediately available funds to the Company of an amount equivalent to the Placing Price multiplied by the number of Placing Shares placed by the Placing Agent (less the amounts payable to them referred to in Clause 7.1) to the bank account notified by the Company in writing to the Placing Agent on or before noon on the Business Day immediately prior to the Closing Date), the payment of which shall constitute a complete discharge of the obligations of the Placing Agent to use its best efforts to procure the placing of the Placing Shares hereunder. The Company acknowledges that payment to such bank account shall constitute full and final discharge of the Placing Agent’s obligations to pay the consideration for the Placing Shares hereunder, and the Placing Agent shall not be concerned with any allocation of such monies by the Company following payment. 5.4 The Company hereby acknowledges that the Placing Agent in performing its obligations and functions under Clause 2, is authorised to appoint one or more sub-placing or selling agents in Hong Kong and/or elsewhere to be its delegates in respect of all or any of its relevant rights, duties, powers and discretions in such manner and on such terms as it thinks fit (with or without formality and without prior notice of any such delegation being required to be given to the Company) pr...
Sample 1
COMPLETION OF THE PLACING. Completion of the Placing is expected to take place on 8 May 2002 or such later date as may be agreed by the Company, ITC and the Placing Agent.
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Related to COMPLETION OF THE PLACING

  • Completion of the Project The Participating County acknowledges it is obligated to undertake and complete the design and construction of the Project in compliance with all of the applicable terms and conditions of the Project Documents and the Participating County agrees to use its best efforts to cause the completion of design and construction of the Project in compliance with the applicable terms and conditions of such documents. The Participating County agrees to complete the Project in accordance with this Agreement and consistent with the scope, cost and schedule established by the Board and attached hereto in Exhibit A, as such scope, cost and schedule may be modified with the approval of Finance and the recognition of the Board.

  • Completion of the Work The Contractor must obtain Material Completion as defined in Section 6.1.2 below prior to any occupancy of the Project.

  • Execution of the Project (a) The Recipient declares its commitment to the objectives of the Project as set forth in Schedule 2 to this Agreement, and, to this end, shall carry out the Project through its MoE with due diligence and efficiency and in conformity with appropriate financial, economic, environmental and administrative practices, and shall provide, promptly as needed, the funds, facilities, services and other resources required for the Project. (b) Without limitation upon the provisions of paragraph (a) of this Section and except as the Recipient and the Association shall otherwise agree, the Recipient shall carry out the Project in accordance with the Implementation Program set forth in Schedule 4 to this Agreement. (a) Except as the Association shall otherwise agree, procurement of the goods, works and consultants’ services required for the Project and to be financed out of the proceeds of the Grant shall be governed by the provisions of Schedule 3 to this Agreement, as said provisions may be further elaborated in the Procurement Plan. (b) The Recipient shall update the Procurement Plan in accordance with terms of reference acceptable to the Association, and furnish such update to the Association not later than twelve (12) months after the date of the preceding Procurement Plan, for the Association’s approval. Section 3.03. Without limitation upon any of its obligations under paragraph (a) of Section 3.01 of this Agreement and except as the Recipient and the Association shall otherwise agree, the Recipient shall: (i) not later than by the effectiveness of this Agreement open a separate project account (the Project Account) in a commercial bank acceptable to the Association; (ii) thereafter maintain the Project Account during the entire Project implementation period, and replenish said Account regularly with funds sufficient to ensure the Recipient’s Project co-financing obligations; and (iii) use the amount in the Project Account exclusively for financing the Recipient’s contribution to Project expenditures. Section 3.04. For the purposes of Section 6.09 of the General Conditions and without limitation thereto, the Recipient shall: (a) prepare, on the basis of guidelines acceptable to the Association, and furnish to the Association not later than six (6) months after the Closing Date or such later date as may be agreed for this purpose between the Recipient and the Association, a plan designed to ensure the continued achievement of the Project’s objectives; and (b) afford the Association a reasonable opportunity to exchange views with the Recipient on said plan.

  • Upon completion of the Project the Recipient shall make a full and complete accounting to the OPWC of the Eligible Project Cost.

  • Construction of the Project The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the Apartment/ Plot and accepted the floor plan, payment plan and the specification, amenities and facilities annexed along with this Agreement which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the bye-laws, FAR, and density norms and provisions prescribed by the relevant building bye-laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of this Agreement.

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project (a) The Company intends and expects, together with any Sponsor Affiliate, to (i) construct and acquire the Project, and (ii) meet the Contract Minimum Investment Requirement within the Investment Period. The Company anticipates that the first Phase of the Project will be placed in service during the calendar year ending December 31, 2020. (b) Pursuant to the FILOT Act and subject to Section 4.03 hereof, the Company and the County hereby agree that the Company and any Sponsor Affiliates shall identify annually those assets which are eligible for FILOT payments under the FILOT Act and which the Company or any Sponsor Affiliate selects for such treatment by listing such assets in its annual PT-300S form (or comparable form) to be filed with the Department (as such may be amended from time to time) and that by listing such assets, such assets shall automatically become Economic Development Property and therefore be exempt from all ad valorem taxation during the Exemption Period. Anything contained in this Fee Agreement to the contrary notwithstanding, the Company and any Sponsor Affiliates shall not be obligated to complete the acquisition of the Project. However, if the Company, together with any Sponsor Affiliates, does not meet the Contract Minimum Investment Requirement within the Investment Period, the provisions of Section 4.03 hereof shall control. (c) The Company may add to the Land such real property, located in the same taxing District in the County as the original Land, as the Company, in its discretion, deems useful or desirable. In such event, the Company, at its expense, shall deliver an appropriately revised Exhibit A to this Fee Agreement, in form reasonably acceptable to the County.

  • Construction of the Project Highway (i) The Contractor shall construct the Project Highway as specified in Schedule- B and Schedule-C, and in conformity with the Specifications and Standards set forth in Schedule-D. The Contractor shall be responsible for the correct positioning of all parts of the Works, and shall rectify any error in the positions, levels, dimensions or alignment of the Works. The [650th (six hundred and fiftieth) day] from the Appointed Date shall be the scheduled completion date (the “Scheduled Completion Date”) and the Contractor agrees and undertakes that the construction shall be completed on or before the Scheduled Completion Date, including any extension thereof. (ii) The Contractor shall construct the Project Highway in accordance with the Project Completion Schedule set forth in Schedule-J. In the event that the Contractor fails to achieve any Project Milestone or the Scheduled Completion Date within a period of 30 (thirty) days from the date set forth in Schedule-J, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority of a sum calculated at the rate of 0.05% (zero point zero five percent) of the Contract Price for delay of each day reckoned from the date specified in Schedule –J and until such Project Milestone is achieved or the Project Highway is completed; provided that if the period for any or all Project Milestones or the Scheduled Completion Date is extended in accordance with the provisions of this Agreement, the dates set forth in Schedule-J shall be deemed to be modified accordingly and the provisions of this Agreement shall apply as if Schedule-J has been amended as above; provided further that in the event the Project Highway is completed within or before the Scheduled Completion Date including any Time Extension, applicable for that work or section, the Damages paid under this Clause 10.3 (ii) shall be refunded by the Authority to the Contractor, but without any interest thereon. The Parties agree that for determining achievement or delays in completion of the Project Milestones or the Project on the due date, the works affected due to delay in providing the site for which time extension has been granted beyond the Scheduled Completion Date will be excluded. For example on the due date to achieve the Project Milestone-I (i.e., Stage Payments of 10% (ten percent) of Contract Price on 180th (one hundred and eighty) day from the Appointed Date), if 5% (five percent) of the project length corresponding to the Project Milestone-I is not handed over or lately handed over resulting in the extension of completion of this 5% (five percent) length beyond Scheduled Completion Date, Stage Payment of 10% X 0.95 = 9.5% only is to be achieved by 180th (one hundred and eighty) day. For the avoidance of doubt, it is agreed that recovery of Damages under this Clause 10.3 (ii) shall be without prejudice to the rights of the Authority under this Agreement including the right of Termination thereof. The Parties further agree that Time Extension hereunder shall only be reckoned for and in respect of the affected Works as specified in Clause 10.5 (ii). (iii) The Authority shall notify the Contractor of its decision to impose Damages in pursuance with the provisions of this Clause 10.3. Provided that no deduction on account of Damages shall be effected by the Authority without notifying the Contractor of its decision to impose the Damages, and taking into consideration the representation, if any, made by the Contractor within 20 (twenty) days of such notice. The Parties expressly agree that the total amount of Damages under Clause 10.3 (ii) shall not exceed 10% (ten percent) of the Contract Price. If the damages exceed 10% (ten percent) of the Contract Price, the Contractor shall be deemed to be in default of this agreement having no cure and the Authority shall be entitled to terminate this Agreement by issuing a Termination Notice in accordance with the provisions of Clause 23.1 (ii). (iv) In the event that the Contractor fails to achieve the Project Completion within a period of 90 (ninety) days from the Schedule Completion Date set forth in Schedule-J, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, the contractor shall be deemed to be ineligible for bidding any future projects of the Authority, both as the sole party or as one of the parties of Joint Venture/ Consortium during the period from Scheduled Completion Date to issuance of Completion Certificate. This restriction is applicable if the contract value of the delayed project is not less than Rs. 300 Crore.

  • Completion of Concrete Pours and Emergency Work (a) Except as provided in this sub-clause an Employee shall nor work or be required to work in the rain. (b) Employees shall not be required to start a concrete pour in Inclement Weather. (c) Where a concrete pour has been commenced prior to the commencement of a period of Inclement Weather Employees may be required to complete such concrete pour to a practical stage and for such work shall be paid at the rate of double time calculated to the next hour, and in the case of wet weather shall be provided with adequate wet weather gear. (d) If an Employee’s clothes become wet as a result of working in the rain during a concrete pour the Employee shall, unless the Employee has a change of dry working clothes available, be allowed to go home without loss of pay. (e) The provisions of clauses 32.7(c) and 32.7(d) hereof shall also apply in the case of emergency work where the Employees concerned and their delegates agree that the work is of an emergency nature and can start and/or proceed.

  • CONSTRUCTION OF THE PROJECT/ APARTMENT The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the [Apartment/Plot] and accepted the floor plan, payment plan and the specifications, amenities and facilities [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent Authorities and shall also strictly abide by the bye-laws, FAR and density norms and provisions prescribed by the [Please insert the relevant State laws]and shall not have an option to make any variation /alteration / modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • Substantial Completion 9.8.1 When the Contractor considers that the Work, or a designated portion thereof which has been accepted in writing to by the State, is substantially complete as defined in Subparagraph

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