Conditions Precedent for the Payment of the Transfer Price Sample Clauses

Conditions Precedent for the Payment of the Transfer Price. 4.1 Under this Contract, the conditions precedent for the payment of the Transfer Price by the Transferee are set out as follows:
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Conditions Precedent for the Payment of the Transfer Price. 4.1 The Transferee agrees to pay RMB2,000,000 to the Transferors on the Signing Date as the deposit, which shall be automatically set off against part of the first instalment of the Transfer Price when the Transferee pays the first instalment. The Transferors hereby irrevocably undertake and warrant that, prior to the payment of the first instalment of the Transfer Price by the Transferee, no matter how the power tariff or policy changes, the Transferors shall transfer the Sale Equity Stake in accordance with this Contract, otherwise, the Transferors shall refund twice of the deposit to the Transferee; in addition, during that period, the Transferors and its agents or representatives shall not solicit any other offer regarding the Sale Equity Stake and/or the Hydroelectric Project, neither shall the Transferors discuss or negotiate the transfer of the Sale Equity Stake and/or Hydroelectric Project or the increase of the registered capital of the Company or participate in any such discussions or negotiations with any Third Party, otherwise, the Transferors shall refund twice of the deposit to the Transferee. The Transferee also warrants that it will acquire the Sale Equity Stake in accordance with this Contract, otherwise, the deposit will be retained by the Transferors.
Sample 1
Conditions Precedent for the Payment of the Transfer Price. 4.1 Under this Contract, the conditions precedent for the payment of the first instalment of the Transfer Price in the amount of RMB 100,000,000 by the Transferee are: (1) this Contract has been executed by all Parties and become effective; (2) Longquan City Administration for Industry and Commerce has officially accepted the alteration registration application concerning the transfer of Sale Equity Stake contemplated hereunder; and (3) there has been no Material Adverse Change to the Company from the Signing Date of this Contract to the First Payment Date (as defined in Article 5.2).
Sample 1

Related to Conditions Precedent for the Payment of the Transfer Price

  • Conditions Precedent to Obligation of Purchaser The obligation of Purchaser to consummate the transaction hereunder shall be subject to the fulfillment on or before the Closing Date of all of the following conditions, any or all of which may be waived by Purchaser in its sole discretion:

  • Conditions Precedent to Obligation of Buyer Buyer's obligation to consummate the transactions contemplated by this Agreement is subject to the satisfaction, on or prior to the Closing Date, of each of the following conditions, unless otherwise waived by Buyer in writing:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER The obligation of Purchaser to consummate the transactions contemplated by this Agreement is subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions (any or all of which may be waived by Purchaser in whole or in part to the extent permitted by applicable Law):

  • Conditions Precedent to Purchase The Purchase under this Agreement is subject to the conditions precedent that (a) Buyer shall have received on or before the date of such purchase those documents listed on Schedule A and (b) all of the conditions to the initial purchase under the Purchase Agreement shall have been satisfied or waived in accordance with the terms thereof.

  • Conditions Precedent to All Purchases Each Purchase (including the initial Purchase) hereunder shall be subject to the further conditions precedent that:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER The obligations of Buyer under this Agreement shall, at the option of Buyer, be subject to the satisfaction, on or prior to the Closing Date, of the following conditions:

  • CONDITIONS PRECEDENT TO THE BUYER’S OBLIGATION TO PURCHASE The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

  • CONDITIONS PRECEDENT TO SELLER'S PERFORMANCE The obligations of Seller to sell and transfer the Assets under this Agreement are subject to the satisfaction, at or before the Closing, of all the following conditions:

  • Evidence of Compliance with Conditions Precedent The Guarantor shall provide to the Guarantee Trustee such evidence of compliance with such conditions precedent, if any, provided for in this Guarantee Agreement that relate to any of the matters set forth in Section 314(c) of the Trust Indenture Act. Any certificate or opinion required to be given by an officer pursuant to Section 314(c)(1) may be given in the form of an Officers' Certificate.

  • Conditions Precedent to Obligations of the Purchaser The obligation of the Purchaser to consummate the transactions contemplated by this Agreement is subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions (any or all of which may be waived by the Purchaser in whole or in part to the extent permitted by applicable law):

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