Common use of Distributions and other payments Clause in Contracts

Distributions and other payments. 6.1 No distribution or deemed distribution, within the meaning of section 1000 or sections 1022-1027 of CTA 2010, has been made (or will be deemed to have been made) by the Company, except dividends shown in their statutory accounts, and Company is not bound to make any such distribution. 6.2 The Company has not, within the period of seven years preceding Completion, been engaged in, nor been a party to, any of the transactions set out in Chapter 5 of Part 23 of CTA 2010 (demergers).

Appears in 1 contract

Samples: Share Purchase Agreement (Sl Industries Inc)

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Distributions and other payments. 6.1 5.1 No distribution or deemed distribution, within the meaning of section 1000 or sections 1022-1022 to 1027 of CTA 2010, has been made (or will be deemed to have been made) by the Company, except dividends shown in their statutory accounts, and the Company is not bound to make any such distribution. 6.2 5.2 The Company has not, within the period of seven years preceding Completionthe date of this Agreement, been engaged in, nor been a party to, any of the transactions set out in Chapter 5 of Part 23 of CTA 2010 (demergers).

Appears in 1 contract

Samples: Share Purchase Agreement

Distributions and other payments. 6.1 5.1 No distribution or deemed distribution, within the meaning of section 1000 or sections 1022-1027 of CTA 2010, has been made (or will be deemed to have been made) by the Company, except dividends shown in their statutory audited accounts, and the Company is not bound to make any such distribution. 6.2 5.2 The Company has not, within the period of seven years preceding Completionthe date of this agreement, been engaged in, nor been a party to, any of the transactions set out in Chapter 5 of Part 23 of CTA 2010 (demergers).

Appears in 1 contract

Samples: Share Purchase Agreement (Future FinTech Group Inc.)

Distributions and other payments. 6.1 5.1 No distribution or deemed distribution, within the meaning of section 1000 or sections 1022-1027 of CTA 2010, has been made (or will be deemed to have been made) by the Company, except dividends shown in their statutory audited accounts, and neither the Company n is not bound to make any such distribution. 6.2 5.2 The Company has not, not within the period of seven years preceding Completionthe date of this agreement, been engaged in, nor been a party to, any of the transactions set out in Chapter 5 of Part 23 of CTA 2010 (demergers).

Appears in 1 contract

Samples: Share Purchase Agreement (Concierge Technologies Inc)

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Distributions and other payments. 6.1 21.4.1 No distribution or deemed distribution, within the meaning of section 1000 or sections 1022-1027 of CTA 2010, has within the period of seven years preceding Completion been made (or will be deemed to have been made) by the Company, except dividends shown in their statutory accounts, and the Company is not bound to make any such distribution. 6.2 21.4.2 The Company has not, within the period of seven years preceding Completion, been engaged in, nor been a party to, any of the transactions set out in Chapter 5 of Part 23 of CTA 2010 (demergers).

Appears in 1 contract

Samples: Share Purchase Agreement (EGAIN Corp)

Distributions and other payments. 6.1 No 4.1. In the last 6 years no distribution or deemed distribution, within the meaning of section 1000 or sections 1022-1027 of CTA 2010, has been made (or or, so far as the Warrantors are aware, will be deemed to have been made) by the Company, Company except dividends shown in their its statutory accounts, and the Company is not bound to make any such distribution. 6.2 4.2. The Company has not, within the period of seven years preceding Completion, been engaged in, nor been a party to, any of the transactions set out in Chapter 5 of Part 23 of CTA 2010 (demergers).

Appears in 1 contract

Samples: Share Purchase Agreement (Qumu Corp)

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