INSTRUCTIONS TO APPLY PROCEEDS Sample Clauses

INSTRUCTIONS TO APPLY PROCEEDS. In the case of a Sale of Shares which is an Early Exit Event, subject to clause 27B.2 the parties must instruct the third party purchaser to pay the Sale Proceeds as set out in clause 27.2. If the Sale Proceeds of a Sale of Shares which is an Early Exit Event are not paid as set out in clause 27.2 then (without prejudice to any other remedy available at law or in equity), subject to clause 27B.2 each party has a claim against each other party who has received any Sale Proceeds for its entitlement to part of the Sale Proceeds in accordance with clause 27.2.
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Related to INSTRUCTIONS TO APPLY PROCEEDS

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