Common use of Issuance of Consideration Shares Clause in Contracts

Issuance of Consideration Shares. 3.2.1 Subject to fulfilment by the Sellers of all the Closing Obligations, the Consideration Shares shall be issued by the Issuer to the Sellers on the Closing Date. 3.2.2 The Consideration Shares shall be issued free from all Encumbrances and with full legal and beneficial title. 3.2.3 The Parties agree and acknowledge that issuance of the Consideration Shares by the Issuer to the Sellers on the Closing Date shall constitute a full and final discharge of the Purchaser’s payment obligation in respect of the Purchase Consideration under this Agreement.

Appears in 4 contracts

Samples: Share Sale Agreement (Starbox Group Holdings Ltd.), Share Sale Agreement (Starbox Group Holdings Ltd.), Share Sale Agreement (Starbox Group Holdings Ltd.)

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Issuance of Consideration Shares. 3.2.1 Subject to fulfilment by the Sellers Seller of all the Closing Obligations, the Consideration Shares shall be issued by the Issuer to the Sellers Seller on the Closing Date. 3.2.2 The Consideration Shares shall be issued free from all Encumbrances and with full legal and beneficial title. 3.2.3 The Parties agree and acknowledge that issuance of the Consideration Shares by the Issuer to the Sellers Seller on the Closing Date shall constitute a full and final discharge of the Purchaser’s payment obligation in respect of the Purchase Consideration under this Agreement.

Appears in 3 contracts

Samples: Sale and Purchase Agreement (Nova Lifestyle, Inc.), Sale and Purchase Agreement (Nova Lifestyle, Inc.), Sale and Purchase Agreement (Nova Lifestyle, Inc.)

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Issuance of Consideration Shares. 3.2.1 Subject to fulfilment by the Sellers Seller of all the Closing Obligations, the Consideration Shares shall be issued by the Issuer to the Sellers Seller or the person designated by the Seller on the Closing Date. 3.2.2 The Consideration Shares shall be issued free from all Encumbrances and with full legal and beneficial title. 3.2.3 The Parties agree and acknowledge that issuance of the Consideration Shares by the Issuer to the Sellers Seller or the person designated by the Seller on the Closing Date shall constitute a full and final discharge of the Purchaser’s payment obligation in respect of the Purchase Consideration under this Agreement.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Nova Lifestyle, Inc.)

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