OBLIGATIONS AFTER COMPLETION Sample Clauses

OBLIGATIONS AFTER COMPLETION. 7.1 Without delay after Completion, the Purchaser shall procure that the Company complies with the requirements of Schedule 6.
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OBLIGATIONS AFTER COMPLETION. If title to the Shares is not effectively vested in the Purchaser at Completion:
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OBLIGATIONS AFTER COMPLETION. 6.1 The Purchaser agrees to pay the Vendor a performance fee payment calculated based on i) the product of the PE Ratio multiplied by the Annualized Earnings and then multiply by the Acquisition Percentage, and ii) less the Sale Consideration (“the Performance Consideration”). The Purchaser agrees to pay the Performance Consideration by banker draft within two weeks upon the parties agreeing on the Audited Profits set out in clause 6.2 below but in any event no later than four months after the second anniversary of the Completion Date.
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OBLIGATIONS AFTER COMPLETION. The Existing Shareholders jointly and severally undertake to Shanghai Pujiang (except when abandoned and/or waived by Shanghai Pujiang in writing), among other matters, not to directly or indirectly transfer or assign the shareholding and/or equity interest in the Target, or dispose of the equity interest in the Target, Hezhou Hongteng and/or Hezhou Hongda or partnership equity interest by way of a pledge or repayment of a debt within five (5) years after Completion, unless with the approval of Shanghai Pujiang. Moreover, subject to the terms and conditions of the Investment Agreement, if the Existing Shareholders shall directly or indirectly transfer the shareholding and/or equity interest in the Target, Hezhou Hongteng and/or Hezhou Hongda or the limited partnership equity interest, Shanghai Pujiang shall have the first right of refusal on the proposed transfer. INFORMATION OF THE TARGET GROUP The Target Group is principally engaged in the provision of environmental maintenance services and property cleaning services in the PRC, mainly in Fujian and Sichuan provinces. The scope of services of the Target Group mainly include (i) property cleaning, (ii) environmental hygiene services, (iii) maintenance of marble and greening maintenance, (iv) garbage removal and (v) road cleaning services. As at 30 April 2019, the net asset value of the Target Group was approximately RMB38.0 million. Set out below is the consolidated financial information of the Target Group prepared under HKFRSs for the years ended 31 December 2017 and 31 December 2018 respectively: For the year ended 2018 31 December 2017 RMB’000 RMB’000 Net profit before taxation and extraordinary items 13,837 12,563 Net profit after taxation and extraordinary items 10,256 9,320 Total revenue 202,349 147,417 Upon Completion, the Target will become an indirect non-wholly owned subsidiary of the Company. Accordingly, the financial results of the Target Group will be consolidated into the financial results of the Group. INFORMATION OF THE VENDOR The Vendor is a partnership formed in the PRC with limited liability and is principally engaged in investment holding. To the best of the Directors’ knowledge, information and belief after having made all reasonable enquires, the Vendor is an Independent Third Party.
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OBLIGATIONS AFTER COMPLETION. The Seller shall after Completion;
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OBLIGATIONS AFTER COMPLETION. 6.1 The Purchaser agrees to pay the Vendors a performance fee payment of USD1,510,000 (United States Dollars One Million Five Hundred and Ten Thousand") ("the Performance Consideration") provided the Company’s Accumulated Audited Profits records at least USD3,000,000. The Purchaser agrees to pay the Performance Consideration to the Vendors by the issuance of the Purchaser shares ("Performance Shares") at a price equal to the higher of (i) USD0.006 per share and (ii) the 20 days average closing share price immediately prior to the parties agreeing on the Accumulated Audited Profits set out in clause 6.2 below. The Purchaser shall issue these Performance Shares to each of the Vendor their pro-rata Performance Shares as set out as 58.82% to GTCL and 41.18% to Mx. Xxx. The Performance Shares shall be issued within two weeks after the Parties agreed on the Accumulated Audited Profits exceeds USD3,000,000. Where: Accumulated Audited Profits is defined as the accumulated profits recorded in the Company’s audited financial statements commencing from December 31, 2107 and for each year thereafter for 5 years.
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OBLIGATIONS AFTER COMPLETION. 7.1 As soon as practicable after Completion, the Sellers shall join with the Purchasers in sending out a notice in a form to be agreed to each of the Sellers' suppliers and customers and other business contacts in respect of the Businesses informing them of the sale and purchase of the Assets.
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OBLIGATIONS AFTER COMPLETION. 14.1 The Purchaser shall file a preliminary Proxy Statement with the SEC as soon as practicable after the Completion. The Proxy Statement shall comply as to form in all material respects with the applicable provisions of the US Securities Act of 1933, as amended (“Securities Act”), and the US Securities Exchange Act of 1934, as amended (“Exchange Act”), and the rules and regulations thereunder.
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OBLIGATIONS AFTER COMPLETION. 6.1 Within one month of Completion, the Purchaser and the Company agrees to change the Company’s name and not use the word “Teko” or and “Teko Energy” in the new name.
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Related to OBLIGATIONS AFTER COMPLETION

  • Conditions Precedent to the Obligations of the Company to sell Shares at the Closing. The Company’s obligation to sell and issue to the Purchaser the Allocated Shares at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company:

  • Conditions to Xxxxx’x Obligations The obligations of Xxxxx hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by Xxxxx of a due diligence review satisfactory to Xxxxx in its reasonable judgment, and to the continuing satisfaction (or waiver by Xxxxx in its sole discretion) of the following additional conditions:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF EACH PARTY The obligations of each Party to effect the Merger and otherwise consummate the Contemplated Transactions to be consummated at the Closing are subject to the satisfaction or, to the extent permitted by applicable Law, the written waiver by each of the Parties, at or prior to the Closing Date, of each of the following conditions:

  • Conditions Precedent to Each Party’s Obligations The respective obligations of each party to consummate the transactions contemplated by this Agreement are subject to the satisfaction at or prior to the Closing Date of the following conditions precedent:

  • Conditions Precedent to Obligations of Each Party The obligations of each Party to effect the Merger and otherwise consummate the Contemplated Transactions to be consummated at the Closing are subject to the satisfaction or, to the extent permitted by applicable Law, the written waiver by each of the Parties, at or prior to the Closing, of each of the following conditions:

  • Payment Conditions The price of the whole accommodation service booked is always payable by the Guest in advance, at the latest upon arrival in the hotel. Set-off by the Guest is excluded unless the set- off relates to an undisputed or legally confirmed claim. Valid means of payment are cash in Euros, EC card, Master Card, Visa Card, Diners Card and American Express. For payment settlement we use the 3D Secure 2.0 system for secure and additional customer authorisation. For further information on data processing for payment transactions see xxxxx://xxx.xxxxx-xxx.xxx/en/data-privacy/.

  • Conditions Precedent to the Obligation of the Company to Close and to Sell the Securities. The obligation hereunder of the Company to close and issue and sell the Securities to the Purchasers at the Closing is subject to the satisfaction or waiver, at or before the Closing of the conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

  • Conditions to MLV’s Obligations The obligations of MLV hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by MLV of a due diligence review satisfactory to it in its reasonable judgment, and to the continuing satisfaction (or waiver by MLV in its sole discretion) of the following additional conditions:

  • Conditions Precedent to Obligations of the Parties The obligations of each Party to effect the Closing and to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver by such Party on or prior to the Closing Date of the following conditions:

  • Conditions to Obligations OF EACH PARTY TO EFFECT THE MERGER. The respective obligations of each party to this Agreement to effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of the following conditions:

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