SALIENT TERMS OF SPA Sample Clauses

SALIENT TERMS OF SPA. This SPA is conditional upon the followings:- (a) The Vendor obtaining the approval from the Johor Land Office for the subdivision of Sold Land; (b) The Vendor obtaining all necessary corporate authorisation to perform its obligations under the SPA in respect of the Sold Land; (c) The Vendor obtaining successful conversion of Sold Land; and (d) The Purchaser obtained approval from State Authority for the sale and transfer of the Sold Land. The purchase price shall be paid by the Purchaser in the following manner: (a) First payment of RM 2,000,000.00 (Deposit Sum) on the date of the execution of this SPA. (b) Second payment of RM 2,000,000.00 shall be paid by the Purchaser to the Vendor within 20 business days upon the Purchaser or Purchaser’s solicitors’ receipt of the notification on the successful conversion of category of use and express condition of the Sold Land; (c) Third payment of RM 2,000,000.00 shall be paid by the Purchaser to the Vendor within 20 business days upon the Purchaser or Purchaser’s solicitors’ receipt of the notification on the approved building plan for the intended development over the Sold Land; and (d) Forth payment of RM 27,535,101.76 shall be deposited by the Purchaser with the Vendor’s solicitor as stakeholders within three (3) years from the payment of the second payment of purchase price or upon the Purchaser’s receipt of the notification that the Vendor is required to execute the Memorandum of Transfer in favour of the End Purchaser of the property developed on the Sold Land, whichever is the earlier.
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SALIENT TERMS OF SPA 
Sample 1

Related to SALIENT TERMS OF SPA

  • Terms of Sale The Purchase Price for all Partnership Interests purchased pursuant to Section 8.5 or Section 8.6 shall be paid at the Closing in immediately available United States funds; provided, however: (a) If the purchaser is the Partnership, the Partnership, at its election and after consultation with counsel, may pay its portion of the Purchase Price in Class A Shares (if any), immediately available United States funds, or any combination of such consideration as follows: (i) to the extent that the Partnership elects to pay the Purchase Price in Class A Shares, the Partnership shall deliver to the Selling Partner or Former Partner such number of Class A Shares as shall be equal to the quotient of (A) the portion of the Purchase Price payable in Class A Shares, divided by (B) the Applicable Class A Closing Price Average; provided, however, that if the Partnership owns Class A Shares of more than one Company, the Partnership must deliver Class A Shares of each such Company in the same proportion as the Partnership’s ownership of Class A Shares of such Companies prior to such purchase; and (ii) immediately available United States funds equal to that portion of the Purchase Price not paid by delivery of Class A Shares. (b) If the purchaser is a Partner, such Partner, at its election, may pay its portion of the Purchase Price in Class A Shares (if any), immediately available United States funds, or any combination of such consideration as follows: (i) to the extent that the Partner elects to pay the Purchase Price in Class A Shares of a Company, such Partner shall deliver to the Selling Partner or Former Partner such number of Class A Shares of that Company as shall be equal to the quotient of (A) the portion of the Purchase Price payable in Class A Shares of that Company, divided by (B) the Applicable Class A Closing Price Average (and the Partner may pay with Class A Shares of more than one Company in which event this calculation shall be made with respect to the Class A Shares of each Company whose Class A Shares are being used for payment); and (ii) immediately available United States funds equal to that portion of the Purchase Price not paid by delivery of Class A Shares.

  • ATTACHMENT A Equity Funds

  • ATTACHMENT B FORM OF RELEASE AGREEMENT

  • Contract Terms The contract term will be one (1) year, effective from date of award. The City and the Supplier shall have the option to renew this contract for an additional two (2) one-year periods. The contract shall commence upon the issuance of a Notice of Award by the City of Xxxxxx and shall automatically renew each year, from the date of award by City Council, unless either party notifies the other prior to the scheduled renewal date. At the sole option of the City of Xxxxxx, the contract may be further extended as needed, not to exceed a total of six (6) months.

  • Agreement Terms The terms of the Agreement conform to University policy. The period of performance for the project is approximately one (1) year. The amount of funding support will not exceed $200,000. Since research projects are often amended, this agreement includes provisions for changes in time and scope. University procedures for approval of these changes will be followed and additional conflict of interest review will be done as appropriate.

  • ATTACHMENT C STANDARD STATE PROVISIONS FOR CONTRACTS AND GRANTS

  • CONTRACT TERMS AND CONDITIONS This section sets forth the terms and conditions of the Contract.

  • CLOUD SPECIFIC TERMS AND CONDITIONS To the extent that Contractor has received an award for Lot 3, Cloud, the following terms and conditions apply to Lot 3, Cloud. For the duration of an Authorized User Agreement, the Cloud Solution shall conform to the Cloud Solution Manufacturer’s specifications, Documentation, performance standards (including applicable license duration, warranties, guarantees, Service Level Agreements, service commitments, and credits). Contractor is responsible for providing physical and logical security for all Data, infrastructure (e.g. hardware, networking components, physical devices), and software related to the services the Contractor is providing under the Authorized User Agreement. All Data security provisions agreed to by the Authorized User and Contractor within the Authorized User Agreement may not be diminished for the duration of the Authorized User Agreement without prior written agreement by the parties amending the Authorized User Agreement.

  • Amendment Terms All revisions to this Agreement may only be made by written amendment executed by both parties and approved by the Office of the Attorney General prior to the end date of this Agreement.

  • Service Terms Each Service Order will provide for a service term. At the end of the service term of any Service Order, unless either party gives written notice to the other party of its intention not to renew at least ninety (90) days before the end of a service term, the term of such Service Order will automatically renew for successive twelve (12) month periods. Termination of one Service Order will not affect the term of any other Service Order.

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