Common use of Share and Subordinated Loan Transfer Clause in Contracts

Share and Subordinated Loan Transfer. Within thirty (30) days after the Share and Subordinated Shareholder Loans purchase price is determined in accordance with Section 14.4: (a) the defaulting Party shall: (i) execute and deliver to the purchaser the relevant documents required to transfer the Shares and assign the Subordinated Shareholder Loans; (ii) Transfer (consistent with the Credit Documents) to the purchaser the share certificate(s) (if any) relating to the Shares and loan and security documents relating to the Subordinated Shareholder Loans; (iii) deliver to the purchaser a letter of resignation from each of the Director(s) and Commissioner(s) appointed or elected on its nomination with a waiver of all claims for compensation for loss of office; (iv) deliver to the purchaser a bank check for one half of the amount of any stamp or other transfer tax or duty payable in respect of the Transfer of the Shares and Subordinated Shareholder Loans, failing which the purchaser may deduct such sum from the purchase price of the Shares and Subordinated Shareholder Loans; (v) deliver to the purchaser all books and records of PTSC in its possession or in the possession of Director(s) or Commissioner(s) thereof elected or appointed on its nomination; and (vi) co-operate with the purchaser in the orderly transfer of the Shares and Subordinated Shareholder Loans and, where appropriate, control and management of the business and affairs of PTSC to the purchaser. (b) The purchasing Party shall deliver to the defaulting Party a bank check for the purchase price of the Shares and Subordinated Shareholder Loans less any deduction in respect of stamp or other tax or duty in accordance with subparagraph (a)(iv) of this Section 14.5.

Share and Subordinated Loan Transfer. Within thirty (30) days after the Share and Subordinated Shareholder Loans purchase price is determined in accordance with Section 14.4: (a) the defaulting Defaulting Party shall: (i) execute and deliver to the purchaser the relevant documents required to transfer the Shares and assign the Subordinated Shareholder Loans; ; (ii) Transfer (consistent with the Credit Documents) deliver to the purchaser the share certificate(s) (if any) relating to the Shares and loan and security documents relating to the Subordinated Shareholder Loans; ; (iii) deliver to the purchaser a letter of resignation from each of the Director(s) and Commissioner(s) appointed or elected on its nomination with a waiver of all claims for compensation for loss of office; ; (iv) deliver to the purchaser a bank check for one half of the amount of any stamp or other transfer tax or duty payable in respect of the Transfer of the Shares and Subordinated Shareholder Loans, failing which the purchaser may deduct such sum from the purchase price of the Shares and Subordinated Shareholder Loans; ; (v) deliver to the purchaser all books and records of PTSC the Project Company in its possession or in the possession of Director(s) or Commissioner(s) thereof elected or appointed on its nomination; and (vi) co-operate with the purchaser in the orderly transfer of the Shares and Subordinated Shareholder Loans and, where appropriate, control and management of the business and affairs of PTSC the Project Company to the purchaser. (b) The the purchasing Party shall deliver to the defaulting Defaulting Party a bank check for the purchase price of the Shares and Subordinated Shareholder Loans less any deduction in respect of stamp or other tax or duty in accordance with subparagraph (a)(iv) of this Section 14.5.

Share and Subordinated Loan Transfer. Within thirty (30) days after the Share and Subordinated Shareholder Loans purchase price is determined in accordance with Section 14.4: : (a) the defaulting Party shall: : (i) execute and deliver to the purchaser the relevant documents required to transfer the Shares and assign the Subordinated Shareholder Loans; ; (ii) Transfer (consistent with the Credit Documents) to the purchaser the share certificate(s) (if any) relating to the Shares and loan and security documents relating to the Subordinated Shareholder Loans; ; (iii) deliver iii)deliver to the purchaser a letter of resignation from each of the Director(s) and Commissioner(s) appointed or elected on its nomination with a waiver of all claims for compensation for loss of office; ; (iv) deliver to the purchaser a bank check for one half of the amount of any stamp or other transfer tax or duty payable in respect of the Transfer of the Shares and Subordinated Shareholder Loans, failing which the purchaser may deduct such sum from the purchase price of the Shares and Subordinated Shareholder Loans; ; (v) deliver to the purchaser all books and records of PTSC in its possession or in the possession of Director(s) or Commissioner(s) thereof elected or appointed on its nomination; and and (vi) co-operate with the purchaser in the orderly transfer of the Shares and Subordinated Shareholder Loans and, where appropriate, control and management of the business and affairs of PTSC to the purchaser. (b) The purchasing Party shall deliver to the defaulting Party a bank check for the purchase price of the Shares and Subordinated Shareholder Loans less any deduction in respect of stamp or other tax or duty in accordance with subparagraph (a)(iv) of this Section 14.5.

Share and Subordinated Loan Transfer. Within thirty (30) days after the Share and purchase price of the Shares and/or Subordinated Shareholder Loans purchase price is determined in accordance with Section 14.4: (a) the defaulting Party Shareholder shall: (i) execute and deliver to the purchaser the relevant documents required to transfer the Shares and assign the Subordinated Shareholder Loans; (ii) Transfer (consistent with the Credit Documents) to the purchaser the share certificate(s) (if any) relating to the Shares and loan and security documents relating to the Subordinated Shareholder Loans; (iii) deliver to the purchaser a letter of resignation from each of the Director(s) and Commissioner(s) appointed or elected on its nomination with a waiver of all claims for compensation for loss of office; (iv) deliver to the purchaser a bank check for one half of the amount of any stamp or other transfer tax or duty payable in respect of the Transfer of the Shares and Subordinated Shareholder Loans, failing which the purchaser may deduct such sum from the purchase price of the Shares and Subordinated Shareholder Loans; (v) deliver to the purchaser all books and records of PTSC PTS in its possession or in the possession of Director(s) or Commissioner(s) thereof elected or appointed on its nomination; and (vi) co-operate with the purchaser in the orderly transfer of the Shares and Subordinated Shareholder Loans and, where appropriate, control and management of the business and affairs of PTSC PTS to the purchaser.. {PH007005.1} 18 (b) The purchasing Party Shareholder shall deliver to the defaulting Party Shareholder a bank check for the purchase price of the Shares and Subordinated Shareholder Loans less any deduction in respect of stamp or other tax or duty in accordance with subparagraph (a)(iv) of this Section 14.5.