Examples of Beneficial Rights in a sentence
The Beneficial Rights must be conveyed to the Company by Investors within 10 days after the completion of the Due Diligence (the “Closing”).
At the request of either party, Transferee and Transferor shall use efforts which are reasonable and commensurate with the value and materiality of the Contract, Permits, or Asset being transferred to obtain and secure any and all consents and approvals that may be necessary to effect the legal and valid sale, transfer or assignment of the Contracts, Permits or other Assets underlying the Beneficial Rights to Transferee without material change.
The term “Closing” refers to the completion of the transfer of Beneficial Rights as specified in this Agreement, subject to the satisfaction of all Closing Conditions detailed in Section 4.1(b) and compliance with the closing deliverables specified in Section 4.2. The Closing may be extended fos such time as the Parties may mutually agree in writing.
These obligations of Investors and Investor Company shall remain in effect beyond Closing, until Company is reasonably satisfied that all requisite actions have been diligently executed and all regulatory requirements pertaining to the transfer of the Beneficial Rights to Unicoin have been fully met.
The Trust Declaration shall convey to Company Beneficial Rights over the Investor Shares, in accordance with the terms and conditions specified therein.
Buyer and Seller shall make or complete such transfers as soon as reasonably practicable and cooperate with each other in any other reasonable arrangement designed to provide for Buyer the Beneficial Rights including enforcement at the cost and for the account of Buyer of any and all rights of Seller against the other party thereto, and to provide for the discharge by Buyer of any liability under such contracts, properties or other assets.
Inforte and Seller shall make or complete such transfers as soon as reasonably possible and cooperate with each other in any other reasonable arrangement designed to provide for Inforte the Beneficial Rights.
The consideration payable by Company for the Beneficial Rights shall be in unicoins, or the rights to receive unicoins, representing 140% of the appraised value, or One Hundred Sixty-Seven Million, Eight Hundred Seven Thousand, Six Hundred Forty-One United States dollars (US$167,807,641.00).
Buyer and Seller shall make or complete such transfers as soon as reasonably possible and cooperate with each other in any other reasonable arrangement designed to provide Buyer with the Beneficial Rights and to provide for Buyer’s discharge of any liability arising under the contracts, properties, rights or other assets underlying the Beneficial Rights to the extent such liability would otherwise constitute an Assumed Liability.
Seller shall use its best efforts (and bear the costs of such efforts) to obtain and secure all consents and approvals that may be necessary to effect the legal and valid sale, transfer or assignment of the assets underlying the Beneficial Rights to Buyer without any change in any of the material terms or conditions of such assets.