Examples of BF Trust in a sentence
The General Meeting will be held on 29 March 2021 at 10.00a.m. at the offices of Tier One Capital Ltd, Keel House, Garth Heads, Newcastle upon Tyne NE1 2JE.
Mr. WANG Nian-qiang, the director of the Company, is a beneficiary of BF Trust which is an employees’ trust of the Company with BF Gold Dragon Fly (PTC) Limited acting as the trustee of the trust.
Mr. WANG Nian-qiang and the trustee of BF Trust will abstain from voting of the resolution at the EGM in respect of the interest owned by Mr. WANG Nian-qiang.
Under the BF Trust Agreement, the Xxxxxxxxx Beneficiaries appointed JB, Sr. to act as the sole trustee of the BF Trust (in such capacity, JB, Sr. is referred to as the “BFT Trustee”).
The BF Trust is the record owner of, and holds all right, title, and interest in and to, the Shares, free and clear of any Encumbrance, other than (a) any Encumbrance under the Company’s Organizational Documents, which will be released or terminated at the Closing, (b) transfer restrictions under applicable federal or state securities Laws, and (c) Encumbrances created by the Buyer.
In resolving any Disputed Item, the Independent Accounting Firm shall assign a value with respect to each item, which shall be equal to the value for such item claimed by either the Buyer or the BF Trust, and the Independent Accounting Firm may not assign a value to any item that is different from the value for such item claimed by either the Buyer or the BF Trust.
For the avoidance of doubt, neither the Company nor any of its Subsidiaries, nor the BF Trust, the California Owned Real Property Seller, nor the Colorado Owned Real Property Seller shall be required to pay the premium, underwriting fees, brokerage fees, legal fees for counsel engaged by the insurance provider, surplus lines tax, or any other cost and expense associated with obtaining the R&W Insurance Policy.
The BF Trust and the Buyer shall (and shall cause their Affiliates to) report, act, and file all Tax Returns (including, but not limited to, IRS Form 8594) in all respects and for all purposes consistent with the final allocation determined in accordance with this Section 1.6, and shall not take any position (whether in audits, Tax Returns, or otherwise) that is inconsistent with the foregoing, except to the extent required pursuant to applicable Law.
There are no claims for brokerage commissions, finders’ fees, or similar compensation in connection with the transactions contemplated by this Agreement based on any agreement made by or on behalf of the BF Trust for which the Buyer, the Company or any of their Subsidiaries would be liable following the Closing.
The BF Trust shall make changes to the proposed allocation as reasonably requested by the Buyer and the Buyer and the BF Trust shall work in good faith to resolve any such comments within ten (10) days from the date on which the BF Trust provides such comments.