Examples of China Closing Date in a sentence
For the avoidance of doubt, Buyer shall credit each Transferred Employee with all paid time off taken into account in determining the Base Final Net Working Capital and unused by such Transferred Employee through the Base Closing Date (or, with respect to Transferred Employees relating to China CS, all paid time off taken into account in determining the China Final Net Working Capital and unused by such Transferred Employee through the China Closing Date).
With respect to the operations of China CS, all references to “Base Closing Date” in this Section 6.11 shall be deemed to refer to the China Closing Date.
Notwithstanding anything to the contrary herein, from and after the Base Effective Time (or, with respect to China CS, the China Effective Time), Buyer covenants and agrees to perform any and all obligations to repair or replace any products of the Companies and Subsidiaries that were shipped on or prior to the Base Closing Date (or, with respect to China CS, the China Closing Date), and any repair or replacement of the product will be at the sole cost and risk of Buyer.
Buyer will have on the Base Closing Date (for the avoidance of doubt, without regard to the Buyer’s ability to bring down this representation and warranty as of the Closing) and the China Closing Date sufficient funds available to deliver the Purchase Price (including any post-closing adjustments to the Purchase Price) and to consummate the transactions contemplated by this Agreement.
Pursuant to section 1.2 of Amendment No. 1, which adds a new section 2.5 to the Purchase Agreement, referring to a China Closing Date that may occur on any date mutually agreed to by the Parties, the Parties hereby agree that the China Closing Date shall occur on February 2, 2009.
The date of the China Closing is referred to herein as the "China Closing Date".
The China Closing shall be effective as of the opening of business on the China Closing Date.
The China Asset Seller shall issue valid value-added tax (“China VAT”) special invoices to the China Asset Buyer with respect to the China Closing Date Payment and the Deferred China Asset Purchase Price (which shall be paid in accordance with Section 6.22 hereof and the Local China Purchase Agreement) in accordance with PRC Law (the “China VAT Invoices”).
Except as otherwise specifically provided below, all Business Employees who are on a leave of absence on the North America Closing Date (or with respect to the Business Employees of the China Company, the China Closing Date) and who are listed on Section 7.8(a)(ii)(A) of the Seller Disclosure Letter and continue in employment with Buyer as described in Section 7.8(a)(ii), shall be included as Continuing Employees.
The obligations of the Seller Group and the Purchaser or Purchaser’s Affiliate organized under the laws of China to close the purchase and sale of the Acquired Assets located in China and the obligation of the Purchaser’s Affiliate organized under the laws of China to make offers of employment to all Chinese Transferred Employees are subject to the fulfillment or satisfaction on and as of the China Closing Date of each of the conditions set forth in the China Agreement.