Consideration Payment Date definition

Consideration Payment Date means the date on which the Sale Consideration has been transferred into the Liquidation Account by the Successful Bidder in terms of sub-clause X of Clause 5.4 of this document and which shall be any date within 30 (Thirty) days or 90 (Ninety) days, as the case may be, from the issuance of the Letter of Intent (“LoI”) to the Successful Bidder;
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Consideration Payment Date means the date on which the 1st Installment i.e 15% of the Final Consideration shall be deposited by the Successful Bidder(s) within 15 days from the date of issuance of LOI and 75% of the Final Consideration or Balance Consideration shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 90 (Ninty) days from the issuance of the LoI (s) to the Successful Bidder(s).
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Consideration Payment Date means the date on which the Final Consideration shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 90 (ninety) days from the auction date. Payments made after thirty days from the auction date shall attract interest at the rate of 12%.
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Examples of Consideration Payment Date in a sentence

  • Notwithstanding the foregoing, after occurrence of Completion, the Purchaser shall not be entitled to assign or otherwise transfer to any other Person, its obligation to pay the Deferred Consideration to the Seller on the Deferred Consideration Payment Date.


More Definitions of Consideration Payment Date

Consideration Payment Date means the date on which the Final Consideration shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 15 (fifteen) days from the issuance of the LoI(s) to the Successful Bidder(s).
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Consideration Payment Date means the date or dates described in the definition of Consideration Value on which payments are to be made or consideration is to be granted to UBS under this Part 5(h), except that in the case of any Swap Consideration Amount based on a Valuation Amount, the Consideration Payment Date shall be the fifth (5th) Local Business Day following the receipt by the Counterparties of the Valuation Agent’s report on the Valuation Amount. “UBS Share” means the percentage, expressed as a decimal, determined by multiplying (i) an amount equal to (A) the Expected Exposure divided by (B) the aggregate outstanding obligations owed to the First Priority Debt Creditors as of the date of calculation (whether or not then due and payable), by (ii) the UBS Percentage, expressed as a decimal.
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Consideration Payment Date means the date on which the 1st Instalment i.e. 25% of the Final Consideration shall be deposited by the Successful Bidder(s) within 7 days from the declaration of successful bidder from the date of declaration of successful bidder and 75% of the Final Consideration or Balance Consideration along with Interest as per the applicable regulation, if any shall be deposited by the Successful Bidder(s) into the Liquidation Account, within 90 (Ninety) days from the issuance of the LoI (s) to the Successful Bidder(s) with interest @ 12% for payments beyond 30 days. “The Company” or “Corporate Debtor” M/s Nayak Infrastructure Private Limited (in Liquidation) acting through the Liquidator;
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Consideration Payment Date. The date on which Hartcourt Education pays cash consideration and issues Restricted Shares of Hartcourt Common Stock to Xxxx Xxxxxxxx and Xxx Gang as set out in Clause 4.5.
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Consideration Payment Date has the meaning given to it in clause 4.1;
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Consideration Payment Date means the date on which Balance Consideration along with Interest as per the applicable regulation, if any shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 90 (Ninety) days from the issuance of the LoI (s) to the Successful Bidder(s);
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Related to Consideration Payment Date

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Redemption Payment Date As defined in Section 13.1.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Cash Amount means an amount of cash equal to the product of (i) the Value of a REIT Share and (ii) the REIT Shares Amount determined as of the applicable Valuation Date.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.