Examples of Deed of Release in a sentence
As explained above, the entry by the Company into the Directors’ Deed of Release constitutes a related party transaction (as defined in the Listing Rules).
Therefore, the Company’s entry into the Directors’ Deed of Release does not involve the disposition of any recognised asset or contingent asset by the Company in favour of past or present directors.
Deed of Release and Disclaimer dated 31st August, 1964 by Xxx Xxxxx Xxxxxxx to Messrs.
The entry by the Company into the Directors’ Deed of Release will not have any effect on the Company’s financial position because, as with the position in relation to the Relevant Distributions and potential claims against past and present shareholders, the Company has not recorded or disclosed its right potentially to make claims against past and present directors in respect of the Relevant Distributions as an asset or contingent asset of the Company.
Within five (5) Business Days of receipt of a Payment Schedule issued in response to a Payment Claim submitted pursuant to sub-clause 12.3(a) (iii) following expiry of the Defects Liability Period, as a precondition to payment, the Sub-Contractor must execute and deliver to Total a further Deed of Release in the form set out at Schedule 3.