Examples of Final Purchase Consideration in a sentence
The difference between the Final Purchase Consideration and the derecognised values referred to in Clause 15.1.1 above would be recognised in statement of profit & loss account in accordance with applicable accounting standards.
The Transferee Company acknowledges that the Holdback Amount is part of Final Purchase Consideration and the Transferee Company shall not be entitled to set off the Holdback Amount against any other amount payable by the Transferor Company pursuant to this Scheme or otherwise.
The difference, if any, between the Final Purchase Consideration paid and the fair value of the net assets (fair value of Divestment Assets less fair value of Divestment Liabilities) will be adjusted in the goodwill / capital reserve account, as the case may be, in accordance with the applicable accounting standards.
It is clarified that if the Capex Adjustment is a positive number, the absolute amount will be deducted from the Completion Date Payment /Final Purchase Consideration.
The Transferor Company and the Transferee Company agree that the total lump sum consideration payable by the Transferee Company to the Transferor Company for the purchase of the Divestment Business Undertaking on a slump sale basis pursuant to the Scheme shall be the Final Purchase Consideration.
For the avoidance of doubt, if the Completion Underpayment or the Completion Overpayment described in Clauses 14.6 or 14.7 above is less than INR 10,000,000 (Rupees Ten Million only), the Completion Date Payment shall not be adjusted and no payments shall be due under this Clause 14 and Completion Date Payment shall be treated as Final Purchase Consideration.
The Transferor Company shall recognise Final Purchase Consideration, which will represent the fair value of assets and liabilities transferred as part of the Divestment Business Undertaking.
The Final Purchase Consideration shall mean INR 26,490,000,000 (Rupees Twenty Six Billion Four Hundred Ninety Million) (“ Purchase Consideration”) as adjusted by increase / (decrease) in Working Capital Adjustment (as computed in Schedule 1 Part A) and (increase)/ decrease in Capex Adjustment (as computed in Schedule 1 Part B) (such adjusted amount, the “Final PurchaseConsideration”).
The Final Purchase Consideration shall be discharged by the Transferee Company to the Transferor Company as a lump sum consideration for the sale and transfer of the Divestment Business Undertaking on a going concern basis on a slump sale basis in accordance with Section 2(42C) of the Income Tax Act, 1961 (as amended) with no independent values being assigned to the individual assets and liabilities of the Divestment Business Undertaking.
Subject to adjustment as provided in this Article 1, at the Closing, Buyer shall issue the Buyer Shares (as adjusted to reflect the Final Purchase Consideration) and the Warrants, in each case, issued to each Seller as set forth opposite such Seller’s name on Schedule 1.1, and cause and direct the Transfer Agent to deliver to the Representative reasonable evidence of the same.