Examples of Founding Vendors in a sentence
All Vendors Fundamental Representations shall be solidary representations of the Founding Vendors.
The Founding Vendors shall, and the Founding Vendors shall cause the Target Company to complete all relevant registration or filing procedures in relation to the Second Amendment to Articles of Association and the Second Adjustment of Management, with Target Company’s local branch of the SAMR within 15 business days after the Closing of the First Instalment.
No Party shall issue any press release or otherwise make public statements or filings with respect to this Agreement or the Closing Documents, or the transactions contemplated herein or therein, without the consent of the other Parties (or, in the case of the Vendors, of the Founding Vendors) which consent shall not be unreasonably withheld or delayed.
To the extent the Purchaser does not agree with such comments, the Purchaser and the Founding Vendors shall then make reasonable efforts forthwith to resolve any such disagreements.
The payment of up to S$10 million to the Founding Vendors in accordance with the terms of the SPA as set out below (“Second Tranche Consideration”), Provided that the total consideration payable for the Sale Shares and the CLS Shares shall not exceed the sum of S$30 million (“Total Consideration”).
To ensure that the Management Vendors will fulfil respective responsibilities and obligations under the main transaction documents (including the MVA Subsequent Transaction and repayment of the Management Vendors Transitional Loans), the Founding Vendors hereby irrevocably agree to cause the Management Vendors to pledge the MVA Subsequent Trading Shares to the Investor.
Phung Nhuong Giang, one of the Founding Vendors of AMS, is the present major shareholder in AMS Lotus Networks Technologies Joint Stock Company, in Vietnam (“AMS Vietnam”).
The Founding Vendors shall bear joint and several liability for all of their respective representations, warranties, undertakings, obligations and liabilities under the main transaction documents.
According to the above results of Closing Audit, if there is any Leakage of the Group Companies (excluded the Listed Group) during the period from December 31, 2021 to the Closing of the First Instalment, the Founding Vendors shall compensate the Investor for the amount of such Leakage within 10 business days after the results of Closing Audit are issued.
Finally, specify what should be done for these failure conditions.