Examples of Minority Sellers in a sentence
Without prejudice to any other rights or remedies that the Purchaser or any member of the Purchaser’s Group may have, the Minority Sellers acknowledge and agree that damages alone would not be an adequate remedy for any breach of the terms of this Clause 2.
The obligations of the Minority Sellers under this Agreement are several (and not joint or joint and several).
Each of the Minority Sellers hereby severally warrants to the Purchaser that, in the period from (but excluding) the Locked Box Date to (and including) the Completion Date, it has not received and will not receive any amount of Leakage (including as a result of the entry into or performance of this Agreement), excluding, for the avoidance of doubt, any Leakage of which the Minority Seller or anyone connected with the Minority Seller is not the direct beneficiary.
Each of the Minority Sellers shall sell with full title guarantee and free from all Encumbrances and the Purchaser shall purchase the entire legal and beneficial ownership in the number of Shares set opposite its name in Schedule 1, Part 2 (The Minority Sellers), together with all rights attached or accruing to them at Completion and all dividends declared, made or paid since the Locked Box Date (other than the dividend paid to, or to be paid to, Bond in an amount not exceeding £3,114,212).
In connection with various financing agreements trade receivables amounting to € 32,000 thousand (at 31 March 2013:€ 32,000 thousand) serve as collateral.