Other Receivables Payment Amount means the amount in sterling required to settle the balance outstanding on the Other Receivables to the relevant member(s) of the Seller’s Group in full on the Completion Date;
Other Receivables Payment Amount means the amount in sterling required to settle the balance outstanding on the Other Receivables to the relevant member(s) of the Seller’s Group in full on the Completion Date; “Payment Schedule” has the meaning given to it in Clause 7.2.1; “PPAs” means the power purchase agreements relating to the Projects contained in the Data Room; 7 “Press Announcements” means the press announcements relating to the Transaction in the Agreed Form; “Proceedings” means any proceeding, suit or action arising out of, or in connection with, this Agreement or its subject matter (including its validity, formation at issue, effect, interpretation, performance or termination) or any transaction contemplated by this Agreement; “Project Companies” means the companies listed in Part D of Schedule 1 (Group Details) and “Project Company” means any one of them; “Project Documents” has the meaning given to it in the Common Terms Agreement; “Projects” means the photovoltaic projects owned by the Project Companies; “Properties” means the properties, specified in Schedule 7; “Purchaser’s Disagreement Notice” has the meaning given to it in Clause 9.2.1; “Purchaser’s Group” means Beaufort Investments, S.à x.x., Vortex Solar Investments S.à x.x., Vortex Solar UK4 Limited, Vortex Solar UK3 Limited, Vortex Solar UK2 Limited and the Purchaser (including, with effect from Completion only, each Group Company), but shall exclude any third party investor in any member of the Purchaser’s Group; “Purchase Price Escrow Account” means the purchase price escrow account to be established in accordance with the Purchase Price Escrow Agreement; “Purchase Price Escrow Agreement” has the meaning given to it in Clause 4.1.2; “Purchase Price Escrow Amount” means £170,955,922.59; “Purchase Price Escrow Bank” means a reputable bank located in the United Kingdom with an investment grade credit rating of at least BBB- with Standard & Poor’s or Baa3 with Xxxxx’x, the identity of which is notified by the Purchaser to the Seller in accordance with Clause 4.1.1; “Purchase Price Escrow Period” has the meaning given to it in Clause 4.6; “Purchaser’s Relief” has the meaning given to it in the Tax Deed; “Purchaser’s Solicitors” means Xxxxxx Xxxxxx & Xxxxxxxx, LLP of 00 Xxxxxx Xxxxxx, London, EC2A 2HB, United Kingdom; “Purchaser’s Warranties” means the warranties set out in Schedule 3 (Purchaser’s Warranties); “Receivable” means the £13,215,000 receivable owed by the Direct Subsidiary to the Guarantor as at the Locked Box...
Examples of Other Receivables Payment Amount in a sentence
The Purchaser has agreed to redeem the Loan Note on behalf of the Company and pay the Other Receivables (if any) on behalf of the Company at Completion (and, for the avoidance of doubt, the Company will as a result thereof owe an amount equal to the Loan Note Redemption Amount and the Other Receivables Payment Amount (if any) to the Purchaser) in accordance with Clause 7.