Outstanding Consideration definition
Examples of Outstanding Consideration in a sentence
Subject to any set off against the 3P Consideration, Enlarged Deposit and/or the refund referred to in paragraph (e) below, the Outstanding Consideration shall be paid by way of Monthly Instalments each of which shall, on average over the period commencing from the date of the Supplemental Agreement and up to 31 August 2020, be no less than RMB10.0 million (approximately S$2.0 million).
Upon full payment of the Outstanding Consideration, the Vendor shall co-operate to transfer title to any remaining parts of the Property to the Purchaser Group.
The Outstanding Consideration as well as any liquidated damages (collectively, the “Outstanding Payment”) shall be fully paid by 10 September 2020.
As at the date of this announcement, completion of the Disposal has not yet taken place and the Outstanding Consideration is RMB19,800,000 (equivalent to HK$23,146,200).
In consideration of the extension, ▇▇▇▇▇ ▇▇ agrees to pay interest on the Outstanding Consideration on the date of completion of the Disposal at the rate of 10% per annum, calculated from 10 January 2018 to and including the date of completion.
The Original Class A Limited Partners (where all of the Original Class A Limited Partners agree in writing) may remove the General Partner, and appoint, effective as of the date of such removal, a successor General Partner, but only following: (i) on the Final Cayman 7 Call Option Completion Date; or (ii) timely settlement, in cash, of the entire Outstanding Consideration, provided in each case there has been no exercise of the Holdco Call Option.
In order to protect the Group’s interest, the Group started to charge interest on the Outstanding Consideration since the first scheduled date of completion of the Disposal on 10 January 2018.
The Borrower shall not transfer the Project, the Improvements or the Premises, or any interest therein, to any person without the prior written consent of the Bank, which consent shall not be unreasonably withheld.
Pursuant to the Supplemental Agreement, (i) the liquidated damages of 0.01% per day on the Outstanding Consideration from the relevant date of default under the Share Transfer Agreement to the Effective Date (“Accrued Liquidated Damages”) shall be paid by the Purchaser to the Company on or before the First Batch Payment Date, by way of cash or the Target Shares.
In such event, all of the provisions applicable to the Consideration Shares (including the adjustment contained in clause 10.8.4) shall continue to apply, but with the necessary changes, to permit an earlier settlement of all the Outstanding Consideration Shares.