Phase 3 Implementation Agreement definition
Examples of Phase 3 Implementation Agreement in a sentence
As envisioned in the conditions precedent contained in clause 4.1.16 of the Phase 3 Implementation Agreement, it is hereby confirmed that Anooraq/Pelawan/the trustees of the Pelawan Trust acknowledge/s and fully understand/s the terms of the BEE Principles Schedule.
Unless the fulfilment of the condition precedent contained in clause 4.1.19 of the Phase 3 Implementation Agreement shall have resulted in RPM holding a different number of shares in Holdco’s issued share capital, RPM shall, as at the Closing Date (and prior to the implementation of the Phase 3 Transactional Agreements), be the registered and beneficial owner of 27 450 ordinary shares of R1 each in the issued share capital of Holdco.
The provisions of clauses 9 to 16 (both inclusive) of the Phase 3 Implementation Agreement shall apply mutatis mutandis in respect of this Agreement; provided that for purposes of clause 9 of such agreement, APL’s domicilium shall be the same as RPM’s.
If the Condition shall not have been fulfilled by the last date for the fulfilment of the conditions precedent to the Phase 3 Implementation Agreement, this Agreement (save for clauses 1 to 3 (both inclusive), this clause 4.2 and clauses 12 and 13 which shall remain of full force and effect) shall lapse and shall be of no force and effect and neither Party shall have any claim against the other in terms hereof or arising from the failure of the Condition.
As envisioned in the conditions precedent contained in clause 4.1.15 of the Phase 3 Implementation Agreement, it is hereby confirmed that Anooraq/Pelawan/the trustees of the Pelawan Trust acknowledge/s and fully understand/s the terms of the BEE Principles Schedule.