Promoter Sellers definition
Examples of Promoter Sellers in a sentence
The Purchasers, Promoter Sellers and SRH shall use their best efforts to locate the minority Shareholders listed in Schedule IV and SRH shall acquire the Shares held by such minority Shareholders after Closing Date.
Each of the Promoter Sellers, Investor Seller and Other Sellers is hereinafter referred to individually as a “Seller” and collectively, as the “Sellers”.
There are no material facts or circumstances in relation to the business, the Company and the Promoter Sellers or the transactions contemplated in this Agreement which have not been fully and fairly disclosed in writing and which if disclosed might reasonably have been expected to affect the decision of Acquirer to enter into this Agreement.
Subject as mentioned above, the whole of the monies standing to the credit of the Retention Escrow Account (if any) shall be paid to the Promoter Sellers upon the completion of 18 (Eighteen) months from the Closing Date.
Upon the expiry of 18 (eighteen) months of the Closing Date, the amounts remaining in the Retention Escrow Account, less the amounts of any Claims that have been made by the Indemnified Parties against the Promoter Sellers at such time, shall be released to the Promoter Seller Indemnifying Persons out of the Indemnity Retention Amount.