Purchase Arrangements. 1. Within 10 working days after this agreement is signed and becomes effective, Party A shall pay US$ 2.8 million to the overseas account designated by Party B (the specific payment arrangement shall be subject to Clause 1 of Article III) as an advance payment. Both parties agree as follows:
(1) Party B shall obtain the sole and exclusive power of attorney from the Subject Company and the shareholders holding 100% of the total shares of the Subject Company for the matters set forth in this agreement;
(2) Party A will arrange its staff to survey the land and real estate of the Subject Company. In this regard, Party B and the Subject Company shall give full cooperation and assistance, and authorize or appoint responsible personnel to follow up the whole process;
(3) Party B shall settle the historical creditor’s rights and debts arising in the book of the Subject Company, and have the additional business items in the Subject Company’s business scope extended, that is, adding “electric bicycle production” or “electric power assisted bicycle production” and “electric motorcycle production (road motor vehicle production) in the permitted items” in the business scope.
(4) Party B shall complete the purchase of the shares of the Subject Company no later than May 15, 2021. Where it is approved and confirmed by Party A in writing, it shall not be later than June 15, 2021.
Purchase Arrangements. 2 Section 1.1
Purchase Arrangements. As used in this Section 3.3, the term "country" shall be deemed to include the European Economic Area. Reseller acknowledges and agrees that End Users are best served if Reseller acquires Product from SG or a Distributor in the country where such End Users will utilize Product, so that (i) satisfactory and responsive local service and support can be provided to such End Users, and (ii) Product will meet such country's particular product and regulatory requirements.
Purchase Arrangements. Except for X'Xxxxx, none of the Sellers possesses any specific knowledge of or information relating to the terms of any supply or purchase arrangement, contract or similar commitment which the Company has, at any time, entered or considered entering into with any customer or supplier. ARTICLE IVB
Purchase Arrangements. Other than with respect to those certain Xxxxx contracts as described Schedule 4B.8 hereto, such Lender Seller possesses no specific knowledge of or information relating to the terms of any supply or purchase arrangement, contract or similar commitment which the Company has, at any time, entered or considered entering into with any customer or supplier.
Purchase Arrangements. Purchase Facility. 1 Section 1.2 Increases. 2 Section 1.3 Decreases 3 Section 1.4 Payment Requirements 3 Section 1.5 Hedging Arrangements. 3 ARTICLE II PAYMENTS AND COLLECTIONS 4 Section 2.1 Payments 4 Section 2.2 Collections Prior to Amortization 5 Section 2.3 Collections Following Amortization 6 Section 2.4 Application of Collections 6 Section 2.5 Payment Rescission 6 Section 2.6 Maximum Purchaser Interests. 7 Section 2.7 Clean Up Call 7 ARTICLE III CONDUIT FUNDING 7 Section 3.1 CP Costs 7 Section 3.2 CP Costs Payments 7 Section 3.3 Calculation of CP Costs 8 ARTICLE IV FINANCIAL INSTITUTION FUNDING 8 Section 4.1 Financial Institution Funding 8 Section 4.2 Yield Payments 8 Section 4.3 Selection and Continuation of Tranche Periods. 8 Section 4.4 Financial Institution Discount Rates 9 Section 4.5 Suspension of the LIBO Rate. 9 ARTICLE V REPRESENTATIONS AND WARRANTIES 10 Section 5.1 Representations and Warranties of Seller 10 ARTICLE VI CONDITIONS PRECEDENT 14 Section 6.1 Conditions Precedent to Effectiveness 14 Section 6.2 Conditions Precedent to All Purchases and Reinvestments 14 ARTICLE VII COVENANTS 15 Section 7.1 Affirmative Covenants of Seller 15 Section 7.2 Negative Covenants of Seller 24 ARTICLE VIII ADMINISTRATION AND COLLECTION 26 Section 8.1 Designation of Servicer 26 Section 8.2 Duties of Servicer 27 Section 8.3 Collection Notices 28 Section 8.4 Responsibilities of Seller 29 Section 8.5 Collateral Reports 29 Section 8.6 Servicing Fees 29 ARTICLE IX AMORTIZATION EVENTS 30 Section 9.1 Amortization Events 30 Section 9.2 Remedies 31 ARTICLE X INDEMNIFICATION 32 Section 10.1 Indemnities by The Seller 32 Section 10.2 Indemnities by the Servicer 35 Section 10.3 Increased Cost and Reduced Return 37 Section 10.4 Other Costs and Expenses. 37 Section 10.5 Liquidity Agreements 38 ARTICLE XI THE AGENTS 38 Section 11.1 Authorization and Action 38 Section 11.2 Delegation of Duties 39 Section 11.3 Exculpatory Provisions 39 Section 11.4 Reliance by Agent. 40 Section 11.5 Non-Reliance on Agents and Other Purchasers 40 Section 11.6 Reimbursement and Indemnification 41 Section 11.7 Agents in Their Individual Capacities 41 Section 11.8 Successor Agent 41 ARTICLE XII ASSIGNMENTS; PARTICIPATIONS; TERMINATING FINANCIAL INSTITUTIONS 42 Section 12.1 Assignments. 42 Section 12.2 Participations 43 Section 12.3 Terminating Financial Institutions. 43 Section 12.4 Additional Purchase Groups 44 ARTICLE XIII RESERVED 45 ARTICLE XIV MISCELLANEOUS 45 Section 14.1 Waivers and Amend...
Purchase Arrangements. Section 1.1 Section 1.2 Section 1.3 Section 1.4 Purchase Facility Increases Decreases Payment Requirements
Purchase Arrangements. Section 1.1 Section 1.2 Section 1.3 Section 1.4 Purchase Facility. Increases. Decreases. . Payment Requirements.
Purchase Arrangements. Section 6.1. Purchaser Orders; Product Quantities Section 6.2. Placement of Orders Section 6.3. PLC License Section 6.4. Failure to Supply Section 6.5. Technology Escrow and Transfer
Purchase Arrangements
