Examples of Sale and Subscription Agreement in a sentence
Assuming no NuPower Shares are issued prior to the Demerger Record Date, the NuPower Shares issued pursuant to the Asset Sale and Subscription Agreement will be 43,883,268 or 99.99% of the expanded issued capital, and the total NuPower Shares on issue after the transaction will be 43,883,270.At the date of this Prospectus, NuPower has nil NuPower Options on issue.
In case of controversy between the Services Agreement and this Agreement the provisions of the Services Agreement shall prevail and they shall be taken as a basis in a way that is in accordance with the Share Sale and Subscription Agreement and the Shareholders’ Agreement and their annexes.
The transfer of the Demerger Assets under the Asset Sale and Subscription Agreement is subject to the approval of the Northern Territory Minister for Mines and Energy.
The Sale and Subscription Agreement stipulated that the Conditions Precedent need to be fulfilled or waived by the parties in writing on or before 31 March 2020, or such later date as the parties may in writing agree upon.
Subsequently the parties entered into an addendum to the Sale and Subscription Agreement in terms whereof the date for the completion of the Conditions Precedent was extended to 30 April 2020.
Under no circumstances will the Subscription Shares to be issued to Trustco Properties in terms of the Sale and Subscription Agreement exceed 49.9% of the issued share capital of Constantia post the subscription.
Agreement" shall mean the Share Sale and Subscription Agreement to which this Exhibit A is attached (including the Disclosure Schedule), as it may be amended from time to time.
NuPower and Arafura entered into the Asset Sale and Subscription Agreement under which NuPower agrees to purchase the Demerger Assets and receive $8.8 million from Arafura, provided certain conditions are met.
If Arafura Shareholders approve the Demerger, then NuPower proposes to use the$8.8 million of funds transferred to NuPower by Arafura to develop the Demerger Assets as follows: Table 2: NuPower Funds Allocation Once the $8.8 million of funds has been transferred from Arafura to NuPower pursuant to the Asset Sale and Subscription Agreement, NuPower will have enough working capital to carry out the objectives stated in Table 2 above.
Based on Sale and Subscription Agreement, TII controls TSGN with ability to place and replace of 3 out of 5 key management members that controls the overall business of TSGN.