Sale Completion definition
Examples of Sale Completion in a sentence
If an Event of Default of Potential Event of Default has occurred and is continuing at the Sale Completion Date or the Total Loss Receipt Date, the Lender shall, without prejudice to its other rights under the Finance Documents, be permitted to require an amount greater than the relevant proportion, as the Lender may determine, to be applied in or towards prepayment of the Loan.
As a result of the Share Sale Completion, the Offeror has become the controlling Shareholder holding a total of 2,439,056,744 Shares, representing approximately 66.41% of the existing issued share capital of the Company.
The Vendor undertakes up to and until completion of this Agreement or its earlier termination to notify the Purchaser of any matter or event coming to its attention prior to Sale Completion which would or would reasonably be considered to render or have rendered any of the representations and warranties made by it set out in Clause 4 untrue, inaccurate or misleading in any material respect.
Following the Share Sale Completion, each of the Vendors has ceased to be a shareholder of the Company and was not interested in the issued share capital of the Company as at the date of this joint announcement.
Remaining Sale Completion shall take place on the Remaining Sale Completion Date at the offices of the Company at ▇▇▇▇▇ ▇▇, ▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ at 5.01 pm.
The Vendor undertakes up to and until completion of this Agreement or its earlier termination to notify the Purchaser of any matter or event coming to its attention prior to Sale Completion which would or would reasonably be considered to render or have rendered any of the representations and warranties made by it set out in Clause 7 untrue, inaccurate or misleading in any material respect.
Effective as of Remaining Sale Completion, each Vendor shall execute a lock-up agreement in the form provided by Responsys with respect to the Responsys Shares.
The representations and warranties set out in Clause 7 are given as at the date hereof and shall be deemed to be repeated by the Vendor on each day up to and including the date of Sale Completion as if given or made on such date, with reference in each case to the facts and circumstances then subsisting.
In particular they are representative of the fact that the Equipment is sold as second hand, is in excess of 16 years old and that the Equipment will, following Sale Completion, form part of the Consumers Installation owned and operated, or operated, by the Customer at the Premises.
Responsys will pay to each of the Vendors such Vendor’s Respective Proportion of the Initial Remaining Payment at Remaining Sale Completion.