Sale Condition definition

Sale Condition has the meaning specified in Section 7.8(a).
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Sale Condition the meaning specified in SECTION 10.21(a).
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Sale Condition means the condition set out in Schedule 2.
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Examples of Sale Condition in a sentence

  • If the IPO Condition, the PEA Condition or Trade Sale Condition are not met then Purchaser shall own a fifty percent (50%) membership interest and Seller shall own a fifty percent (50%) membership interest in the Company and the Company shall be governed in accordance with the Second A&R LLC Agreement.

  • For clarity, if the IPO Condition, the PEA Condition or a Trade Sale Condition is completed the Parties’ respective interest in the Company will be seventy percent (70%) in Purchaser and thirty percent (30%) in Seller, assuming no additional issuance of equity securities by the Company or any transfers of equity securities in the Company by Purchaser or Seller.

  • If this Contract terminated pursuant to Sale Condition 3, this Contract will be at an end, the Deposit will be returned to the Buyer and neither Party will have any further rights or obligations under this Contract, except those arising out of a breach of this Contract before the date of termination, or which are expressed or implied to survive termination.

  • If such offer is not accepted within such 30-day period, the offer shall expire and the Sale Condition shall be considered met.

  • The Sellers shall inform the Buyer of satisfaction of the relevant Sale Condition immediately on becoming aware of the same.

  • The parties hereto will use commercially reasonable efforts to cause the conditions to Closing to be satisfied and the Closing to occur as expeditiously as possible; provided, that nothing contained herein shall obligate the Company to fulfill the Sale Condition, to consummate the Senior Debt Satisfaction or obtain the Stockholder Approval.

  • The agreement to sell and buy the Sale Shares is conditional on each Sale Condition being satisfied or waived in accordance with Clause 4.5 by 5:00 pm on 30 November 2015.

  • The Buyer may at any time before the time specified in Clause 4.1 waive a Sale Condition either in whole or in part by notice to the Sellers’ Representative.

  • Subject to the satisfaction of the Commercial Sale Condition,] The Optionee may exercise the Option by delivering notice to the Company in a form specified or accepted by the Committee and signed by the Optionee or the person then having the right to exercise the Option, specifying the number of Shares with respect to which the Option is being exercised and the Option Price per Share, and paying to the Company the aggregate Option Price.

  • If the entire ownership interest of the Offering Shareholder(s) is sold to one or more third parties and/or Buyer, or if Buyer does not accept the Offering Shareholder(s)' offer to sell the unsold ownership interest in accordance with the procedures set forth in paragraph 2 above, the Sale Condition shall be considered met.


More Definitions of Sale Condition

Sale Condition means a condition set out in Schedule 3 and “Sale Conditions” means all those conditions;
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Sale Condition means the date upon which both of the following have occurred:
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Related to Sale Condition

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Mortgage Conditions means, in relation to a Mortgage Loan, the terms and conditions applicable to that Mortgage Loan and its Related Security as set out in the relevant Seller's "Mortgage Conditions" booklet and the Seller's relevant general conditions from time to time as varied by the relevant Mortgage Loan Agreement and the relevant Mortgage Deed, and any variation or supplement thereto;

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Acceptance Condition means the acceptance condition to any Offer;