Sale Loan definition

Sale Loan means the shareholder’s loan and other monies in the aggregate amount of RMB649,741,101.64 as at 31 July 2016 owed or otherwise payable by the Disposal Company to the Vendor and its related parties after deduction of the monies payable by the Vendor to the Disposal Company;

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Sale Loan. ’ means the outstanding amount of the loan as at Completion Date (which is estimated to be EUR2 ,936 , 677 (equivalent to approximately HK$25,494,129) which is due and owed by the Target Company to New Century REIT pursuant to an interest-free loan facility of EUR11,000,000 extended by New Century REIT to the Target Company;

Sale Loan. ’ means the loan in the sum of HK$200,000,000 owed by the Target Company (B) to Vendor (B) as at the date of the Share Transfer Agreement (B) and all other moneys, debts, liabilities and obligations whatsoever which are now or may at any time before Completion (B) be, or become from time to time, due and owing, incurred or outstanding by any member of the Target Company (B) to Vendor (B)

Examples of Sale Loan in a sentence

Promissory Note; Bill of Sale; Loan Agreement; Sales Agreement; Purchase of Business Agreement; More >> Business.
Promissory Note; ▇▇▇▇ of Sale; Loan Agreement; Sales Agreement; Purchase of Business Agreement; More >> Business.
To the best of the Company's knowledge, each material representation and warranty made by the Company or any of its Subsidiaries to any Person with respect to any Servicing Released Loan or Servicing Sale Loan in connection with the sale of such Servicing Released Loan or Servicing Sale Loan was and is accurate and complete in all respects.
Reference is made to the announcement made by the Company dated 29 November 2017 in relation to the proposed disposal of the Sale Share and the Sale Loan (the “Announcement”).
The Agreement was entered into between the Vendor and the Purchaser on 29 November 2017 (after trading hours) in relation to the disposal of the Sale Share and the Sale Loan at a total cash consideration of HK$52,000,000.

More Definitions of Sale Loan

Sale Loan a shareholder’s loan advanced by the Vendor to the Target Company for the purpose of acquiring the Property with an outstanding principal amount of HK$50,856,000 as at 29 November 2017 “Sale Share” 1 ordinary share of US$1.00 each of the Target Company, representing the entire issued share capital of the Target Company “Share(s)” ordinary share(s) of HK$0.01 each in the capital of the Company “Shareholder(s)” holder(s) of the Share(s)

Sale Loan all obligations, liabilities and debts owing or incurred by the Target Group to the Vendor on or at any time prior to the Acquisition Completion whether actual, contingent or deferred and irrespective of whether or not the same is due and payable on the Acquisition Completion “Sale Share” one share of US$1.00 in the issued share capital of the Target Company, representing the entire issued share thereof as at the date of the Acquisition Agreement and on Acquisition Completion “SFC” the Securities and Futures Commission of Hong Kong

Sale Loan means the unsecured, interest-free loan repayable on demand owing by SI Technology to the Company as at Completion;

Sale Loan the shareholder’s loan owing by Harvest Well to the Vendor as at the date of Completion “Sale Share” being one issued ordinary share of US$1 in the capital of Harvest Well, representing the entire issued share capital of Harvest Well as at the date of the Agreement and Completion “SFO” Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong “Share(s)” ordinary share(s) of HK$0.01 each in the share capital of the Company “Shareholder(s)” holder(s) of the Share(s)

Sale Loan the entire amount of the shareholder’s loan owed by Wood Art to the Company as at Completion, and for indicative purpose, approximately HK$116,450,418.25 as at 31 October 2011 “Sale Shares” 10,000 ordinary shares of US$1.00 each in the capital of Wood Art, representing the entire issued share capital of Wood Art as at the date of the Agreement and at Completion

Sale Loan. ’ means all the principal, interests and other sums and indebtedness and amounts whatsoever due or owing or payable to the Vendor by the Target Company as at Completion as shown on the Completion Accounts

Sale Loan. ’ means all amounts owing by the Disposal Company