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;
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
Durable Gold is not obliged to complete the purchase of the Sale Share and the Sale Loan unless the sale and purchase of the Sale Share and the Sale Loan are completed simultaneously.
On 22 September 2010, the Board announced that after trading hours of the Stock Exchange on 17 September 2010, Durable Gold, a direct wholly-owned subsidiary of the Company, and the Company entered into the Agreement with the Vendor, pursuant to which the Vendor has conditionally agreed to sell, and Durable Gold has conditionally agreed to acquire, the Sale Share and the Sale Loan at a total cash consideration of HK$240 million (subject to downward adjustment as described below).
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 means 51% of all and any loans owning by and/or due from any member(s) of the Target Group to the Vendor and/or his associates (as defined the Listing Rules) (other than such loans owing by and/or due from a member of the Target Group to the Target Company or a 100% owned subsidiary of the Target Company) as at Completion
Sale Loan the entire shareholder’s loan and other indebtedness owed by the Gold Mountain or (where applicable) its subsidiaries to the Vendor or its associates 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 shareholder’s loan owing by Xxxx Industries to the Company as at the date of the Sale and Purchase Agreement, the total outstanding amount of which is approximately HK$1,099,998. “Share(s)” ordinary share(s) of HK$0.01 each in the share capital of the Company; “Shareholder(s)” holder(s) of the ordinary share(s) of HK$0.01 each in the share capital of the Company;