Sale of Shares and Claims Agreement definition

Sale of Shares and Claims Agreement means the sale of shares and claims agreement to be concluded between Harmony, Evander, Pan African and Emerald Panther Investments 91 Proprietary Limited (“Emerald”), in terms of which Emerald purchases (i) the entire issued share capital of Evander and (ii) all amounts owing by Evander to Harmony on the Closing Date by way of loan account, from Harmony;
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Sale of Shares and Claims Agreement means the Sale of Shares and ClaimsAgreement between the Merging Parties;
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Sale of Shares and Claims Agreement means the agreement concluded between IFA Hotels, Capital Apartments and the Company on 25 February 2021 in terms of which IFA Hotels sold its shares in and its claims against the Company to Capital Apartments. A copy of the Sale of Shares and Claims Agreement is annexed hereto as annexure “BRP4”;
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Examples of Sale of Shares and Claims Agreement in a sentence

  • The Commission raised concerns relating to the Merging Parties’ Option Purchase and the Restraint of Trade as set out in the Sale of Shares and Claims Agreement.

  • The conditions precedent included the same suspensive conditions set out in the Sale of Shares and Claims Agreement, which was only fulfilled on 8 April 2016 – meaning that this agreement expired.

  • Sale of Shares and Claims Agreement ("SSCA") between UEM Sunrise South Africa Proprietary Limited ("UEMSSA"), a wholly-owned subsidiary of UEM Sunrise Overseas Corporation Sdn Bhd ("UEMSOC"), and Olive Investment Trust ("OIT") for the divestment of UEMSSA's entire equity interest of 80.4% in Roc-Union Proprietary Limited ("Roc-Union") at a total consideration of Rand 142.6 million (equivalent to approximately RM38 million) on 19 August 2022 ("Proposed Divestment").

  • EVENTS AFTER THE REPORTING DATEOn 19 July 2019, Bauba entered into a Sale of Shares and Claims Agreement with Ms DC Butler to acquire her shares in Nuco Chrome Bophuthatswana Proprietary Limited (Nuco) for an aggregate purchase consideration of R60 million.

  • The Company is in the final stage of negotiations with a potential buyer and a draft Sale of Shares and Claims Agreement has been exchanged and the terms and conditions therein have been agreed, in principle.

  • On 19 July 2019, Bauba entered into a Sale of Shares and Claims Agreement with Ms DC Butler to acquire her shares in Nuco Chrome Bophuthatswana Proprietary Limited (Nuco Chrome) for anaggregate purchase consideration of R60 million which represents 74% of the issued share capital of the Nuco Chrome.

  • On 10 December, a Sale of Shares and Claims Agreement was entered into between Glencore, OCH, Oakbay, and Tegeta for the sale of all OCH shares to Tegeta for an amount of R2.1 billion.

  • Subject to the potential buyer providing proof of funds, the Company expects to execute the Sale of Shares and Claims Agreement within the next two months.

  • For banks: Singapore banks’ loan documents usually have a “market- disruption” clause whereby the bank has a few plausible options –switch to an alternative interest rate mechanism like cost of funds or even SIBOR, or floor at zero (unlikely).

  • The Sale of Shares and Claims Agreement as well as the Management Agreement are still effective with some of the clauses of the Management Agreement being temporarily suspended.


More Definitions of Sale of Shares and Claims Agreement

Sale of Shares and Claims Agreement means the sale of shares and claims agreement concluded or to be concluded between the Purchaser, the Seller, Pan African and the Sale Agreement Purchaser, in terms of which the Sale Agreement Purchaser purchases (i) the entire issued share capital of the Purchaser and (ii) all amounts owing by the Purchaser to the Seller on the Closing Date by way of loan account, from the Seller;
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Related to Sale of Shares and Claims Agreement

  • Sale of the Corporation means (i) the sale of all or substantially all of the Corporation's assets to a Person who is not an Affiliate of the Corporation, (ii) the sale or transfer of the outstanding capital stock of the Corporation to one or more Persons who are not Affiliates of the Corporation, or (iii) the merger or consolidation of the Corporation with or into another Person who is not an Affiliate of the Corporation, in each case in clauses (ii) and (iii) above under circumstances in which the holders of a majority in voting power of the outstanding capital stock of the Corporation, immediately prior to such transaction, own less than a majority in voting power of the outstanding capital stock of the Corporation or the surviving or resulting corporation or acquirer, as the case may be, immediately following such transaction. A sale (or multiple related sales) of one or more subsidiaries of the Corporation (whether by way of merger, consolidation, reorganization or sale of all or substantially all assets or securities) which constitutes all or substantially all of the consolidated assets of the Corporation shall be deemed a Sale of the Corporation.

  • Alternate VRDP Shares Purchase Agreement means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein, as determined by the Fund.

  • Sale of services means furnishing or agreeing to furnish services and includes making arrangements to have services furnished by another.

  • Bidders from a country which shares a land border with India for the purpose of this Order means:

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • Founder Shares Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Bidder from a country which shares a land border with India for the purpose of this Order means: -

  • Final Notice of Purchase means, in connection with an Optional Tender or a Mandatory Tender, a Notice of Purchase delivered by the Tender and Paying Agent to the Liquidity Provider (or directly to the Liquidity Provider by Beneficial Owners or their Agent Members, in the case of an Optional Tender, or Holders, in the case of a Mandatory Tender, if there is no Tender and Paying Agent or for any reason the Tender and Paying Agent does not perform its obligations) on the Purchase Date indicating the number of VRDP Shares to be purchased on such date pursuant to the Purchase Obligation, or, in connection with a Mandatory Purchase, the Mandatory Purchase Notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund.

  • Restricted Stock Purchase Agreement means a written agreement between the Company and the Optionee evidencing the terms and restrictions applying to stock purchased under a Stock Purchase Right. The Restricted Stock Purchase Agreement is subject to the terms and conditions of the Plan and the Notice of Grant.

  • Purchase or Sale of a Security means obtaining or disposing of "Beneficial Ownership" of that Security and includes, among other things, the writing of an option to purchase or sell a Security.

  • Purchase Shares has the meaning set forth in Section 2.5(c).

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Sale of the Company means the sale of the Company to an Independent Third Party or affiliated group of Independent Third Parties pursuant to which such party or parties acquire (i) capital stock of the Company possessing the voting power to elect a majority of the Company's board of directors (whether by merger, consolidation or sale or transfer of the Company's capital stock) or (ii) all or substantially all of the Company's assets determined on a consolidated basis.

  • Common Stock Purchase Agreement means an agreement among the Investor and/or PJC, Emergent and any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer and elects to participate, substantially in the form attached hereto as Exhibit A, pursuant to which Emergent will issue and sell (a) to the Investor and/or PJC, in the aggregate, 75,000,000 Shares at a price of $0.20 per share, and (b) to any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer that so requests, for every $1,000.00 of principal amount of Convertible Notes that it tenders into the Convertible Note Exchange Offer, 500 Shares at a price of $0.20 per share; provided, that the aggregate maximum number of Shares to be so issued and sold to the Convertible Note Holders who accept and exchange all of their Convertible Notes in the Convertible Note Exchange Offer pursuant to the Common Stock Purchase Agreement shall not exceed 40,000,000.

  • Sale and Purchase Agreement means all the agreements entered into from time to time (whether before, on or after the date of this Agreement) by the Borrower for the sale of the Units and shall include any one or more or all of the Sale and Purchase Agreements.

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Purchase and Sale Agreement means that certain Purchase and Sale Agreement, dated as of the Closing Date, between the Transferor, as the seller, and the Borrower, as the purchaser, as amended, modified, waived, supplemented, restated or replaced from time to time.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Stock Purchase has the meaning set forth in the Recitals.

  • Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

  • Sale of the Artwork means the transfer of title and ownership of the Artwork to an un-Affiliated third-party and receipt by the Company of value therefor as determined by the Board.

  • Forward Purchase Shares shall have the meaning given in the Recitals hereto.

  • Private Placement Warrants Purchase Agreement shall have the meaning given in the Recitals hereto.