Sale Transaction definition

Sale Transaction has the meaning set forth in Section 3(a).

Sale Transaction means a transaction or series of related transactions involving (i) the consolidation or merger of Company with another Person, (ii) a sale of all or substantially all of the assets of Company, (iii) a purchase, tender or exchange offer that is accepted by the holders of more than the 50% of the outstanding shares of capital stock of Company, (iv) the consummation of a stock purchase agreement or other business combination with another Person whereby such other Person acquires more than the 50% of the outstanding capital stock of Company.

Sale Transaction means a sale, lease, exchange or other transfer of all or substantially all the assets of the Company and its consolidated subsidiaries to any other person.

Examples of Sale Transaction in a sentence

• The Contractor, shall, on demand, indemnify the Bank against all such taxes (other than a tax on overall net income of the Bank) incurred in relation to or in connection with this Musawama Agency Agreement and each Musawama Sale Transaction.

• In such event, the Bank shall have the right to reject such Delivery Documents and the Contractor shall promptly indemnify the Bank for all losses, costs and expenses, if incurred by the Bank in respect of the applicable Musawama Sale Transaction.

• All sums payable by the Customer to Masraf Xx Xxxxx hereunder and under each Sale Transaction shall be paid without set-off, withholding, counterclaim or deduction whatsoever and shall be free from any tax or other deductions whatsoever and in the event of such deduction against the Customer for any reason, the Customer shall pay to Masraf Al Rayan the due amounts as if the said deduction was completely not there.

• The Exit Premium shall be fully earned on the making of the Interim DIP Loan and payable on the date of repayment or the applicable Credit Bid Sale Transaction.

• The Bank does not wish to enter into any Musawama Sale Trans- action in respect of which value added tax or any other similar tax is payable and the Contractor shall ensure that no Musawama Sale Transaction shall be entered into which shall render the Bank liable or in any way responsible for any taxes (other than a tax on overall net income of the Bank).

More Definitions of Sale Transaction

Sale Transaction shall have the meaning set forth in Section 5.4.

Sale Transaction has the meaning set forth in Section 4(a)(i).

Sale Transaction has the meaning set forth in Section 2.9 of this Agreement.

Sale Transaction has the meaning set forth in Section 11.8 (Successors and Assigns).

Sale Transaction has the meaning set forth in Section 2.5(a).

Sale Transaction shall have the meaning provided in Section 13.4(a).

Sale Transaction means (a) (i) the merger or consolidation of the Company into or with one or more Persons, (ii) the merger or consolidation of one or more Persons into or with the Company or (iii) a tender offer or other business combination if, in the case of (i), (ii) or (iii), the stockholders of the Company prior to such merger or consolidation do not retain at least a majority of the voting power of the surviving Person or (b) the voluntary sale, conveyance, exchange or transfer to another Person of (i) the voting Capital Stock of the Company if, after such sale, conveyance, exchange or transfer, the stockholders of the Company prior to such sale, conveyance, exchange or transfer do not retain at least a majority of the voting power of the Company or (ii) all or substantially all of the assets of the Company.