Subsequent Completion definition
Examples of Subsequent Completion in a sentence
The Company shall issue the remaining New Shares listed in the table in clause 3.1 to each remaining Investor credited as fully paid and enter its name in the register of members in respect of such New Shares and execute and deliver to such Investor a certificate in respect of such New Shares upon receipt by the Company of the relevant subscription monies paid by such Investor in accordance with clause 4.1 (each, a "Subsequent Completion").
Such procedure shall be repeated until the date that Substantial Completion of the Facility has been achieved (the “Substantial Completion Date”) or either party refers such matter to dispute resolution pursuant to ARTICLE 12; Owner shall respond to any such subsequent Certificate of Subsequent Completion within five (5) Days following the receipt thereof.
Within 30 days following Initial Completion ([and][or] the final Subsequent Completion (if applicable)), the Company shall deliver to the Investors a capitalisation table of the Company as of the last such completion including details of all: (i) issued Shares; (ii) options, both allocated and unallocated under the Share Option Plan(s) (as defined in the Shareholders' Agreement); (iii) warrants; and (iv) any and all other rights to subscribe for shares or convertible securities, if any.
If, as a result of the discussion and investigation of the preceding paragraph, such contract nonconformity can be confirmed as attributable to the Company, the Company shall subsequently complete performance, including repair of the deliverable, within a reasonable period at the Company's cost ("Subsequent Completion" in this Article).
Such procedure shall be repeated until Substantial Completion of the Facility has been achieved; provided, however, that Company shall respond to any such subsequent Certificate of Subsequent Completion within five (5) Days following the receipt thereof.
Notwithstanding the preceding paragraph, if the purpose of this Agreement can be accomplished in spite of said contract nonconformity, and if the Subsequent Completion requires an excessive cost, the Company shall not be liable for the Subsequent Completion prescribed in the preceding paragraph.
If the Purchaser elects to do so then the German Purchase Price shall be reduced by an amount equal to any pro rata forecast loss for the German Partnerships for the period between the date of Subsequent Completion and 1 January 2000 (having regard to the Vendor's 50 per cent interest in the German Partnerships).
The Escrow Agent shall release to the Seller (a) the Initial Deposit Amount on the Initial Completion Date as a partial payment of the Shares Purchase Price and (b) the Option Deposit Amount on the Subsequent Completion Date as a partial payment of the Option Purchase Price, but, in each case, only after receiving written instructions from the Purchaser (or the Arbitral Tribunal) to proceed with the applicable release.
On each Subsequent Completion, the Purchaser shall or shall procure that a Relevant Purchaser shall reimburse the Vendor for all payments made by the Vendor pursuant to Clause 5.6.2.
Either party may object not later than 5 Business Days prior to the purported Subsequent Completion Date by serving written notice on the other.