Examples of Termination Deed in a sentence
A declaration that the Termination Deed did not transfer or vest the leases in the land on which the restaurant businesses at Ipswich and Boovall were conducted in the second applicant.
A declaration that neither applicant acquired or agreed to acquire a business for the purposes of s 54A of the Stamp Act by or pursuant to the Termination Deed or the Deed of Extinguishment of Rights.
Upon execution of the Termination Deed, Mr. Tam (and Garage Investment) and Mr. Yeung (and Eight Dimensions) are no longer deemed to be interested in each other’s interest in the Shares.
The effect will be that the Offtake Agreement is terminated and Prospect, PLZ and Sinomine are released from their respective obligations, and Sinomine will receive an amount of US$8 million as required under the Termination Deed.
If the Transaction is not completed, the terms of the Termination Deed do not take effect, and the status quo prevails.