Examples of Tranche 1 Completion Date in a sentence
The non- compete obligations of the Seller, FCL and their respective affiliates shall be applicable for a period of 5 (five) years from the Tranche 1 Completion Date, subject to certain exclusions and carve outs set out in the SPA.
Further, the Seller and FCL have agreed to certain non-solicit obligations under the SPA, which are applicable for a period of 3 (three) years from the Tranche 1 Completion Date.
No Prescribed Occurrence having occurred in relation to the Company other than as required or contemplated by the Subscription Agreement between the date of the Subscription Agreement and the Tranche 1 Completion Date (both dates inclusive).
The SPA may be terminated at any time prior to the Tranche 1 Completion Date inter alia under the following circumstances: (i) breach of the standstill covenants which has not been cured within a period of 30 (thirty) days; (ii) non-fulfilment of the Tranche 1 Conditions prior to the Long Stop Date;(iii) on the occurrence of a Material Adverse Effect; (iv) if the Tranche 1 Completion Date has not occurred by the Long Stop Date; or (v) by mutual consent of the parties to the SPA.
Further, the Seller has agreed that theTranche 1 Sale Shares shall be free of all encumbrances at the time of their transfer on the Tranche 1 Completion Date, and the Tranche 2 Sale Shares shall be free of all encumbrances at the time of the acquisition by the Acquirer of the Tranche 2 Sale Shares (“Tranche 2 Completion Date”).
We evaluate our method on three well-known public benchmarks: the CIFAR-100 [5], which contains 50,000 training examples of 100 categories; the Tiny-ImageNet [49], which has 100,000 images of 200 classes; and the ImageNet-1K [31], which covers 1000 classes with more than 1M training images.
No material adverse change in the prospects, operations, conditions (financial or otherwise) of the Company having occurred between the date of the Subscription Agreement and the Tranche 1 Completion Date, both dates inclusive.
The SPA may be terminated prior to the Tranche 1 Completion Date inter alia under the following circumstances: (i) breach of the standstill covenants which has not been cured within a period of 30 (thirty) days; (ii) non-fulfilment of the Tranche 1 Conditions prior to the Long Stop Date; (iii) on the occurrence of a Material Adverse Effect; (iv) if the Tranche 1 Completion Date has not occurred bythe Long Stop Date; or (v) by mutual consent of the parties to the SPA.
Accordingly, following the Tranche 1 Completion Date, the Seller and FCFL, who will collectively hold less than 10% (Ten Percent) of the Voting Share Capital of the Target Company, will be reclassified from ‘promoters or promoter group’ to ‘public’, subject to the conditions specified under Regulation 31A of the LODR and the conditions specified therein.
Any payment by the Purchaser to the Vendor under this Agreement must be made to the bank account nominated by the Vendor by written notice to the Purchaser (and confirmed by callback), which must be received by the Purchaser no later than 5 Business Days prior to the Tranche 1 Completion Date.