Examples of UK Acquisition Agreement in a sentence
The Idemitsu UK Acquisition Agreement was entered into on 17 October 2017 and was conditional upon the OGA confirming that it had no objection to the change of control of Idemitsu UK and the release of Idemitsu Group and its affiliates from any guarantee given to a bank in respect of any DSAs to which Idemitsu UK was a party.
Any adjustment under this Section 4.1 shall become effective at the close of business on the date the subdivision, combination or dividend becomes effective.
Idemitsu Group will not be liable in respect of a claim under the Idemitsu UK Acquisition Agreement unless the liability under such claim exceeds £10,000.
The Idemitsu UK Acquisition Agreement was governed by the laws of England and Wales and the parties irrevocably agreed to the exclusive jurisdiction of the courts of England and Wales in relation to any action or proceeding arising out of the Idemitsu UK Acquisition Agreement.
The limitation period in respect of a claim under the Idemitsu UK Acquisition Agreement expires 12 months following completion of the Idemitsu UK Acquisition (i.e. 8 December 2018).
The overall cap and aggregate liability of Idemitsu Group in respect of claims under the Idemitsu UK Acquisition Agreement was £50,000.
The Idemitsu UK Acquisition Agreement contained customary warranties and representations relating to Idemitsu Group’s interests in Idemitsu UK, which were given to the Company by Idemitsu Group on the one hand, and by the Company to Idemitsu Group on the other hand, as at the date of signing of the Idemitsu UK Acquisition Agreement; each such representation and warranty was repeated on the date of completion of the Idemitsu UK Acquisition (i.e. 8 December 2017).
Claims under the Idemitsu UK Acquisition Agreement were subject to certain financial, time and other limitations that are customary in agreements of this type.
It is a condition to the obligations of the Lenders hereunder and the effectiveness of this Agreement that, among other conditions, (a) the UK Acquisition is consummated pursuant to the UK Acquisition Agreement and (b) to provide a portion of the financing for the UK Acquisition, the Borrower shall have received the proceeds of loans under the Second Lien Credit Agreement in an aggregate principal amount of at least $75,000,000.