Consideration Payment Date definition

Consideration Payment Date means the date on which the Sale Consideration has been transferred into the Liquidation Account by the Successful Bidder in terms of sub-clause X of Clause 5.4 of this document and which shall be any date within 30 (Thirty) days or 90 (Ninety) days, as the case may be, from the issuance of the Letter of Intent (“LoI”) to the Successful Bidder;

Consideration Payment Date means the date on which the 1st Installment i.e 15% of the Final Consideration shall be deposited by the Successful Bidder(s) within 15 days from the date of issuance of LOI and 75% of the Final Consideration or Balance Consideration shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 90 (Ninty) days from the issuance of the LoI (s) to the Successful Bidder(s).

Consideration Payment Date means the date on which the Final Consideration shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 90 (ninety) days from the auction date. Payments made after thirty days from the auction date shall attract interest at the rate of 12%.

Examples of Consideration Payment Date in a sentence

• By means of the Financial Consideration Letter of Guarantee, the Eligible Institution/s must be irrevocably and unconditionally committed that they will render the said amount of the Financial Consideration available to the Candidate on the Financial Consideration Payment Date or on the Financial Consideration First Tranche Payment Date (whichever applies), in case has been declared Preferred Investor.

• The Successful Bidder(s) shall, on the Consideration Payment Date, provide the entire sale Consideration as per the terms of the LoI issued to it/them, into the bank account, details of which is provided in the Document/LOI, the sole signatory of which shall be the Liquidator (“Liquidation Account”).

• The Successful Bidder(s) shall, on the Consideration Payment Date, provide the entire Bid Value as per the terms of the LoI issued to it/them, into the bank account, details of which is provided in the Document/LOI, the sole signatory of which shall be the Liquidator (“Liquidation Account”).

• Notwithstanding Section 5(d)(i), in the event that the Participant’s employment with the Company, a Related Entity or the Acquiring Entity is terminated by the Company, a Related Entity or the Acquiring Entity without Cause or by the Participant for Good Reason, in either case following the Company Acquisition but prior to the Initial Consideration Payment Date, then the Bonus Payment shall be paid to the Participant within ten (10) days following the Participant’s termination of employment.

• Each of the Sellers hereby agrees that such Seller hall not sell, transfer or otherwise dispose of any of the shares of CWD Common Stock comprising the Stock Consideration and delivered to such Seller pursuant to this Section 2.04 for a period of two years following the Stock Consideration Payment Date.

• The Seller hereby agrees that he shall not sell, transfer or otherwise dispose of any of the shares of CWD Common Stock comprising the Stock Consideration for a period of two years following the Stock Consideration Payment Date.

• Each Party shall not, and shall ensure that its Affiliates and their respective sublicensees will not, knowingly restrict or impede in any manner the other Party’s exercise of its retained exclusive rights in the other Party’s Territory.

• This Agreement shall commence as of the termination of the Management Agreement and in accordance with Amendment No. 3, and shall continue for a period of forty (40) years (the "Term") from and after the Consideration Payment Date under that certain Agreement to Amend, unless earlier terminated as provided in Section B of this Article.

• At the time the Seller was offered the shares of CWD Common Stock, he or she was, at the date hereof he is, and at the Stock Consideration Payment Date, he will be an “accredited investor” as defined in Rule 501(a) under the Securities Act and a “non-U.S. person” as defined in Rule 902 of Regulation S promulgated the Securities Act.

• They also recognized how much one can learn from considering the different standpoints and perspectives of those we communicate with.

More Definitions of Consideration Payment Date

Consideration Payment Date means the date on which the Final Consideration shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 15 (fifteen) days from the issuance of the LoI(s) to the Successful Bidder(s).

Consideration Payment Date means the date or dates described in the definition of Consideration Value on which payments are to be made or consideration is to be granted to GSCM under this Part 5(h), except that in the case of any Swap Consideration Amount based on a Valuation Amount, the Consideration Payment Date shall be the fifth (5th) Local Business Day following the receipt by the Counterparties of the Valuation Agent’s report on the Valuation Amount. “GSCM Share” means the percentage, expressed as a decimal, determined by multiplying (i) an amount equal to (A) the Expected Exposure divided by (B) the aggregate outstanding obligations owed to the First Priority Debt Creditors as of the date of calculation (whether or not then due and payable), by (ii) the GSCM Percentage, expressed as a decimal.

Consideration Payment Date. The date on which Hartcourt Education pays cash consideration and issues Restricted Shares of Hartcourt Common Stock to Xxxx Xxxxxxxx and Xxx Gang as set out in Clause 4.5.

Consideration Payment Date has the meaning given to it in clause 4.1;