Completion and Post-Completion Actions Sample Clauses

Completion and Post-Completion Actions. 5.1. The Completion shall take place within ten (10) Business Days following receipt of the CP Confirmation by MPUIF and the Company (which ever is later). 5.2. At Completion, the following shall occur simultaneously and no such transaction shall be consummated unless all such transactions are consummated: (i) The Consultant shall nominate three (3) persons to be appointed as directors on the Board including the Managing Director in accordance with clause 4.1(v) above and shall provide the Company with consents of the said persons; (ii) The Company shall: (a) allot and issue the Subscription Shares to the Consultant; (b) deliver to the Consultant one or more original share certificates evidencing the Subscription Shares, each duly completed in the name of the Consultant, as the case may be; (c) duly register the Subscription Shares in the name of the Consultant in the Company’s register of members and provide evidence thereof to the Consultant; (d) appoint the three nominees of the Consultant on the Board as directors; and (e) appoint one of the three nominees of the Consultant on the Board as the Managing Director; and (f) pass a resolution of the Board (with participation of the nominees of the Consultant) and approve the Services Agreement for execution by the Company. 5.3. Within five (5) Business Days of the Completion Date, the Company shall: (i) file the return of allotment with the Registrar of Companies, Madhya Pradesh & Chhattisgarh, for the allotment of the Subscription Shares and provide an acknowledged copy of the same to the Consultant; (ii) file all necessary forms in relation to appointment of the nominees of the Consultant on the Board with the Registrar of Companies, Madhya Pradesh & Chhattisgarh, subject to the Consultant providing the Company with all documents as may be required by the Company for completing the requirements under law for the appointment as aforesaid and no appointment shall be made without providing the Company with all such documents as it may require for the said purpose; and (iii) execute the Services Agreement with MPUIF.

Completion and Post-Completion Actions. 4.1 Completion shall take place within 5 business days after the Investor has completed its due diligence work or at such time and place as the Parties may agree.

Completion and Post-Completion Actions. 5.1 Subject to the satisfaction of the Conditions Precedent in accordance with Clause 3 (Conditions Precedent) above and, solely with respect to Buyer 1, the satisfaction of the conditions precedent in accordance with clause 4.1 of the Share Subscription Agreement (unless waived or deferred in terms thereof), the respective Share Sales shall take place on a date as the Sellers and the corresponding Buyers (in consultation with the Company), may mutually agree in writing in respect of their Respective Sale Shares, during business hours (“Completion Date”), and which date in any event, shall be no later than the Long Stop Date; where all the Share Sales are not completed on the same date, the “Completion Date” with respect to each sale and purchase of the Respective Sale Shares shall be the date of Completion of such sale and purchase and the term “Completion Date” for the purposes of this Agreement shall be construed accordingly for such Buyer and corresponding Seller. 5.2 The Parties acknowledge that: (a) purchase of its Respective Sale Shares by Buyer 1 under this Agreement and the Subscription under the Share Subscription Agreement are an integrated transaction. Buyer 1 acknowledges that it is entering into this Agreement with the intention of completing the Subscription and the purchase of its Respective Sale Shares under this Agreement, simultaneously on or before the Long Stop Date. Notwithstanding anything to the contrary contained in the Agreement, if the Subscription pursuant to the Share Subscription Agreement does not occur simultaneously with the purchase of its Respective Sale Shares in terms of this Agreement, Buyer 1 shall have the right not to consummate the transactions contemplated under this Clause 5 of this Agreement and shall have the right to terminate this Agreement, and the Company and the Sellers shall not be entitled to make any Claim against Buyer 1; and (b) notwithstanding anything to the contrary contained in the Agreement, if the Subscription pursuant to the Share Subscription Agreement does not occur, Buyer 3 shall have the right not to consummate the transactions contemplated under this Clause 5 of this Agreement and shall have the right to terminate this Agreement, and the Company and the Sellers shall not be entitled to make any Claim against Buyer 3. For the avoidance of doubt, it is clarified that nothing contained in the foregoing shall restrict the right of Buyer 1 and Buyer 3 to elect, at their sole discretion, to proc...

Completion and Post-Completion Actions