Completion of the Transfer. 7.1 The Parties agree that after all preparation work for the Transfer has been set forth in Section 6.3 of this Agreement has been completed they will establish a “transfer team” ("Transfer Team") jointly to deliver the Target Company (including the Target Company and subsidiary companies wholly-owned, controlled, equity affiliates of Target Company listed in Annex II) within 3 working days. The day when Transfer Team is established is the Commencement Day of Handover.
Completion of the Transfer. The Parties agree that the satisfaction day of the payment precondition set forth in Article 3.2 is the Completion Day of the Transfer.
Completion of the Transfer of the Shares shall take place:
Completion of the Transfer or assignment of a Property is conditional on every Licence required under the relevant Lease.
Completion of the Transfer. Completion shall take place on the date of the change of business registration necessary for the Transfer. As a result of Completion, Xxxxxxxxx Xxxx will be held as to 99.99% by Purchaser A and 0.01% by Purchaser B. Upon Completion, Yingshang Xxxx will cease to be a wholly-owned subsidiary of the Company and its financial statements will no longer be consolidated to the Group’s financial statements. As at the date of this announcement, the Group is one of the general partners and has invested in 5.85% interest in Purchaser A, and Purchaser A is a joint venture of the Group. As a result of Completion, Xxxxxxxxx Xxxx will be accounted for as a joint venture of the Company.
Completion of the Transfer. DOCUMENTS TO BE DELIVERED BY THE SELLERS AND BY THE BUYER - INSURANCE
Completion of the Transfer. The transfer is hereby completed at the date hereof (hereinafter the "Transfer Date"), the parties hereby acknowledging that the following conditions have been fulfilled at the date hereof.
Completion of the Transfer. On the Second Closing Date, the Minority Holdings will be transferred to the Purchaser and the Purchase Price will be paid to the Sellers. Quiksilver undertakes to pay the Purchase Price on behalf of the Purchaser on the Second Closing Date. The Purchaser hereby acknowledges that this payment will give rise to a claim by Quiksilver against the Purchaser in the amount of the Purchase Price. The Sellers acknowledge having been informed that the Purchase Price will be paid by Quiksilver and they hereby consent to receive this payment from Quiksilver. Consequently, they waive in advance any right or claim against the Purchaser for payment of the Purchase Price. The Sellers will present to Quiksilver and send to the Purchaser all documents establishing their property title to the Minority Holdings and furthering the successful outcome of the Transfer of the Minority Holdings. Except in the case of a written waiver from Quiksilver upon presentation of a document or from the Purchaser upon the remittance of a document, any transactions to be completed by the Second Closing Date will be deemed as taking place subject to the completion of all of them, such that no transaction or remittance of documents, and no transfer of ownership nor payment obligation will be deemed as final until all transactions and remittances are complete. The Parties undertake to complete all formalities and to take all measures that might be necessary for the transactions to be successfully completed by the Second Closing Date under this Agreement, including under Article 5, and to inform Quiksilver on a regular basis of their progress.
Completion of the Transfer
