Consideration Settlement Sample Clauses
A Consideration Settlement clause defines the terms and process by which payment or other forms of consideration are exchanged between parties to fulfill contractual obligations. Typically, this clause specifies the timing, method, and conditions under which the agreed-upon consideration—such as cash, shares, or services—must be delivered, and may outline procedures for resolving discrepancies or delays in settlement. Its core function is to ensure both parties clearly understand when and how consideration is to be settled, thereby reducing the risk of disputes and facilitating smooth contract performance.
Consideration Settlement. Both the Seller and GRNQ hereby agreed that the Consideration of US$957,840 will be settled with the issuance of 1,842,000 common shares of Greenpro Capital Corp. (OTCQB: GRNQ) valued at a share price of US$0.52 per share, and such common shares shall be restricted under Rule 144 of the SEC Act . The common shares of GRNQ shall be issued to the Seller as indicated in Exhibit B.
Consideration Settlement. Both the Seller and AsiaFIN hereby agreed that the Consideration of US$9,055,242 will be settled with the issuance of 8,232,038 common shares of AsiaFIN Holdings Corp. (OTCPK: ASFH) valued at a share price of US$1.10 per share, and such common shares shall be restricted under Rule 144 of the SEC Act. The common shares of AsiaFIN shall be issued to the Seller as indicated in Exhibit B.
Consideration Settlement. The Consideration shall be satisfied at Closing by the payment in full by the Buyer of the Consideration in accordance in all respects with Clause 7. Payment of the Consideration in accordance with Clause 7 and Schedule 3 paragraph 1(b) shall be a good and valid discharge of the Buyer's obligations to pay the Consideration, and the Buyer shall not be concerned to see the application of the monies so paid.
Consideration Settlement. Both the Sellers and SEATech hereby agreed that the Consideration of MYR78,000,000 will be settled with the issuance of 21,831,660 common shares of SEATech Ventures Corp. (OTC PINK: SEAV) valued at a share price of US$0.80 per share, and such common shares shall be restricted under Rule 144 of the SEC Act. The common shares of SEATech shall be issued to the Sellers as indicated in Exhibit B.
Consideration Settlement. The Consideration shall be apportioned amongst the Sellers in accordance with their respective Cash Consideration Allocation and Share Consideration Allocation. It is acknowledged and agreed that Alchemy shall receive payment of all the amounts of Consideration due to them in cash payments only and not by the issue of any Share Consideration.
Consideration Settlement. The aggregate Consideration shall be apportioned between shareholders of the Company in accordance with the Completion Schedule. That portion of the aggregate Consideration payable in respect of the Sale Shares to be sold pursuant to this Agreement shall be apportioned between the Management Sellers as follows: