FAG Actions Clause Samples
The 'FAG Actions' clause defines the specific actions or steps that the Financial Advisory Group (FAG) is authorized or required to take under the agreement. This may include responsibilities such as providing financial advice, preparing reports, or executing transactions on behalf of the client. By clearly outlining these actions, the clause ensures that both parties understand the scope of the FAG's duties and helps prevent misunderstandings regarding the group's role and obligations.
FAG Actions. (a) Subject to the terms and conditions set forth in this Agreement, FAG hereby agrees that before the Closing it will form FAG EB and contribute to it 4.960 million Euros in exchange for 100% of its capital shares. All costs in connection with this transaction shall be borne by FAG.
(b) Subject to the terms and conditions set forth in this Agreement, FAG hereby agrees that before the Closing it will cause FAG Sub to execute the FAG Asset Transfer Agreement, and all other reasonable and customary transfer documents in accordance with Applicable Law, negotiated and agreed upon by the JV Parties prior to the Closing, to transfer the FAG Assets and Business to FAG EB at the Closing. All costs in connection with these transfers, inclusive of new equipment, software, licenses, permits, Governmental Approvals, taxes, etc., shall be borne by FAG.