Payment and Obligation Set-off Sample Clauses

Payment and Obligation Set-off. 4.1 In accordance with article 3.2 hereof, the parties agree the purchase price shall be paid by Party D to Party A directly, at the day of share change registration procedures at industrial and commerce authorities are completed, concerning entire shares in Party C holding by Party A, purchased by Party B(“Registration Day”).
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Payment and Obligation Set-off. 4.1 In accordance with the Share Transfer Agreement, the Parties agree that the share purchase price shall be paid by Party C to Party B directly on the Completion Day; the Loan Agreement between Party A and Party B provides that Party B may repay the loan by transferring its shares in Party D to Party A or a third party designated by Party A to the extent permitted by PRC laws; and the contemplated Loan Agreement to be entered into between Party A and Party C provides that Party A will pay Party C the price for acquiring Party B's shares. The Parties agree, the payment obligation of Party C to Party B for the share purchase price under the Shares Transfer Agreement, the repayment obligation of Party B under the Loan Agreement between Party A and Party B, and loan extended by Party A under the Loan Agreement between Party A and Party C, will set off one another. Upon the completion of the aforesaid set-off , Party C is not required to make any FRAMEWORK AGREEMENT other payments to Party B for the purpose of paying for the purchase price; Party B is not required to make any other payments to Party A for the purpose of repaying the loan; and Party A is not required to offer any loan to Party C.
Sample 1

Related to Payment and Obligation Set-off

  • Fund Obligations A. The Fund agrees to use its reasonable efforts to deliver to DST in Kansas City, Missouri, as soon as they are available, all of its shareholder account records.

  • Rights and Obligations of Party A I. Rights of Party A

  • Party B’s Rights and Obligations 1. Party B’s rights

  • Finance Parties’ rights and obligations (a) The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.

  • Rights and Obligations of Party B 1、乙方应当具有海事管理机构批准的资质，并保持相应的应急清污能力。

  • Expenses and Obligations Except as otherwise expressly provided in this Agreement, all costs and expenses incurred by the parties hereto in connection with the transactions contemplated by this Agreement shall be borne solely and entirely by the party that has incurred such expenses.

  • Continuing Rights and Obligations After the satisfaction and discharge of this Indenture, this Indenture will continue for (i) rights of registration of transfer and exchange, (ii) replacement of mutilated, destroyed, lost or stolen Notes, (iii) the rights of the Noteholders to receive payments of principal of and interest on the Notes, (iv) the obligations of the Indenture Trustee and any Note Paying Agent under Section 3.3, (v) the rights, obligations and immunities of the Indenture Trustee under this Indenture and (vi) the rights of the Secured Parties as beneficiaries of this Indenture in the property deposited with the Indenture Trustee payable to them for a period of two years after the satisfaction and discharge.

  • Debt and Obligations Secured All property and Liens assigned, pledged or otherwise granted under or in connection with this Agreement (including, without limitation, those under Section 3.2 (Grant of Liens)) or any of the Financing Documents shall secure (a) the payment of all of the Obligations, including, without limitation, any and all Outstanding Letter of Credit Obligations, and (b) the performance, compliance with and observance by the Borrowers of the provisions of this Agreement and all of the other Financing Documents or otherwise under the Obligations.

  • Absolute Rights and Obligations This is a guaranty of payment and not of collection. The Guarantors’ Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and all Security Instruments to which it is a party by reason of:

  • Rights and Obligations of Each Fund The rights and obligations set forth in this Agreement with respect to each repurchase transaction shall accrue only to the Participating Funds in accordance with their respective interests therein. No other Fund shall receive any rights or have any liabilities arising from any action or inaction of any Participating Fund under this Agreement with respect to such repurchase transaction.

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