Principal Terms of the Proposed Disposal Sample Clauses
The 'Principal Terms of the Proposed Disposal' clause outlines the key conditions and details governing the sale or transfer of an asset, business, or property. It typically specifies the parties involved, the assets being disposed of, the purchase price, payment terms, and any significant obligations or conditions precedent. For example, it may detail when ownership transfers, what warranties are provided, and any required approvals. This clause serves to clearly define the main elements of the transaction, ensuring all parties understand their rights and responsibilities and reducing the risk of misunderstandings or disputes.
Principal Terms of the Proposed Disposal. The following table shows the changes in the percentage and number of ordinary shares in Biofuel held by the Vendors and the Purchaser after the Completion:- Name of Shareholders Before Proposed Disposal No. of Sale Shares After Proposed Disposal No. of Shares % No. of Shares No. of Shares % The Company 1,300,500 51.00 (663,255) 637,245 25.00 Spring 850,000 33.33 (433,500) 416,500 16.33 Kom Mam Sun 249,500 9.79 (127,245) 122,255 4.79 ▇▇▇ 150,000 5.88 (76,500) 73,500 2.88 The Purchaser 0 0.00 1,300,500 1,300,500 51.00 Total 2,550,000 100.00 2,550,000 100.00 The principal terms of the Proposed Disposal, inter alia, are set out below.
Principal Terms of the Proposed Disposal