Purpose of the Transaction Sample Clauses

Purpose of the Transaction. The transaction which is contemplated in this Agreement is the sale and transfer by the Seller to the Purchaser of 100% (one hundred percent) of the Transferred Shares and the Branches. Xxxxx may authorize that the Branches will be transferred directly to the latter or to the legal person authorized by Xxxxx".
Sample 1
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Purpose of the Transaction. Terra Gold desires to acquire 100% control of the Terra Project, and Raven is willing to sell Raven’s JV Interest to Terra Gold upon substantially the terms set forth in this Letter of Intent.
Sample 1
Purpose of the Transaction. In December 2019, Sumitomo Dainippon Pharma made Urovant its consolidated subsidiary pursuant to the Strategic Alliance with Roivant Sciences Ltd. (Head Offices: London and Basel) (Sumitovant's ownership: 72.4%, as of November 9, 2020). Sumitomo Dainippon Pharma and Sumitovant will place Urovant a wholly owned subsidiary in order to provide optimal support for Urovant, which requires funding and other support for the launch in the U.S. of vibegron, whose New Drug Application has been submitted to the U.S. Food and Drug Administration (FDA), and to maximize the value of vibegron.
Sample 1
Purpose of the Transaction. The Advanced Materials & Tools Company of Mitsubishi Materials mainly conducts manufacturing and sales of cemented carbide products required in the processing of metal parts used in automobiles, aircrafts and other industrial devices. As a comprehensive cemented carbide product manufacturer that possesses an integrated supply chain ranging from raw materials and finished products to recycling of used cemented carbide products, Mitsubishi Materials utilizes its strengths of materials development and production technology to offer a broad lineup of cemented carbide products with outstanding abrasion resistance and chipping resistance. We supply these products to our customers through a solid sales network spanning more than 60 countries throughout the world. In the future, by expanding our overseas sales network and production bases centered in developing nations, Mitsubishi Materials will increase sales in automotives, aerospace and medical fields for which sustained demand growth is forecasted on a global level. The target of Mitsubishi Materials is to capture a global share of 10% or more in the cemented carbide products market. On the other hand, Hitachi Metals conducts global business in the automotive, electronics, industrial infrastructure and aerospace fields as a manufacturer of highly functional materials based on materials technology and development capability. Recently, actions for realizing a low-carbon society are being implemented in countries and regions throughout the world. Amidst such circumstances, in addition to concentrating its management resources in environment-friendly products and accelerating market entry, Hitachi Metals is working to strengthen its corporate condition and ensure sustained growth. In particular, in its specialty steel business, Hitachi Metals is working to enhance its business foundation for tool steel through unique materials technology and development capability. The company is also expanding business by targeting aerospace and energy-related products as growth fields. Based on its company philosophy of contributing to customers and society through development technology, Hitachi Tool is a cemented carbide product manufacturer of advanced tools that enable high-precision, high-efficiency and high-speed processing. In particular, based on strengths in surface modification and shape technology, Hitachi Tool specializes in the processing of difficult-to-cut material and complicated shapes such as three-dimensional ...
Sample 1

Related to Purpose of the Transaction

  • PURPOSE OF THE TRUST The purpose of the Trust shall be to (a) manage, conduct, operate and carry on the business of an investment company; (b) subscribe for, invest in, reinvest in, purchase or otherwise acquire, hold, pledge, sell, assign, transfer, exchange, distribute or otherwise deal in or dispose of any and all sorts of property, tangible or intangible, including but not limited to Securities of any type whatsoever, whether equity or nonequity, of any issuer, evidences of indebtedness of any person and any other rights, interest, instruments or property of any sort to exercise any and all rights, powers and privileges of ownership or interest in respect of any and all such investment of every kind and description, including without limitation, the right to consent and otherwise act with respect thereto, with power to designate one or more Persons to exercise any of said rights, powers and privileges in respect of any of said investments. The Trustees shall not be limited by any law limiting the investments which may be made by fiduciaries.

  • Purpose of the Agreement ‌ The purpose of this Agreement is to authorize PDL NPDL to charter space to PFLG in the Trade (as hereinafter defined).

  • Conditions to the Transaction 7.1 Conditions to Obligations of Each Party to Effect the Transaction. The respective obligations of each party to this Agreement to effect the Transaction shall be subject to the satisfaction at or prior to the Closing Date of the following conditions:

  • The Transactions (a) It is acknowledged and agreed that, notwithstanding any other provision of this Agreement to the contrary, the facility provided under this Agreement is (i) a committed facility with respect to the Committed Amount and (ii) an uncommitted facility with respect to the Uncommitted Amount, and Purchaser shall have no obligation to enter into any Transactions hereunder with respect to the Uncommitted Amount. All purchases of Mortgage Loans hereunder shall be first deemed committed up to the Committed Amount and then the remainder, if any, shall be deemed uncommitted up the Uncommitted Amount.

  • Purpose of the Loan The Borrowers undertake with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

  • Consummation of Acquisition Concurrently with the making of the initial Loans, (i) the Buyer shall have purchased pursuant to the Acquisition Documents (no provision of which shall have been amended or otherwise modified or waived in a manner that is materially adverse to the Lenders’ interests) without the prior written consent of the Agents), and shall have become the owner, free and clear of all Liens, of all of the Acquisition Assets, (ii) the proceeds of the initial Loans shall have been applied in full to pay a portion of the Purchase Price payable pursuant to the Acquisition Documents for the Acquisition Assets and the closing and other costs relating thereto, and (iii) the Buyer shall have fully performed all of the obligations to be performed by it under the Acquisition Documents.

  • Purpose of the Plan The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives and an opportunity to obtain or increase their proprietary interest in the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates.

  • The Transaction 6 2.1 Purchase and Sale of Assets......................................6 2.2

  • PURPOSE OF THIS AGREEMENT 2.1 To comply with the provisions of Section 57(1)(b),(4B) and (5) of the Systems Act as well as the Contract of Employment entered into between the Parties;

  • Purpose of the Partnership The purpose of the Partnership is to acquire, construct, own and operate the Apartment Housing in order to provide, in part, Tax Credits to the Partners in accordance with the provisions of the Code and the Treasury Regulations applicable to LIHTC and to sell the Apartment Housing. The Partnership shall not engage in any business or activity which is not incident to the attainment of such purpose.

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