Salient Terms of the SSA Sample Clauses

Salient Terms of the SSA. The salient terms of the SSA include, inter alia, the following:
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Salient Terms of the SSA. The Purchase Consideration shall be paid to the Vendors in the following manner:
Salient Terms of the SSA. 2.1.1 The project company will be set-up for the following concessions:-
Salient Terms of the SSA a) Subject to the fulfilment of the Conditions Precedent and the provisions of the SSA, the Vendors shall sell the Sale Shares and STSB shall purchase the Sale Shares free from all charges, liens, pledges, trust and other encumbrances and with all rights, benefits and entitlements now or thereafter attaching thereto and the assignment and novation of the Total Advances to STSB.
Salient Terms of the SSA. Upon the execution of the SSA, MLSB shall within thirty (30) days from the date of the SSA, increase its authorised share capital to RM25,000,000.00 and to increase its issued and paid-up share capital to RM17,000,000.00 via the allotment of an additional 16,999,998 Shares to be held by DSSB and SOP as follows: Parties Number of Shares Proportion DSSB 9,349,998 (with two (2) ordinary shares to be transferred to DSSB making the aggregate shares to be held 9,350,000) 55% SOP 7,650,000 45% Total 17,000,000 100% The proceeds raised from the share allotments above, shall inter alia for the JVC to acquire an oil and chemical tanker named “Asia Success” and a motor tanker named “Asia Victory” and subsequent upgrading and improvement of the named vessels. The named vessels shall be renamed “Xxxxxx 1” and “Xxxxxx 2”.
Salient Terms of the SSA i. The Parties acknowledge that KASB presently has a financing facility with Malaysian Debt Ventures Berhad (“MDV”), pursuant to which the Company is indebted to MDV for the sum of approximately RM850,171.91 as at LPD.
Salient Terms of the SSA i. The Parties acknowledge that RSSB presently has a financing facility with Malaysian Debt Ventures Berhad (“MDV”), pursuant to which the Company is indebted to MDV for the sum of approximately RM826,211.48 as at 31 March 2020.
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Salient Terms of the SSA. Pursuant to the SSA, SLSB will acquire 50,000 ordinary shares from EPF, representing 20% equity interest in SSQ on an “as is where is” basis free from all encumbrances at a total consideration of RM136,649,000 (“Purchase Consideration”) and repay on behalf of SSQ, a sum of RM73,351,000 in cash towards the settlement of the Musyarakah Capital invested by EPF in SSQ. SLSB shall pay EPF in the following manner:
Salient Terms of the SSA 

Related to Salient Terms of the SSA

  • of the Standard Terms (b) The Company hereby represents and warrants to the Trustee for the benefit of Certificateholders that as of the Closing Date (or, if otherwise specified below, as of the date so specified):

  • Use of the Services 1.1 We will make the Oracle services listed in Your order (the “Services”) available to You pursuant to this Agreement and Your order. Except as otherwise stated in this Agreement or Your order, You have the non- exclusive, worldwide, limited right to use the Services during the period defined in Your order, unless earlier terminated in accordance with this Agreement or Your order (the “Services Period”), solely for Your internal business operations. You may allow Your Users (as defined below) to use the Services for this purpose, and You are responsible for their compliance with this Agreement and Your order.

  • Terms of Use 1. The Contribution will be made Open Access under the terms of the Creative Commons Attribution License which permits use, distribution and reproduction in any medium, provided that the Contribution is properly cited.

  • Scope of the Services 3.1 The services that the Construction Manager shall provide include, but are not limited to those described in the following sections.

  • Description of the Services 1.1 The scope of the service to be rendered is described more fully in the Annexures and Schedules referred to below: ❑ Annexure A – Scope / Specification ❑ Annexure C – Pricing Schedule 2 DELIVERABLES AND COMPLETION DATE The Deliverables, due for completion by and governed by this Schedule 1. In the event that the Service Provider fails to meet the delivery dates as agreed, the following penalties will be imposed:

  • Terms of the Securities The Securities have the “Terms” as set out in these Issue Terms, which will complete and modify (i) the Bearer Securities Base Conditions Module, July 2016 Edition and (ii) the General Definitions Module, July 2016 Edition (the “General Definitions Module”), both of which are incorporated by reference into these Issue Terms (together, the “Conditions”) and are set out in full in the Information Memorandum.

  • Terms of Waiver As an enrolled, Covered Guest, staying at an iTrip Franchisee property, under this plan, you will not be obligated to pay for Covered Damage (defined below) to real or personal property of the owner of the rental unit located within the rental unit occupied by the Covered Guest. When the Covered Guest purchases this plan, the property manager waives the right to charge the Covered Guest for Covered Damage to the unit as a result of your inadvertent acts or omissions during the duration of the Stay. Maximum limit of this waiver of liability is $1,475.00 aggregate per stay.

  • of the Standard Terms and Conditions of Trust The Portfolio Supervisor may employ one or more sub- Portfolio Supervisors to assist in performing the services set forth in this Section 4.05 and shall not be answerable for the default of any such sub-Portfolio Supervisors if such sub-Portfolio Supervisors shall have been selected with reasonable care, provided, however, that the Portfolio Supervisor will indemnify and hold the Trust harmless from and against any loss occurring as a result of a sub- Portfolio Supervisor's willful misfeasance, reckless disregard, bad faith, or gross negligence in performing supervisory duties. The fees and expenses charged by such sub-Portfolio Supervisors shall be paid by the Portfolio Supervisor out of proceeds received by the Portfolio Supervisor in accordance with Section 4.03 hereof."

  • Changes to the Services We provide Services in a multi- user environment and must therefore reserve the right to modify and discontinue Services. We may modify a Service at any time without degrading its functionality or security features For current subscriptions, we may degrade the functionality of a Service or discontinue a Service only in case of (i) legal requirements; (ii) changes in the Services imposed by Siemens’ subcontractors; (iii) the termination of our relationship with a provider of software and/or services used by us which are material for the provision of such Service; (iv) lack of customer acceptance; and/or (v) security risks. We will notify you of any material degradation of functionality or the discontinuation of a Service and the effective date at least 80 days prior to such change, and you may terminate the modified Service 30 days prior to the change effective date. In the event of such termination or discontinuation of a Service, we will refund any prepaid amounts for the applicable Service on a pro-rata basis for the remaining Subscription Term. We do not maintain prior versions of a Service.

  • Service Terms Each Service Order will provide for a service term. At the end of the service term of any Service Order, unless either party gives written notice to the other party of its intention not to renew at least ninety (90) days before the end of a service term, the term of such Service Order will automatically renew for successive twelve (12) month periods. Termination of one Service Order will not affect the term of any other Service Order.

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