Subsequent Acquisition Procedures Sample Clauses

Subsequent Acquisition Procedures. (i) If the Buyer elects to proceed with a subsequent acquisition in accordance with Article 6.18 (a), it shall give written notice to the Selling Shareholder and pay the Subsequent acquisition price to the Selling Shareholder account within twenty (20) Business Days from the date on which the written notice is given (the “Subsequent Acquisition Completion Date”). Payment of the subsequent acquisition price by the Buyer shall be made by wire transfer in immediately available funds in US Dollars converted at the Exchange Rate. (ii) If the Buyer chooses to make a subsequent acquisition, the Group Companies and the Selling Shareholders shall deliver to the Buyer on the Subsequent Acquisition Completion Date: (A) an certified copy of the register of members of the Company as of the Subsequent Acquisition Completion Date evidencing that the Buyer owns all of the Subsequent Acquisition Shares, free and clear of all liens; (B) a certified scanned copy of the duly issued stock certificate representing the Subsequent Acquisition Shares purchased by the buyer in accordance with this Agreement (the original of which shall be sent to the buyer as soon as practicable following the Subsequent Acquisition Completion Date); (C) a copy of the articles of association of the Company as amended accordingly pursuant to the Subsequent Acquisition, duly registered with the Registrar of Companies; and (D) a duly executed copy of the resolutions of the board of directors and/or the shareholders’ meeting of the Company and other Group Companies, if applicable, approving (x) the sale of the relevant subsequent acquisition shares to the Buyer and that all of the amounts payable on the subsequent acquisition shares have been paid in full; (y) the execution, delivery and performance of each Transaction Document to which it is a Party; and (z) any actions and authorizations required to perform such Transaction Document. (iii) If the Buyer elects to proceed with a subsequent acquisition, upon completion of such subsequent acquisition, the Buyers shall hold in aggregate 100% of the issued and outstanding shares of the Company.