To the Sellers Clause Samples
The "To the Sellers" clause designates specific rights, obligations, or communications that are directed toward the sellers in a contract. Typically, this clause outlines actions the sellers must take, information they must provide, or benefits they are entitled to receive under the agreement. For example, it may specify the delivery of documents, payment instructions, or notification requirements that pertain exclusively to the sellers. Its core function is to clearly delineate the responsibilities or entitlements of the sellers, ensuring that both parties understand what is expected from the sellers' side and reducing the risk of misunderstandings.
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To the Sellers. If the Sellers' Liability to the Buyer pursuant to this clause exceeds the amount in Escrow Account No. 1 the Sellers shall satisfy such liability by way of a banker's draft within 14 days of the Buyer's notification pursuant to clause 5.2.
To the Sellers. (a) Address: 1 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ Maison-L▇▇▇▇▇▇▇ ▇▇▇▇▇ France 78600
To the Sellers. For the attention of each of the Sellers to the address set against his name in the tables in column (A) of Part 1 or Part 2 of Schedule 1 (as applicable) (service of notice not being valid unless such notice is served or deemed served in accordance with clause 21.1) with a copy (which shall not constitute notice) to the Founders’ Solicitors (for the attention of ▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ (Europe) LLP, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ (▇▇▇▇▇▇▇.▇▇▇▇@▇▇▇▇▇▇.▇▇▇ and ▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇)).
To the Sellers. If at any time after one year from the date hereof, a Seller send a notice (the “ No Default Notice”) to the Escrow Agent stating that it is not in default under the terms of the Stock Purchase Agreement and has not been in default at a time during the past year, the Escrow Agent shall deliver to the Sellers the Escrowed Interests, together with completed stock powers transferring the Escrow Interests to Sellers provided: (i) the Escrow Agent concurrently sends a copy of the No Default Notice to Purchaser in accordance with the provisions of paragraph 8 of this Escrow Agreement; and (ii) the Escrow Agent does not receive a written notice from Purchaser objecting to such No Default Notice (a “Pledgor Objection Notice”) within 15 days after it sends the No Default Notice. Purchaser may not object to a No Default Notice unless it believes in good faith that the Sellers are not entitled to the Escrowed Interests.
To the Sellers a copy of the authorization granted by the French Treasury for sale of a controlling interest in the Company to the Purchaser.
To the Sellers. In the event that the Working Capital Payment is payable to the Sellers it shall be paid to the Sellers in cash in accordance with the provisions of Section 2.2.3 within ten (10) days after it is finally determined.
To the Sellers. To each Seller at their respective address and email-address as set out in Schedule 17.1.1 with a copy to: Schönherr Rechtsanwälte GmbH Attn.: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Schottenring 19 1010 Vienna Austria […***…] EXECUTION VERSION SHARE PURCHASE AND TRANSFER AGREEMENT - 360KOMPANY AG