25% Stake definition

25% Stake has the meaning set forth in the Recitals.
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Examples of 25% Stake in a sentence

  • As consideration for the 25% Stake, Buyer, at the Closing, shall pay to Seller, in cash, by wire transfer of immediately available funds an amount equal to FIVE HUNDRED THOUSAND DOLLARS OF THE UNITED STATES OF AMERICA (US$500,000) (the “Cash Consideration”).

  • Seller shall have delivered or shall stand ready to deliver the 25% Stake and the documents to be delivered, pursuant to Section 2.4. Buyer may not rely on the failure of any condition set forth in this Section 8.2 if such failure was caused by Buyer’s failure to comply with any provision of this Agreement.

  • The closing of the purchase and sale of the 25% Stake (the “Closing”) shall take place at the 10:00 a.m., local time, at the offices of A▇▇▇▇, F▇▇▇▇▇▇ & F▇▇▇▇▇▇, E▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇ on February 25, 2011, or at such other time, date and place as may be mutually agreed upon in writing by the Parties (the date on which the Closing actually occurs being referred to as the “Closing Date”).

  • Upon the execution of the Closing, the Buyer will be the sole beneficial owner of the 25% Stake equity interest in the Company, free and clear of all Liens (as identified in Schedule 1.2).

  • France's Total to Return 25% Stake in Shtokman Gas Field Project to Gazprom.

  • There are no outstanding options (other than the Purchase Option pursuant to this Agreement), warrants or other rights of any kind including any restrictions on transfers, relating to the sale, or voting of the 25% Stake and the Option Stakes, the subscription of additional shares in the capital of the Company or any securities convertible into or evidencing the right to purchase additional shares in the capital of the Company.

  • Subject to the terms and conditions of this Agreement, Buyer agrees to purchase from Seller, and Seller agrees to sell to Buyer, at the Registration, the 25% Stake, free and clear of any Liens.

  • Seller is the sole owner of, and has good and marketable title to the Shares (including the 25% Stake and each of the Option Stakes), free and clear of any Liens, and the Shares are fully paid and non-assessable.

  • Subject to the terms and conditions of this Agreement, Buyer agrees to purchase from Seller, and Seller agrees to sell to Buyer the 25% Stake, free and clear of any Liens.

  • Buyer shall be liable for the payment of all sales, use, excise, transfer and other related taxes and fees arising from the purchase by Buyer of the 25% Stake.