Examples of Balance Consideration in a sentence
The Corporate Debtor submitted that the claim of balance consideration of Rs 58,00,00,000/- was only raised by the Applicant for the first time in its Letter dated 13 May 2019,i.e. after one year from the execution of BTA and payment of Closing Balance Consideration of Rs 65,19,00,000/-.
The Acquirer shall pay an amount not less than 10% of the Purchase Price to the Seller at the time of signing of the agreement and the Balance Consideration will be paid on receipt of the shares.
The Senior Officers and Financial Managers must comply fully with all applicable PRC, Cayman Islands and U.S. laws, rules and regulations that govern our business conduct, including, without limitation, securities laws, NYSE Listed Company Manual, environmental laws, insider trading laws and the U.S. Foreign Corrupt Practices Act.
Based on the Consideration of S$16,965,000, the First Tranche Consideration shall be S$12,000,000 and the Balance Consideration shall be S$4,965,000.
Admittedly the Transfer Consideration of Rs 123,00,00,000/- for BTA was divided into Closing Balance Consideration of Rs 65,00,00,000/-, and remaining balance transfer consideration of Rs58,00,00,000/- into 3Tranche Payments as more particularly specified in the BTA.