Completion definition
Examples of Completion in a sentence
Upon Completion, the Purchaser shall hold sixty percent (60%) of the issued share capital of the Company and shall be entitled to exercise all rights customarily attaching to a majority shareholder, including board control and governance rights as set out in Clause 9.
Completion shall take place on the Completion Date at such place as the Vendor and the Purchaser may agree, or by electronic exchange of documents.
The Vendor shall use reasonable endeavours to ensure continuity of management following Completion in accordance with the LOI and any agreed post-Completion arrangements.
At Completion, the Vendor shall deliver (or procure the delivery) to the Purchaser the documents and items listed in Schedule 5, including duly executed share transfer forms and sold notes, original share certificate(s), corporate resolutions and updated statutory registers of the Company.
Updated Register of Directors and Register of Company Secretaries (if changed at Completion), certified true.