Examples of Consideration Payment in a sentence
The performance contemplated by Section 4., for which the Consideration Payment shall be made.
After the Tax Payment Confirmations and the External Payment Filing Form had been obtained and within 5 days from the date of Consideration Payment, the Target Company shall apply to the Bureau of Commerce and Industry for a change of legal representative of the Target Company to a person appointed by the Purchaser; and apply for a new business license.
Equity Transfer and Completion Subject to the Consideration Payment, the Target Company shall arrange for filing documents with the relevant P.R. China authority and effect the Equity Transfer in compliance with the applicable P.R. China legal requirements.
Consideration Payment.............................................
As per the terms of the JV, the Company received a Consideration Payment of $1.5m in cash, the first of up to $9.2m in staged payments from GTM.
The Court rejects the statutory 10% rate of interest as excessive considering the significant disparity between the statutory and market-based interest rates.54 The Court thus intends to award prejudgment interest as follows: 2009 Profit Consideration Payment: 5% interest on the payment amount due December 2, 2009, including the sum unpaid from 2008,55 for the period beginning Dec 2, 2009, and ending August 25, 2014; 52 See Varney Bus.
OneBeacon’s unreasonable conduct in the following years (including repeatedly failing to pay the 2008 sum) independently supports the Courts award.2010 Profit Consideration Payment: 5% interest on the payment amount due December 2, 2010, calculated as though OneBeacon had properly tendered and Plaintiffs had accepted the 2009 Profit Consideration payment, for the period beginning December 2, 2010, and ending August 25, 2014.
By means of the Financial Consideration Letter of Guarantee, the Eligible Institution/s must be irrevocably and unconditionally committed that they will render the said amount of the Financial Consideration available to the Candidate on the Financial Consideration Payment Date or on the Financial Consideration First Tranche Payment Date (whichever applies), in case has been declared Preferred Investor.
The Successful Bidder(s) shall, on the Consideration Payment Date, provide the entire sale Consideration as per the terms of the LoI issued to it/them, into the bank account, details of which is provided in the Document/LOI, the sole signatory of which shall be the Liquidator (“Liquidation Account”).
Neither parties to the SPA would prefer to defer the Completion Date to a later date when it is commercially viable to achieve Completion with the banking facilities available to the Purchasers enabling the Purchasers, at Completion, to confirm that the 1st Consideration Payment will be settled via CCASS on the second Business Day after the Completion Date, while settling the remaining portion (i.e. 35%) of the Sale Shares Purchase Price on a deferred basis.