Economic Transfer definition

Economic Transfer with respect to a Company Trading Agreement to which SET is a counterparty, a transaction pursuant to which SET transfers substantially all of the risks and benefits under such Company Trading Agreement to a Third Party (subject to rights of indemnification in favor of such Third Party); provided that, to the extent any risks and benefits under such Company Trading Agreement are not transferred to such Third Party at the time of such transaction, “Economic Transfer” nevertheless shall be deemed to have occurred at the time of such transaction if SET and such Third Party have agreed to post margin to each other in relation to such Company Trading Agreement.
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Examples of Economic Transfer in a sentence

  • All expenses, costs, fees and charges in connection with the Transactions including legal services, shall be borne by the Party commissioning the respective costs, fees and charges, in particular, the Companies shall not bear any costs for lawyers, accountants, investment bankers and other advisors advising Sellers' in relation to the Transaction to the extent not already paid before the Economic Transfer Date.

  • The Purchase Price shall bear interest at a rate of six per cent (6%) p.a. as from and including the Economic Transfer Date until and including the Closing Date ("PURCHASE PRICE INTEREST"), provided, however, that in case of a Down Payment in accordance with Section 4.3a, the amount subject to interest pursuant to this Section shall be, as from the Down Payment Date, reduced to the Purchase Price minus the Down Payment.

  • The products of the Companies sold prior to the Economic Transfer Date do not have any defects, which could give rise to any such product liability claims.

  • Except as disclosed in Schedule 6.1.20, no product liability claims (Produkthaftungsanspruche) in connection with any products sold by the Companies prior to the Economic Transfer Date are pending (anhangig) against any of the Companies.

  • Sellers shall further not be liable for any deviation of the book value of any real estate as reflected in the Financial Statements 2002 and Financial Statements 2003 from any valuation that could be inferred from a sale of such real estate after the Economic Transfer Date.

  • The Sold Assets are sold to Purchasers with all rights and obligations attached thereto as from the Economic Transfer Date including the right to receive the interest accrued on the Shareholder Loan and the right to receive all dividends in respect of the Demedis Shares relating to periods as from the Economic Transfer Date.

  • Written approval of the execution and performance of the JV Agreement, the transactions thereby contemplated and the Possible Economic Transfer was on 28 June 2012 obtained from the Closely Allied Group of Shareholders who together holding approximately 70.45% of the current issued share capital of the Company.

  • As of the Economic Transfer Date the principal plus accrued and unpaid interest outstanding under the SDS Senior Facility amounted to EUR 7,035,620 (in words: Euro seven million thirty five thousand six hundred twenty) ("SDS SENIOR FACILITY AMOUNT").

  • Except as disclosed in Schedule 6.1.10, the Companies own, or hold lawful possession of, all fixed assets (Anlagevermogen) material to the Demedis Dental Business and capitalized in the Financial Statements 2003, except for such assets which were sold, abandoned or otherwise disposed of since the Economic Transfer Date in the ordinary course of business ("MATERIAL ASSETS").

  • Except as disclosed in Schedule 6.1.23 (ii), none of the Companies have increased any of their directors' or employees' remuneration or benefit entitlements after the Economic Transfer Date other than in accordance with (i) the terms of the relevant employment and service agreements in force as of the Economic Transfer Date, (ii) applicable shop or collective bargaining agreements, (iii) past practise or (iv) as part of the Stay Bonus Arrangements.

Related to Economic Transfer

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Strategic Transaction means a transaction or relationship in which the Company issues shares of Common Stock to an entity which is, itself or through its subsidiaries, an operating company in a business related to the business of the Company and in which the Company receives material benefits in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose of raising capital.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Type III transfer means that term as defined under Section 3(c) of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Exempt Transfer means, in relation to shares held by a member: