Examples of Equity Transfer Consideration in a sentence
The Equity Transfer Consideration represents a premium of approximately 32.5% over the net asset value attributable to 49% equity interest in the Project Company as at 29 February 2016, and a premium of approximately 7.6% over the fair value of a 49% equity interest in the Project Company as at 29 February 2016 as valued by the Independent Valuer, respectively.
Pursuant to the Equity Transfer Agreement, such Earnest Money has been converted into the deposit for the Equity Transfer on the date of the Equity Transfer Agreement, and will automatically form part of the Equity Transfer Consideration upon fulfilment of the conditions precedent set out below.
In the event that the Equity Transfer Consideration (or any part thereof) is overdue for more than 30 days, the Seller may terminate the Equity Transfer Agreement.
Consideration and payment terms The Nansha Equity Transfer Consideration of RMB1,396,247,800 shall be payable in full by the Nansha Acquisition Purchaser to the Nansha Acquisition Seller on the date of the Nansha Acquisition Completion.
In the event that the Nansha Equity Transfer Consideration (or any part thereof) is overdue for more than 30 days, the Nansha Acquisition Seller may terminate the Nansha Equity Transfer Agreement.
If the Purchaser fails to pay the Equity Transfer Consideration to the Seller or provide the Repayment Amount to the Target Company according to the terms of the Equity Transfer Agreement, for each day that the amount is overdue, the Purchaser shall pay an interest at the rate of 0.0005% on the outstanding amount of the Total Consideration to the Seller.
The Equity Transfer Consideration less (i) any withholding tax in respect of the Equity Transfer that the Purchaser is required to withhold according to the Applicable Laws; and (ii) the Earnest Money shall be payable in full by the Purchaser to the Seller (via a custodian account designated by the Guangzhou Enterprises Mergers and Acquisitions Services Centre) within 3 Business Days upon fulfilment of the conditions precedent set out below.
July 2021 Parties The Seller as seller and the Purchaser as purchaser Asset to be acquired Pursuant to the Equity Transfer Agreement, the Seller agreed to sell, and the Purchaser agreed to purchase, 98% of the equity interest in the Target Company.Consideration and payment terms The Equity Transfer Consideration of approximately RMB1,873,596,000 shall be payable by the Purchaser (using its internal funds) to the Seller within 5 Business Days after the Equity Transfer Agreement becomes effective.
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The Equity Transfer Consideration was determined with reference to the market value of a 100% equity interest in the Target Company as at 31 May 2021, which was approximately RMB1,911,832,000, as valued by the Independent Valuer by application of the summation method under cost approach (the “Target Appraised NAV”).