F&E Agreement definition
Examples of F&E Agreement in a sentence
If the vendor has questions about or wants to make changes to the terms and conditions of the F&E Agreement, Purchasing will notify the vendor to contact UH Contracts Administration.
The Board has been informed by the Vendors that the FE Agreement was executed by the Vendors and the Other Shareholder on 1 August 2011 but as at the date of this announcement, completion under the FE Agreement has not taken place.
According to the terms of the Acquisition Agreement, if completion under the FE Agreement does not take place within one month from the Completion Date due to reasons other than the default of the Vendor(s), then the Option shall be exercisable by the Purchaser.
Given that completion under the FE Agreement has not taken place as at the date of this announcement and the Option will only be exercisable by the Purchaser if completion under the FE Agreement fails to take place in accordance with the time and other terms prescribed in the Acquisition Agreement, the Option may or may not be exercisable by the Purchaser.