First Tranche Completion definition

First Tranche Completion means the completion of the sale and purchase of the First Tranche Shares in accordance with clause 4.1.

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First Tranche Completion means the completion of the First Tranche Sale pursuant to the Sale and Purchase Agreement “First Tranche Completion Date” the date on which the First Tranche Completion occurs, being the 3th Business Day after the First Tranche Conditions Precedent having been fulfilled or waived or such other date as the Purchaser and the Seller may agree in writing “First Tranche Conditions Precedent” the conditions precedent in relation to the First Tranche Sale pursuant to the Sale and Purchase Agreement “First Tranche Consideration” the consideration in connection with the First Tranche Sale

First Tranche Completion the completion of the First Tranche Subscription

Examples of First Tranche Completion in a sentence

Completion of the sale and purchase of the First Tranche Shares will take place on the First Tranche Completion Date.
The Nominee warrants to the Seller that each Nominee Warranty is correct and not misleading as at the date of execution of this agreement and as at the time immediately prior to [First Tranche Completion / Second Tranche Completion].
The Buyer warrants to the Seller that each Buyer Warranty is correct and not misleading as at the date of execution of this agreement, as at the time immediately prior to First Tranche Completion and as at the time immediately prior to Second Tranche Completion.
If any obligation specified in clause 4.1(c) and clause 4.1(d) is not performed on First Tranche Completion then, without prejudice to any other rights of the parties, First Tranche Completion is taken not to have occurred and any document delivered, or payment made, under this clause 4.1 must be returned to the party that delivered it or paid it.
Pursuant to the Third Subscription Agreement, Mind Light, a wholly-owned subsidiary of the Company, conditionally agreed to allot and issue, and Maolin conditionally agreed to subscribe for (i) an aggregate of 816 shares on the First Tranche Completion Date at an aggregate subscription price of HK$12,876,229; and (ii) an aggregate of 816 shares on the Second Tranche Completion Date at an aggregate subscription price of HK$5,000,000.
Pursuant to the Fifth Subscription Agreement, Mind Light, a wholly-owned subsidiary of the Company, conditionally agreed to allot and issue, and Zhihua Investments conditionally agreed to subscribe for (i) an aggregate of 1,632 shares on the First Tranche Completion Date at an aggregate subscription price of HK$25,752,458; and (ii) an aggregate of 1,632 shares on the Second Tranche Completion Date at an aggregate subscription price of HK$10,000,000.
The Purchaser may, in lieu of performance of any of the Conditions, require that such Conditions be treated as a post-closing actions (to the extent practicable) and are performed within such period after the First Tranche Completion as the Purchaser may direct.
The provisions of this Clause 11 with respect to the Sellers transferring their Sale Shares on the First Tranche Completion Date (except the Founder) shall apply for a period of 12 (twelve) months from the First Tranche Completion Date.
Completion of the First Tranche Subscription shall take place on the First Tranche Completion Date.
Pursuant to the First Subscription Agreement, Mind Light, a wholly-owned subsidiary of the Company, conditionally agreed to allot and issue, and the Company conditionally agreed to subscribe for (i) an aggregate of 15,749 shares on the First Tranche Completion Date at an aggregate subscription price of HK$126,499,999; and (ii) an aggregate of 15,750 shares on the Second Tranche Completion Date at an aggregate subscription price of HK$157,500,000.

More Definitions of First Tranche Completion

First Tranche Completion means the completion of the allotment and issue of the First Tranche Subscription Shares by the Company to the Subscriber in accordance to the terms and conditions of this Agreement;

First Tranche Completion means completion of the subscription for the First Tranche Shares under clause 3.2.