Management Vendors definition
Examples of Management Vendors in a sentence
If, before the Completion Date, an event occurs which has or may have a Material Adverse Change, in respect of the Company Group, the Management Vendors Representatives (through the Vendors’ Representative) must, immediately upon becoming aware of that event, give written notice to the Purchaser fully describing the event.
After the Offset Notice is issued, and from the Closing of the MVA Second Instalment, the amount of the Management Vendors Transitional Loans in relation to such Management Vendor, is deemed to have been repaid by such Management Vendor to the Investor, and the Investor is also deemed to have fully paid the amount of the MVA Second Instalment Consideration equal to the Offset Amount to such Management Vendor.
For the Management Target Shares and subject to the terms and conditions of this Agreement, the total consideration of RMB 555,778,525.75 shall be transferred by the Investor to the Management Vendors.
Each of the Management Vendors hereby irrevocably appoints Chila as such Vendor’s agent and attorney for the purpose of executing and delivering any amendment, waiver, notice, direction, statement or other document or taking any other action required or permitted to be taken by or on behalf of the Vendors, or any of them, pursuant to this Agreement or in connection with the transactions contemplated hereby.
Each of the Management Vendors (other than ▇▇▇▇▇▇) shall have executed and delivered to the Purchaser the Offer of Employment and the Non-Competition Agreement substantially in the form of Schedule 16A and 16B, respectively and shall have resigned from their employment with DLCM and DLCT, effective the Effective Time.