Norfin definition
Examples of Norfin in a sentence
Norfin hereby irrevocably offers to purchase such Subscription Shares.
Upon Closing (and with respect to any K2 Shares delivered to the Norfin Hold-Back Account, upon the Second Closing), Sellers will receive good, valid and marketable title to the K2 Shares, which are validly issued and non-assessable, free and clear from any liens, charges, pledges or third party rights of any nature (whether in rem or in personam), but subject to the transfer and resale restrictions pursuant to applicable US.
The Purchasers have the irrevocable right to purchase from DNNE all, but not less than all, the Shares, conditional upon the transfer of the Subscription Shares to Norfin in accordance with Article 5.3. DNNE hereby irrevocably offers to sell the Shares to the Purchasers.
The consummation of the transfer of the Subscription Shares to Norfin and the accomplishment of any formalities incident thereto shall take place on (i) the Date of Purchase, in case of purchase of the Shares by the Purchasers according to Sect.
The consideration for the Norfin Loans amounts to EUR 7,354,283 (seven million three hundred fifty-four thousand two hundred eighty-three euros), and the consideration for the ▇▇▇▇▇▇ Loans amounts to EUR 7,354,283 (seven million three hundred fifty-four thousand two hundred eighty-three euros) payable by Cayco to each of ▇▇▇▇▇▇ and Norfin, respectively in cash on the Closing Date.
Norfin is entitled to a full refund of withholding tax pursuant to the Swiss federal act on withholding taxes dated October 13, 1965, as amended, and the double taxation treaty between Switzerland and the Grand Duchy of Luxembourg dated January 21, 1993.
The Liability of each of the Sellers towards Purchasers and K2 shall not be joint and several (solidarisch), but shall be limited to the part of the Shares sold by the respective Sellers in relation to all Shares (Teilschuldnerschaft; ▇▇▇▇▇▇ 50%, Norfin 50%).
Norfin shall exercise its right by means of written notice dispatched to the Purchasers upon receipt of the Notice of Transfer (the "Notice of Redemption").
The ▇▇▇▇▇▇ Loans and the Norfin Loans are free and clear of any Liens; for the avoidance of doubt, Purchasers confirm that they are aware that some of the Loans are subordinated to some obligations resulting of the Financial Debt as disclosed in Schedule ▇.
On or before the Date of Purchase or the Early Date of Purchase, as the case may be, Norfin shall pay into Purchasers' account (at the bank to be communicated by the Purchasers to Norfin at least three business days before) the Redemption Price in immediately available funds.