Examples of Remaining Party in a sentence
At such closure, the Transferring Party shall deliver such Encumbrance free title to the Interests being sold and the Remaining Party shall discharge the consideration for such transfer.
The Transferring Party proposing to Transfer all or any Interests to a Transferee shall, prior to any Transfer, first give written notice (the “Transfer Notice”) to the Remaining Party at least ten Business Days prior to the Transfer.
The Remaining Party if willing to buy the Offered Interests or a portion thereof shall notify the Transferring Party in writing (the “Purchase Notice”) at least five (5) Business Days before the proposed transfer date.
If the Remaining Party communicates their agreement to buy the Interests from the Transferring Party, the purchase of the Interests should be completed by the Remaining Party within ten (10) Business Days from their accepting the offer of the Transferring Party.
In the event that the Remaining Party agrees to purchase the Offered Interests or any part thereof on the terms indicated in the Transfer Notice to the Remaining Party, Transfer of the Offered Interests to the Remaining Party shall take place at the registered office of the LLP.