Sale and Purchase definition

Sale and Purchase. STEPHEN GRUBERG ("Seller") and SOLOMAN LAM ("Buyer") agree ▇▇ ▇▇▇▇ ▇▇▇ ▇▇y on the terms a▇▇ ▇▇▇▇▇▇▇▇ns specified below the property ("Property") described as: Address: SUN GLADES LOT 302 ----------------------------------------------------------------------- Legal Description: SUN GLADES LOT 302 - 73414432000003020 ----------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- including all improvements and the following additional property: ------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- PRICE AND FINANCING

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Sale and Purchase means the sale by the Seller and the purchase by the Buyer of the SPV Shares in accordance with the terms of this Agreement.

Sale and Purchase is defined in Section1.1(a).

Examples of Sale and Purchase in a sentence

The Purchaser shall not without the written consent of the Assignee/Bank, Developer/Proprietor (if applicable) and/or the relevant authorities be entitled to assign his rights, title, interest and benefits under the contract of sale made pursuant hereto or the principal Sale and Purchase Agreement entered between the Developer/Proprietor and the original Purchaser before the Property has been duly assigned or transferred to him by the Assignee/Bank.
In the event that the Purchaser shall not require a loan/financing to enable the completion of the purchase herein, on or before the Completion Date, the Purchaser shall procure a letter of undertaking (acceptable to the Assignee) to pay the balance progressive payment according to the schedule of the Sale and Purchase Agreement in favour of the Developer and to release the Assignee from its original undertaking.
The Purchaser shall not without the written consent of the Assignee, Developer / Landowner and / or the relevant authorities be entitled to assign his rights, title, interest and benefits under the contract of sale made pursuant hereto of the principal Sale and Purchase Agreement entered between the Developer / Landowner and the original purchaser before the Property has been duly assigned or transferred to him by the Assignee.
Further, it shall be the duty of the Purchaser to obtain at their own cost the particulars as stated in Section 22D (4) of the Housing Development (Control and Licensing) Act 1966 and to obtain copies of the outstanding charges from the relevant authorities and/or the total amount due to the Developer under the Sale and Purchase Agreement and to forward copies thereof together with the calculations as to the apportionment of the respective parties liability thereof to the Bank’s Solicitors for approval.
The Purchaser shall not without the written consent of the Assignee/Bank, Developer/Landowner and/or the relevant authorities be entitled to assign his rights, title, interest and benefits under the Certificate of Sale made pursuant hereto or the Principal Sale and Purchase Agreement entered between the Developer/Landowner and the original Purchaser before the property has been duly assigned or transferred to him by the Assignee/Bank.

More Definitions of Sale and Purchase

Sale and Purchase means the sale of the Sale Shares by the Vendors, the sale of the Sale Loans by the Loan Vendor, and the acquisition of the Sale Shares and the Sale Loans by or procured by the Purchaser, pursuant to this Agreement;

Sale and Purchase. Pursuant to and in accordance with the terms and conditions contained in this Amendment N°7 (and incorporating the relevant provisions of the A320/A330 Purchase Agreement), the Seller shall sell and deliver and the Buyer shall buy and take delivery of five (5) A319 Aircraft, seven (7) A320 Aircraft and eight (8) A321 Aircraft (hereinafter collectively referred to as the “2010 A320 Family Incremental Aircraft”).

Sale and Purchase shall have the meaning set forth in the Recitals.

Sale and Purchase means the sale and purchase of the Shareholding between Moncler (as purchaser) and the SPW Shareholders (as sellers).

Sale and Purchase. On the Trade Date, Seller will deliver to Buyer a number of Shares (the “Purchased Shares”) equal to 6,346,788 (the “Number of Shares”) and Buyer will pay Seller cash in immediately available funds in an amount equal to USD 250,000,000 (the product of USD 39.39 per Share (the “Initial Price”) and the Number of Shares) on a delivery-versus-payment basis.

Sale and Purchase has the meaning given in paragraph 3 of Schedule 2. Scanners Companies Scanners (Europe) Limited, a company incorporated in England and Wales with registered number 2833712 and Scanners Television Outside Broadcasts Limited, a company incorporated in England and Wales with registered number 3391685.

Sale and Purchase of Assets" of the Original Agreement. The paragraph immediately following Section 1.1(h) of the Original Agreement (on page 9 of the Original Agreement) is hereby deleted and the following shall be substituted therefor: "The Parties agree that certain Intellectual Properties (including Licensed Intellectual Property) which are identified in Schedule 2.16 as the Assigned Intellectual Property shall be assigned to Purchaser hereunder, while the Intellectual Properties which are identified in Schedule 2.16 as the Licensed Intellectual Properties shall be licensed to Purchaser rather than being assigned to Purchaser. With respect to the Assigned Intellectual Properties, to the extent legally and/or contractually permissible, Seller shall sell, transfer, convey and assign to Purchaser, free and clear of all Liens of every kind, nature and description, all right, title and interest of Seller in and to such Intellectual Properties. Immediately after the assignment of the Assigned Intellectual Properties, however, Purchaser shall grant to Seller, an irrevocable, worldwide, non-exclusive, perpetual, paid-up, royalty-free and transferable (and sub-licensable) license (or sub-license) to utilize such Assigned Intellectual Properties (including the Licensed Intellectual Property), after obtaining any and all consents necessary therefor for Seller to be able to operate the other businesses of Seller substantially in the manner as such businesses were operated by Seller. With respect to the Licensed Intellectual Properties, to the extent legally and/or contractually permissible, Seller hereby shall grant to Purchaser and its Affiliates, effective at the Closing Date, an irrevocable, worldwide, non-exclusive, perpetual, paid-up, royalty-free and transferable (and sub-licensable) license (or sub-license) to utilize such Intellectual Properties (including the Licensed Intellectual Property) which Seller has rights to use as of the Closing Date, after obtaining any and all consents necessary therefor for Purchaser to be able to operate the Business substantially in the manner as such Business was operated by Seller. For this purpose, Purchaser shall enter into one or more assignment and licensing agreements (the "IP Assignment and Licensing Agreements") with the holders of relevant Intellectual Properties, including Seller itself, prior to the Closing. All costs, if any, shall be payable by Seller to any third parties in connection with the transfer, licenses or sub-license...