Examples of Sale Loans in a sentence
The assets to be disposed include (i) the Sale Shares, representing 100% of the issued share capital of the Disposal Companies held by the Company; and (ii) the Sale Loans in the aggregate amount of approximately HK$1.605 billion.
The Sale Loans were advanced by the Group to the Disposal Companies for the investment and administrative expenses relating to the infrastructure project.
The Company shall assign the Sale Loans to the Purchaser (or its nominee) upon Completion.
GAIN ON THE DISPOSAL It is estimated that there will be gain on Disposal of approximately HK$19 million in lieu of the consideration for the Disposal and with reference to the net liabilities of the Disposal Group of approximately HK$426.7 million and the Sale Loans of approximately HK$1.605 billion.
Pursuant to the Sale and Purchase Agreement, Xxxxxx agrees to sell and assign, and the Purchaser agrees to purchase and accept the Sale Shares and the benefit of the Sale Loans.