SF Agreement definition
Examples of SF Agreement in a sentence
As consideration for such assignment and in connection with the distribution of the capital stock of KXJO Sub to Sellers as described below, KXJO Sub shall issue its promissory note (the "KXJO NOTE") to the Company in the principal amount of $4,500,000 to cover the $4,500,000 previously paid into escrow by the Company pursuant to the SF Agreement toward the purchase price of radio station KXJO-FM.
As soon as practicable after the date hereof, the Company shall assign its rights and obligations under the SF Agreement to a wholly owned subsidiary of the Company ("KXJO SUB"), and shall obtain all necessary authorizations from Citicasters and the FCC to permit such assignment.
On 13th September, 2016, the Vendor, the Purchaser, the Guarantor, 國城信安資產管理有限公司 (Guocheng Xinan Asset Management Co., Ltd.*) and 大連建和建設工程有限公司 (Dalian Jianhe Construction Co., Ltd.*) (the “Purchaser Designated Parties”) entered into a second supplemental agreement to the SF Agreement (the “Second Supplemental Agreement”) to amend certain terms and conditions of the SF Agreement.
Pursuant to the SF Agreement, the Vendor and the Purchaser agreed that if the permit for commencement of construction project was obtained on or before 30th April, 2014 and the relevant authority still requests for the payment of the aforesaid penalties, the Vendor shall be responsible for settlement of such penalties.
Pursuant to the SF Agreement, the Consideration of RMB360,000,000 (equivalent to approximately HK$455,696,000) shall be paid by the Purchaser to the Vendor in full in Hong Kong dollars based on the Exchange Rate on or before the Completion Date in Hong Kong.
This Agreement and the SF Agreement constitute the entire agreement and understanding of Parent, Company and Consultant, respectively and as applicable, in respect of the subject matter identified herein and therein, respectively, and supersede all prior understandings, agreements, or representations by or among Parent or Company, on the one hand, and Consultant, on the other hand, written or oral, to the extent they relate in any way to the subject matter identified herein or therein.
Following Completion, the Purchaser shall waive any of its rights under the SF Agreement, Supplemental Agreement and the Second Supplemental Agreement to claim against the Vendor.
Notwithstanding any provision contained in the SF Agreement, the Purchaser shall not sue the Vendor in court for any claim in respect of any breach of the terms or warranties by the Vendor under the SF Agreement or the Assignment unless the total amount to be claimed by the Purchaser exceeds RMB500,000 (equivalent to approximately HK$633,000).
The Vendor and the Purchaser agreed that during the period commenced from the date of signing of the SF Agreement and until the Completion Date, the Purchaser shall have the right to assign and designate person(s) to supervise the financial expenses and the construction project of ▇▇▇▇▇▇ ▇▇▇▇▇.
Such Tax Returns shall be prepared by Sellers' Accountant, on a basis consistent with those prepared for prior taxable periods unless a different treatment of any item is required by an intervening change in Law.