Examples of SFL Holdings in a sentence
It is recognized and acknowledged that SFL Holdings has entered into the MOA pursuant to the Agreement to Acquire and Charter for the purpose of transferring title to the Vessel to the Owner for charter to the Charterer hereunder.
In addition, prior to such transfer, SFL Holdings or each of the Owners, as the case may be, shall be entitled to distribute all assets not related to the applicable Vessel as a dividend to its respective parent company.
Upon acceptance of the Vessel by SFL Holdings under the MOA on the Vessel Delivery Date, SFL Holdings will immediately transfer all of its right, title and interest in the Vessel to the Owner and the Owner will purchase SFL Holding’s right, title and interest in the Vessel at the Adjusted Average Purchase Price thereof.
Physical delivery of the Vessel to SFL Holdings under the MOA shall be made at the place at which the Vessel is delivered by the Shipbuilder to the Seller in accordance with the Building Contract and on the same day, immediately after delivery of the Vessel by the Shipbuilder to the Seller.
New Zealand Standard Farm Limited must notify the Overseas Investment Office in writing as soon as practicable, and no later than one month from the date of the transaction, whether either it acquired the shares in SFL Holdings Limited, or SFL Holdings Limited acquired its own shares.
Physical delivery of the Vessel to SFL Holdings under the MOA shall be made on the date and at the place provided for in the MOA.
HLL shall indemnify and hold SFL, Holdings and the Owners harmless for any losses, liability, costs or expenses incurred by SFL, Holdings or the Owners arising out of or resulting from any act or omission of the supervisors appointed, or the key crew provided, by HLL pursuant to this Section 2.3.
SFL, Holdings and the Owners shall have received evidence reasonably satisfactory to SFL that upon delivery of the Vessel by the Seller thereof to Holdings, the Vessel will be documented under the laws of Liberia or Panama in the name of the relevant Owner, free and clear of all recorded liens, claims, or encumbrances other than for a first preferred mortgage in favor of the Security Trustee under the Credit Agreement and any Owner Liens (as defined in the Charters).
SFL, Holdings and the Owners shall have received evidence satisfactory to SFL that the Adjusted Average Purchase Price of the relevant Vessel (after making any adjustment contemplated by Section 1.4(c) hereof) does not exceed $56,000,000.
SFL Holdings Limited (“ SFL”), a New Zealand incorporated company, has applied for consent under sections 12(b) and 13(1)(a) of the Act to acquire all of the shares in Synlait Farms Limited (“Synlait Farms”), under an offer under the Takeovers Code.