Share Disposal definition
Examples of Share Disposal in a sentence
Notwithstanding the aforesaid, Sections 7 - 10 (Competition Restriction Clause, Buy Back Option in normal Partner Exit Situation and Share Disposal Restrictions, Abnormal Exit Situations, and Rules Governing Share Disposal) and Sections 18 (Disputes And Governing Law) will be binding, to the extent applicable, upon the Party even if the Party has ceased to be a Party to this Agreement.
As Completion is subject to the satisfaction of the conditions precedent under the Share Disposal Agreement, the Transaction may or may not be completed.
An EGM will be held to consider and, if thought fit, pass the resolutions to approve, among other things, the Share Disposal Agreement (including the amendment to the Share Purchase Agreement) and the transactions contemplated thereunder.
The Purchaser has informed the Vendor that additional time is needed to fulfill his responsibility under the Share Disposal Agreement.
Completion of the Share Disposal (the “Completion”) is conditional upon the approval from the Federal Treasurer of Australia being obtained under the Australian Government’s foreign investment policy or under the Foreign Acquisitions and Takeovers Act 1975 (Cth) to the Share Disposal and a number of consents from counterparties of certain existing contracts.
Completion shall take place within five Business Days following the date on which the last of the above conditions precedent is fulfilled, or such other date as the parties to the Share Disposal Agreement may agree in writing.
Save and except for the aforementioned amendments in the Second Supplemental Agreement, all other terms and conditions of the Share Disposal Agreement (as amended by the Supplemental Agreement) shall remain unchanged and continue to be in full force and effect.
TAIYO and Asaph shall discuss in good faith and finalize as promptly as possible after the date hereof reasonable payment and closing mechanics for the TAIYO Share Disposal and the TAIYO Share Transfer.
TAIYO shall cause the board of directors of TAIYO to resolve the following on or prior to the Closing: (i) details of the TAIYO Share Disposal to Asaph and its execution of the subscription agreement with Asaph regarding such TAIYO Share Disposal; (ii) the TAIYO Share Transfer; and (iii) the Bonus and Incentive plan.
The Proposed Share Transfer, which forms part of the Proposed Joint Venture, entails the disposal by DRJ, of the Sale Shares at the Share Disposal Consideration to be settled fully via cash in accordance with the SSA, resulting in CGM and DRJ holding 70% and 30% equity interests in DAC Properties, respectively.