Examples of Tranche 1 Completion Date in a sentence
The non- compete obligations of the Seller, FCL and their respective affiliates shall be applicable for a period of 5 (five) years from the Tranche 1 Completion Date, subject to certain exclusions and carve outs set out in the SPA.
Further, the Seller and FCL have agreed to certain non-solicit obligations under the SPA, which are applicable for a period of 3 (three) years from the Tranche 1 Completion Date.
As set out in paragraph 2.1.9 of this LOF, following the Tranche 1 Completion Date and by such time as may be permitted under applicable law, the Seller and FCFL, who collectively hold less than 10% ( Ten Percent) of the Voting Share Capital of the Target Company, will be reclassified from ‘promoters or promoter group’ to ‘public’, subject to conditions specified under Regulation 31A of the LODR.
Criminal cases of competition law infringements are referred to the general prosecutor’s office.
Accordingly, following the Tranche 1 Completion Date, the Seller and FCFL, who will collectively hold less than 10% (Ten Percent) of the Voting Share Capital of the Target Company, will be reclassified from ‘promoters or promoter group’ to ‘public’, subject to the conditions specified under Regulation 31A of the LODR and the conditions specified therein.
Until the Tranche 1 Completion Date ( as defined in the SPA), the Sellers are subject to customary standstill covenants.
The owner or operator shall demonstrate that the waste stream will be compatible with the well materials with which the waste is expected to come into contact, and submit to the commissioner a description of the methodology used to make that determination.
No Prescribed Occurrence having occurred in relation to the Company other than as required or contemplated by the Subscription Agreement between the date of the Subscription Agreement and the Tranche 1 Completion Date (both dates inclusive).
Further, the Seller has agreed that theTranche 1 Sale Shares shall be free of all encumbrances at the time of their transfer on the Tranche 1 Completion Date, and the Tranche 2 Sale Shares shall be free of all encumbrances at the time of the acquisition by the Acquirer of the Tranche 2 Sale Shares (“Tranche 2 Completion Date”).
Applications for this additional CRF funding were due to the SCC no later than November 30, 2020.