Assets Transfer definition

Assets Transfer refers to the assignment of the Company’s assets to Lender or its designated third party in accordance with the provisions of the exclusive purchase option agreement (the “Exclusive Purchase Option Agreement”) executed on the execution date of this Agreement;

Assets Transfer means (if applicable) the transfer of certain assets from Mediclinic’s group to the Al Noor group, to take effect immediately prior to the Effective Date;

Assets Transfer refers to the transfer of the Underlying Assets mentioned in Attachment I hereto by Shenzhen 7Road and Qicai Changxiang to the Target Company based on the Agreement.

Examples of Assets Transfer in a sentence

• The Target Assets I The Target Assets I to be acquired by the Group from the Geely Holding Group pursuant to the Assets Transfer Agreement comprise predominantly equipment for use in the Group’s research and development for the XXXX & CO-branded, ZEEKR-branded and Geely-branded vehicles related products such as vehicles engines and transmissions, as well as a small amount of office equipment and software system.

• Assets Transfer Agreement On 15 October 2021 (after trading hours), the Company and Geely Holding entered into the Assets Transfer Agreement pursuant to which (i) the Group agreed to purchase and the Geely Holding Group agreed to sell the Target Assets I for a maximum cash consideration of approximately RMB632.8 million; and (ii) the Group agreed to sell and the Geely Holding Group agreed to purchase the Target Assets II for a maximum cash consideration of approximately RMB357.9 million.

• The Target Assets II The Target Assets II to be sold by the Group to the Geely Holding Group pursuant to the Assets Transfer Agreement comprise vehicle testing related machinery and equipment which are idle for use.

• On 15 October 2021 (after trading hours), the Company and Geely Holding entered into the Assets Transfer Agreement pursuant to which (i) the Group agreed to purchase and the Geely Holding Group agreed to sell the Target Assets I for a maximum cash consideration of approximately RMB632.8 million; and (ii) the Group agreed to sell and the Geely Holding Group agreed to purchase the Target Assets II for a maximum cash consideration of approximately RMB357.9 million.

• If the above condition has not been fulfilled on or before 31 December 2021 (or such later date as the parties may agree in writing), the Assets Transfer Agreement will lapse and all the obligations and liabilities of the parties thereto will cease and terminate.

More Definitions of Assets Transfer

Assets Transfer the transfer of the Transfer Target from GUIFL to China Reform pursuant to the Assets Transfer Agreement

Assets Transfer the transfer of the Target Assets from Logistics Development Co to Tianjin Port Group as contemplated under the Assets Transfer Agreement;

Assets Transfer the transfers of the shares in the Designated Subsidiaries to the Company, after the Scheme becomes unconditional (except for any condition that, by its nature, can be fulfilled only on or immediately before the Operative Date) but before the Scheme becomes operative, as more fully described in paragraph 15 of the Scheme Circular; “Assets Transfer Agreement” “Assets Transfer Resolution” the agreement entered into on or about the date of this Prospectus, between Mediclinic, the Mediclinic subsidiaries holding the shares in the Designated Subsidiaries and the Company, in terms of which the Assets Transfer is to be effected, as amended from time to time; the special resolution approving the Assets Transfer to be considered at the Scheme Meeting;

Assets Transfer the transfer of the Target Assets from Tianjin Port Group to Yuanhang International as contemplated under the Assets Transfer Agreement;

Assets Transfer refers to the disposal of the Target Assets by the Transferors and the purchase of the Target Assets by the Company pursuant to the this Agreement;

Assets Transfer has the meaning given to it in Item (4), Whereas Clause;

Assets Transfer means the transfer of the Target Assets by the Transferor to the Transferee under Clause 2.1 of this Agreement;