Examples of Deed of Termination in a sentence
The Board announces that on 5 September 2017 (after trading hours), the Purchaser, an indirect wholly-owned subsidiary of the Company, and the Vendors entered into the Deed of Termination, pursuant to which the Purchaser and the Vendors have mutually agreed to terminate the Original Acquisition Agreement with immediate effect.
All rights, obligations and liabilities of the parties to the Original Acquisition Agreement will be released and discharged from the date of the Deed of Termination.
The Board of Directors (“Board”) of UEMS wishes to announce that UEMS LaTrobe has on 13 September 2019, entered into a Deed of Termination (“Deed”) with TCL, the trustee for AAHT to mutually terminate the Existing Contract (“Termination”) due to disagreement on specifications of certain aspects relating to the Property.
The Directors consider that the Deed of Termination is on normal commercial terms, and is fair and reasonable and in the interests of the Company and the Shareholders as a whole.
Pursuant to the Deed of Termination, all rights, claims or interests of the parties under the First Subscription Agreement shall be fully waived, discharged and released and none of the parties shall have any rights, claims or interests whatsoever against any other party under the First Subscription Agreement.