Examples of Relevant Sale in a sentence
For the avoidance of doubt, if a First Period Relevant Sale will result in the Specified Shareholder concerned holding none of the Shares as specified in the announcement of the Company dated 26 August 2010 on completion of a sale, then the Company shall, among other things, pay the whole of the Second and Third Instalments to Xxxxxxx.
The Parties agree that at the time of disbursement of proceeds to the Regional Entities for a Relevant Sale, the Gross True-up Amount (as defined below) for each Regional Entity shall be transferred to an alternative escrow (the “True-up Escrow”) established by the Parties, with the consent of the Committee, the Bondholder Group and the Monitor, for the purpose of holding funds to be used for the reallocation of the Settlement Cost among the Regional Entities under this Agreement.
The stamp duty for the sale and purchase of the Relevant Sale Shares shall be borne by the relevant Seller and the corresponding Buyer in equal proportion.