Sale Claims definition

Sale Claims means the claims in loan account by ERGO URANIUM (which, for the purposes of the AGREEMENT shall be deemed to include any claims by MINTAILS SA) against the COMPANY as at the EFFECTIVE DATE, in aggregate R118 000 000,00 (one hundred and eighteen million rand);

Sale Claims means all the Seller's claims against the Company from whatsoever cause arising as at the Effective Date, all of which shall be reflected in his shareholder’s loan account;

Sale Claims means all amounts owing by the Adumo Group to the Sellers on loan account as at the Closing Date, and includes any unpaid interest accrued thereon, including the loan claim owing by Adumo to CATS and the loan claim owing by Adumo Payments to CATS (together with any unpaid interest accrued thereon);

Examples of Sale Claims in a sentence

• The purchase price for the Sale Claims shall be One Hundred and Twenty Five Thousand United States Dollars (US$125,000) exclusive of Value Added Tax (“VAT”) payable by the Buyer in immediately available funds, without set-off or deduction, by the transfer of the amount thereof into the following account on or before the 10th Business Day following the satisfaction or waiver of all Conditions Precedent (the “Closing Date”).

• The Parties agree that such costs are deemed to be inclusive of all and any outstanding protection fees or any other fees in respect of the Sale Claims outstanding as at the date after affixation of signatures to this Agreement.

• Upon the completion of the sale of the Sale Claims contemplated by this Agreement, the tribute agreement between the Parties dated December 30, 2015 shall be terminated and no party will have any rights or obligations to the other thereunder other than those rights and obligations that have accrued up to the date of termination.

More Definitions of Sale Claims

Sale Claims. Mining claims held by the Seller in terms of the Mines and Minerals Act as detailed in Annex A. “Seller” Mezzotin Investments (Private) Limited, registration no. 224/2000, a company registered in accordance with the laws of Zimbabwe “Signature Date” the date of last signature of this Agreement “US$” The lawful currency of the United States of America.

Sale Claims means the amount payable by the Purchasers to the Seller for the sale claims in terms of this agreement;

Sale Claims means all of the claims on shareholder’s loan account of Petra Mining Limited against Petrex to be acquired by the Tranche A Borrower pursuant to the Acquisition Agreement;

Sale Claims means collectively the Maxweld Loan Claims and the Unique Loan Claims;

Sale Claims means any and all claims on shareholder's loan account which the Seller may have against Vanadium and Magnetite Exploration and Development (Pty) Ltd.

Sale Claims means the total amount payable by the Group to the Seller exclusively in respect of hardware purchased by the Group through the Seller which amount will be represented, as at the Completion Date, in row 38 of column 5 of the Closing Statement;

Sale Claims means the Working Capital Claim and the Shareholder Claim;