Sales Procedure definition

Sales Procedure means the sales procedure described in Condition 7(l);
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Sales Procedure means, either: (i) a competitive procedure aimed at selling 100% of the Stakes in the Company to a third-party purchaser at the best possible price under subsequent Article 13 (the “Competitive Sales Procedure”); or (ii) only in the case in which the Sales Procedure is initiated by Majority Shareholder C and at the exclusive discretion of the latter, a bilateral negotiation for the sale of 100% of the Shares in the Company to a third-party purchaser (hereinafter, the “Bilateral Sales Procedure”);
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Sales Procedure means the sale and investment solicitation process attached as Schedule "A" to the order of the Court dated March 24, 2023, issued in the Receivership Proceedings;
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Examples of Sales Procedure in a sentence

  • The Issuer, acting through the Determination Agent, shall arrange for the sale in accordance with the Sales Procedure of the Underlying Assets.

  • The Enforced Sales Procedure can be followed even where the owner cannot be traced and even where the property has changed hands – so long as the relevant debt remains.

  • Even where the following criteria can be met, it is necessary to consider how likely the Enforced Sales Procedure is to achieve the desired outcome and to ask whether other courses of action might be more suitable.

  • In the light of the ratio laid down by their Lordships of the Supreme Court in the case of Kashmir Singh Bhullar (supra), P.K. Vasudeva cannot be allowed to raise a new plea regarding the use of the house for commercial purposes inasmuch as no such plea was raised by him in his affidavits filed before the Rent Controller.

  • The QMS defines requirements of each group in the following documents:Reference:CS2003 Order Review Process QA2005 Management Review SA2056 Sales Procedure MT4028 Strategic Business Plan Employee HandbookSupplier Quality Manual Customer Quality ManualsProduct Development Phase Gate and Design Considerations 4.3 ScopeDuraTech has established and maintains a documented quality system to ensure that products and services meet the expectations of our interested parties.

  • To achieve the risk management goals, the Group observes the rules described in the JSW Group’s Sales Procedure and the rules of the Foreign Exchange Risk Committee at the JSW Group, which monitors the inflow of currencies from deliveries of coal, coke and hydrocarbons.The overriding objective of the principles for managing the risk of coking coal prices adopted by the Group is to reduce the impact of fluctuations in coking coal prices on the Group’s cash flows to an acceptable level.

  • Starting from 1 January 2023, Majority Shareholder A, Majority Shareholder B and Majority Shareholder C will be able to initiate a procedure aimed at achieving the Listing (the “ Listing Procedure”) only with the consent of all the Shareholders and together with the Sales Procedure.

  • In the case where, upon the conclusion of the Bilateral Sales Procedure or Targeted Sale, the Promoting Party has sent the Notification of Acceptance to the other Shareholders, all the Shareholders will be mutually obliged to sell all their Shares to the potential purchaser that has presented the Final Offer, under the conditions indicated therein (hereinafter, the “ Joint Sale”).

  • Legislative Basis for Enforced Sales Procedure Where there is a financial Charge registered in Part 2 of the Local Land Charges Register, a Local Authority has the power to enforce that Charge via the ESP.

  • The aim of this policy is to ensure that the Enforced Sales Procedure is used in a consistent and transparent way and proportionately targets long term empty residential properties, and encourages the bringing back of these properties into use, where appropriate.

Related to Sales Procedure

  • Associated Procedures means those procedures and/or statements that have been adopted by the Underwriter, the Adviser, a Fund or the Compliance Department, and which are designed to supplement this Code and its provisions.

  • Sale Procedures Unless otherwise specified in the Supplement, shall mean that, with respect to any sale of one or more Underlying Securities or Related Assets, the Market Agent, on behalf of the Trust, shall sell such Underlying Securities or Related Assets to the highest bidders among not less than two solicited bidders for such Underlying Securities or Related Assets (one of which bidders may include Merrill Lynch & Co. or any Affiliate thereof; provided, however, that xxxxxxr Xxxxill Lynch & Co. nor any of its Affiliates will be under any obligxxxxx xo xxx, and which bidders need not be limited to recognized broker dealers). In the sole judgment of the Market Agent, bids may be evaluated on the basis of bids for a single Underlying Security or Related Asset, a portion of the Underlying Securities or Related Assets, or all of the Underlying Securities or Related Assets being sold or any other basis selected in good faith by the Market Agent.

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • Day Case Procedure means a Medically Necessary surgical procedure for investigation or treatment to the Insured Person performed in a medical clinic, or day case procedure centre or Hospital with facilities for recovery as a Day Patient.

  • Settlement Procedures means the Settlement Procedures attached hereto as Exhibit A.

  • Charitable sales promotion means an advertising or sales campaign, conducted by a commercial co-venturer, which represents that the purchase or use of goods or services offered by the commercial co-venturer will benefit, in whole or in part, a charitable organization or purpose.

  • Complaints Procedure means the School's procedure for handling complaints from parents, as amended from time to time for legal or other substantive reasons, or in order to assist the proper administration of the School. It does not form part of the contract between you and the School. A copy of the most up-to-date procedure is on the School's website and is otherwise available from the School at any time upon request;

  • Staff Vetting Procedure means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • Grievance Procedure is used in this Agreement, it shall be considered as including the arbitration procedure.

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Surgical procedure means a procedure that is performed

  • Generation Interconnection Feasibility Study means a study conducted by the Transmission Provider (in coordination with the affected Transmission Owner(s)) in accordance with Tariff, Part IV, section 36.2.

  • Accounting Procedure means the principles and procedures of accounting set out in Appendix C.

  • Net Sales Proceeds means, in the case of a transaction described in clause (i)(A) of the definition of Sale, the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including all real estate commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (i)(B) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (i)(C) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction actually distributed to the Company or the Operating Partnership from the Joint Venture less the amount of any selling expenses, including legal fees and expenses incurred by or on behalf of the Company (other than those paid by the Joint Venture). In the case of a transaction or series of transactions described in clause (i)(D) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction (including the aggregate of all payments under a Mortgage on or in satisfaction thereof other than regularly scheduled interest payments) less the amount of selling expenses incurred by or on behalf of the Company, including all commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (i)(E) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (ii) of the definition of Sale, Net Sales Proceeds means the proceeds of such transaction or series of transactions less all amounts generated thereby which are reinvested in one (1) or more Assets within one hundred eighty (180) days thereafter and less the amount of any real estate commissions, closing costs, and legal fees and expenses and other selling expenses incurred by or allocated to the Company or the Operating Partnership in connection with such transaction or series of transactions. Net Sales Proceeds shall also include Refinancing Proceeds and any other amounts that the Company determines, in its discretion, to be economically equivalent to proceeds of a Sale. Net Sales Proceeds shall not include any reserves established by the Company, which shall be determined by the Board in its sole discretion.

  • Sales Proceeds means, with respect to any Transaction Vehicle, an amount equal to the aggregate amount of proceeds received by the Servicer from the purchaser in connection with the sale or other disposition of such Transaction Vehicle, net of any and all out-of-pocket costs and expenses incurred by the Servicer in connection with such sale or other disposition, including without limitation, all repossession, auction, painting, repair and any and all other similar liquidation and refurbishment costs and expenses.

  • Claims Procedure Order means the Order under the CCAA establishing a claims procedure in respect of the Applicant, as same may be further amended, restated or varied from time to time.

  • railway operational procedures means procedures specified under any access agreement (as defined in the Railways Act 1993) or station lease;

  • Gross Sales Proceeds with respect to each sale of Shares shall be the Gross Sales Price multiplied by the number of Shares sold;

  • Direct Ordering Procedure means the ordering procedure set out in paragraph 2 of Schedule 5 (Ordering Procedure) of this Framework Agreement;

  • Professional Fee Order means the order entered by the Bankruptcy Court on July 16, 2001, authorizing the interim payment of Professional Claims, as may be amended from time to time prior to the entry on the docket of the Confirmation Order.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • medium term expenditure framework ’ means a budgeting framework applied by the National Treasury which—

  • Contract Sales Price means the total consideration received by the Company for the sale of an Investment.

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.