Completion of the Disposal Sample Clauses

Completion of the Disposal. Completion of the Disposal shall take place on the date which is the fifth (5th) Business Day (or such other Business Day as agreed in writing between Win Harbour and Prance Fortune or deferred by the non-defaulting party pursuant to the relevant provisions of the Disposal Agreement) after the date on which all the conditions precedent have been satisfied (or waived as the case may be) pursuant to the relevant provisions of the Disposal Agreement.
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Completion of the Disposal. Completion shall take place at 4:00 p.m. on any day within ten Business Days after all the conditions of the Disposal Agreement have been fulfilled or such other date as may be agreed between parties thereto. Upon Completion, the Company will no longer have any interest in the Disposed Group and the companies in the Disposed Group will cease to be subsidiaries of the Company. The financial results of the Disposed Group will cease to be consolidated into the accounts of the Group. Yongbao Resources is a company incorporated in the BVI with limited liability and is principally engaged in investment holding. Of the 13 subsidiaries of Yongbao Resources, save for the following four subsidiaries, all other subsidiaries are either investment holdings companies or were dormant in the past two years. Jianshengpan was established in the PRC in October 2003. Jiashengpan is principally engaged in mining and processing of mineral resources and holding of mining licence in the PRC. Jiashengpan is a holder of a mining right for a mine located in 中國內蒙古自治區烏拉特中旗 (Wulatezhong Qi, Inner Mongolia of the PRC#) with an aggregate mining area of 1.1014 square kilometres. As disclosed above, ▇▇▇▇▇▇▇▇▇▇▇▇ has unauthorisedly executed certain guarantees for the loans of First Create. Judgments were entered into against, among others, Jiashengpan. Further, Jiashengpan also defaulted in repayment of a loan in a principal amount of RMB150 million, the mining right and certain bank accounts of Jiashengpan are subject to a freezing order. As at 30 June 2017, based on the management account of Jiashengpan, Jiashengpan recorded provision for litigation of approximately RMB1,359 million. Straight Upward Investments Limited is a company incorporated in the BVI with limited liability and it is principally engaged in trading of derivative financial instruments. Sky King Development Limited is a company incorporated in Hong Kong with limited liability and it is principally engaged in investment holding and trading of derivative financial instruments Ruirui was established in the PRC in March 2006. Ruirui is principally engaged in investment holding, trading of nonferrous metals and derivative financial instruments. Like ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ has unauthorisedly executed certain guarantees for the loans of First Create and judgments were entered into against, among other things, Ruirui. Since the discovery of the Litigation and the Arbitration Cases in 2015, each of Straight Upward Investments Limite...
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Completion of the Disposal. Pursuant to the Equity Transfer Agreement, All Pride shall procure Shanghai Skyway to file an application for registration of the transfer of the Target Shares to Great Wall with the relevant industrial and commercial administrative authority in the PRC. Completion of such registration shall be treated as completion of the Disposal.
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Related to Completion of the Disposal

  • Completion of the Project The Participating County acknowledges it is obligated to undertake and complete the design and construction of the Project in compliance with all of the applicable terms and conditions of the Project Documents and the Participating County agrees to use its best efforts to cause the completion of design and construction of the Project in compliance with the applicable terms and conditions of such documents. The Participating County agrees to complete the Project in accordance with this Agreement and consistent with the scope, cost and schedule established by the Board and attached hereto in Exhibit A, as such scope, cost and schedule may be modified with the approval of Finance and the recognition of the Board.

  • Completion of the Work The Contractor must obtain Material Completion as defined in Section 6.1.2 below prior to any occupancy of the Project.

  • Upon completion of the Project the Recipient shall make a full and complete accounting to the OPWC of the Eligible Project Cost.

  • Construction of the Project The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the Apartment/ Plot and accepted the floor plan, payment plan and the specification, amenities and facilities annexed along with this Agreement which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the bye-laws, FAR, and density norms and provisions prescribed by the relevant building bye-laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of this Agreement.

  • Construction of the Project Highway (i) The Contractor shall construct the Project Highway as specified in Schedule- B and Schedule-C, and in conformity with the Specifications and Standards set forth in Schedule-D. The Contractor shall be responsible for the correct positioning of all parts of the Works, and shall rectify any error in the positions, levels, dimensions or alignment of the Works. The [650th (six hundred and fiftieth) day] from the Appointed Date shall be the scheduled completion date (the “Scheduled Completion Date”) and the Contractor agrees and undertakes that the construction shall be completed on or before the Scheduled Completion Date, including any extension thereof. (ii) The Contractor shall construct the Project Highway in accordance with the Project Completion Schedule set forth in Schedule-J. In the event that the Contractor fails to achieve any Project Milestone or the Scheduled Completion Date within a period of 30 (thirty) days from the date set forth in Schedule-J, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority of a sum calculated at the rate of 0.05% (zero point zero five percent) of the Contract Price for delay of each day reckoned from the date specified in Schedule –J and until such Project Milestone is achieved or the Project Highway is completed; provided that if the period for any or all Project Milestones or the Scheduled Completion Date is extended in accordance with the provisions of this Agreement, the dates set forth in Schedule-J shall be deemed to be modified accordingly and the provisions of this Agreement shall apply as if Schedule-J has been amended as above; provided further that in the event the Project Highway is completed within or before the Scheduled Completion Date including any Time Extension, applicable for that work or section, the Damages paid under this Clause 10.3 (ii) shall be refunded by the Authority to the Contractor, but without any interest thereon. The Parties agree that for determining achievement or delays in completion of the Project Milestones or the Project on the due date, the works affected due to delay in providing the site for which time extension has been granted beyond the Scheduled Completion Date will be excluded. For example on the due date to achieve the Project Milestone-I (i.e., Stage Payments of 10% (ten percent) of Contract Price on 180th (one hundred and eighty) day from the Appointed Date), if 5% (five percent) of the project length corresponding to the Project Milestone-I is not handed over or lately handed over resulting in the extension of completion of this 5% (five percent) length beyond Scheduled Completion Date, Stage Payment of 10% X 0.95 = 9.5% only is to be achieved by 180th (one hundred and eighty) day. For the avoidance of doubt, it is agreed that recovery of Damages under this Clause 10.3 (ii) shall be without prejudice to the rights of the Authority under this Agreement including the right of Termination thereof. The Parties further agree that Time Extension hereunder shall only be reckoned for and in respect of the affected Works as specified in Clause 10.5 (ii). (iii) The Authority shall notify the Contractor of its decision to impose Damages in pursuance with the provisions of this Clause 10.3. Provided that no deduction on account of Damages shall be effected by the Authority without notifying the Contractor of its decision to impose the Damages, and taking into consideration the representation, if any, made by the Contractor within 20 (twenty) days of such notice. The Parties expressly agree that the total amount of Damages under Clause 10.3 (ii) shall not exceed 10% (ten percent) of the Contract Price. If the damages exceed 10% (ten percent) of the Contract Price, the Contractor shall be deemed to be in default of this agreement having no cure and the Authority shall be entitled to terminate this Agreement by issuing a Termination Notice in accordance with the provisions of Clause 23.1 (ii). (iv) In the event that the Contractor fails to achieve the Project Completion within a period of 90 (ninety) days from the Schedule Completion Date set forth in Schedule-J, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, the contractor shall be deemed to be ineligible for bidding any future projects of the Authority, both as the sole party or as one of the parties of Joint Venture/ Consortium during the period from Scheduled Completion Date to issuance of Completion Certificate. This restriction is applicable if the contract value of the delayed project is not less than Rs. 300 Crore.