Completion of the Transaction Sample Clauses
The 'Completion of the Transaction' clause defines the specific actions and conditions required for the formal closing of a deal between parties. It typically outlines the steps each party must take, such as delivering necessary documents, transferring funds, or fulfilling pre-agreed obligations, before the transaction is considered finalized. This clause ensures that both parties clearly understand when and how the transaction is officially completed, thereby reducing the risk of disputes and providing a clear endpoint for contractual responsibilities.
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Completion of the Transaction. If none of the remaining Parties elect to exercise its preferential right to purchase the Working Interest offered, the Assignor shall be free to complete the proposed transaction on the terms disclosed in the notice. However, if any proposed transaction is not completed within one hundred twenty (120) days from the expiration of the fifteen {15) day preferential right election period (plus a reasonable time to secure any necessary governmental approvals) or, if the purchase price or material terms of the proposed transaction (which are relevant to the Lease) are amended in any way, the proposed transaction shall be considered withdrawn and the Working Interest offered shall again be subject to the preferential right to purchase as if the originally proposed transaction had never been proposed.
Completion of the Transaction. In furtherance of the completion of the foregoing, the Vendor shall deliver to the Purchaser the following (each of which shall be in form and substance reasonably satisfactory to the Purchaser):
(a) an assignment, duly executed by the Vendor, transferring the BBAH LLC Interests to the Purchaser;
(b) an assignment, duly executed by the Vendor, transferring the BSH LLC Interests to the Purchaser;
(c) an assignment, duly executed by the Vendor, transferring the BSDH LLC Interests to the Purchaser; and
(d) an assignment, duly executed by the Vendor, transferring the BFC LLC Interests to the Purchaser. Against receipt of such documents, the Purchaser shall deliver to the Vendors the Funds, and stock certificates registered in the name of the Vendor, representing the BHHI Common Shares and the BHHI Preferred Shares, in full payment thereof.
Completion of the Transaction. Subject to the payment of Subscription Consideration by CES Global to the Company according to Paragraph 2.2 above and receipt of the updated share register of the Company which demonstrates the capacity of CES Global as the shareholder of the Company, the Transaction under the Agreement shall be deemed as completed (“Completion of the Transaction”).
Completion of the Transaction. To the knowledge of the Corporation, no event has occurred or condition exists which will prevent the Transaction from being completed prior to the Escrow Release Deadline. Following the completion of the Transaction, the Corporation will, in all material respects, have acquired the Marathon Properties Interest as set out in the Binding Letter of Intent and as disclosed in the public disclosure record of the Corporation.
Completion of the Transaction. In furtherance of the completion of the foregoing, the Vendor shall deliver to the Purchaser a stock certificate, representing the Shares, accompanied by a stock power, duly completed and executed by the Vendor, transferring the Shares to the Purchaser, and against receipt of such assignment, the Purchaser shall deliver to the Vendor the Funds in full payment thereof. Such stock certificate and stock power shall be in form and substance reasonably satisfactory to the Purchaser.
Completion of the Transaction. 12.1 The completion of the transactions that are the subject of this agreement will take place on the second business day after the date of the fulfillment of all the conditions precedent stipulated in section 11.1 above or the waiver of their fulfillment according to the provisions of this agreement (hereinbefore and hereinafter: ‘the completion date’), or on any other date that will be agreed between the parties, at the offices of ▇▇▇▇ ▇▇▇▇ & Co., Advocates, at ▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇.
12.2 On the completion date, all the following operations will be performed:
12.2.1 Dalhom will deliver to Automax a confirmation of the correctness of its representations as of the completion date, in the form attached as Annex 12.2.1 of this agreement;
12.2.2 Automax will advance to the company Automax’s loans, inter alia by delivering postdated checks in the amounts and with the dates stated in section 3.3.3.1;
12.2.3 The company will pay Dalhom, in cash, the amount of the value of the inventory and the conditional prepayment for the concession and will deliver to Dalhom the postdated checks for ▇▇▇▇▇▇’s loan;
12.2.4 Dalhom will deliver to the company duly signed undertakings as stated in section 9.2 above;
12.2.5 Dalhom will deliver to the company a pledge and charge deed ▇▇▇▇ signed in the form attached as Annex 3.4 of this agreement;
12.2.6 The company and Automax will sign a loan agreement in the form attached as Annex 3.1.1 of this agreement, and the company and Dalhom will sign a loan agreement in the form attached as Annex 3.3.3.1 of this agreement;
12.2.7 The parties will sign every document that is required to give effect to the planned operations according to this agreement.
12.3 All the operations that will be performed on the completion date will be regarded as performed simultaneously. No single operation will be regarded as completed and no single document will be regarded as delivered until all the operations on that occasion will be completed and all the documents will be delivered.
Completion of the Transaction. In furtherance of the completion of the foregoing, the Vendors shall deliver to the Purchaser two (2) stock certificates, collectively representing the BHHI Shares, each duly endorsed for transfer to the Purchaser or accompanied by a stock power duly completed and executed, transferring the BHHI Shares to the Purchaser. Against receipt of such documents, the Purchaser shall deliver to the Vendors the stock certificates registered in the name of BWI and BHOC, respectively, representing the respective number of BHC Shares to be issued to each, in full payment thereof.
Completion of the Transaction. In furtherance of the completion of the foregoing, the Vendor shall deliver to the Purchaser an assignment, duly executed by the Vendor, transferring the Interests to the Purchaser, and against receipt of such assignment, the Purchaser shall deliver to the Vendor the Funds in full payment thereof. Such assignment shall be in form and substance reasonably satisfactory to the Purchaser.
Completion of the Transaction. 7.1 The two parties that the Transaction shall be completed within 12 months after the Agreement takes effect (or at any other later day agreed upon by the two parties in writing), in which event, all the following matters shall be completed:
7.1.1 Closing of the Target Assets (see article 7.2 hereof for details);
7.1.2 Party A has issued new shares to Party B2 and Party B3 as per the requirements herein which have been registered in the name of Party B2 and Party B3 by CSDC Shenzhen Branch.
7.1.3 Party A has paid the first tranche of cash consideration hereunder to Party B1; and
7.1.4 Party A has completed the assets verification in relation to the Transaction as well as the formalities for changes at the administration for industry and commerce.
7.2 Party B shall, within 60 days (or at a later date otherwise agreed upon by the two parties in writing) after CSRC approves the Share Issuance, properly handle the formalities for closing of the Target Assets as per the relevant laws and regulations, including without limitation:
7.2.1 Amend the articles of association of FL Mobile Jiutian Technology Co., Ltd and register the equity of FL Mobile Jiutian Technology Co., Ltd held by Party A in the amended AOA;
7.2.2 Conduct the formalities for registration of changes of shareholders and shareholdings of the Target Asset at the administration for industry and commerce;
7.2.3 Take any lawful measures to show that Party A has owned 100% equity of FL Mobile Jiutian Technology Co., Ltd.
7.3 After the closing formality for transfer of the equity of FL Mobile Jiutian Technology Co., Ltd is completed, Party A shall entrust an accounting firm qualified for securities business to verify the 35.13% equity of FL Mobile Jiutian Technology Co., Ltd held by Party B2 and Party B3 and used to subscribe for the shares issued by Party A, and to produce an assets verification report thereof.
7.4 After the consummation of the raising of supporting funds, Party A shall entrust an accounting firm qualified for securities business to conduct asset verification and produce an assets verification report thereof.
Completion of the Transaction. Subject to the payment of Subscription Consideration by CEA Holding to the Company according to Paragraph 2.2 above and the issuance of a written confirmation by China Securities Depository and Clearing Corporation Limited, Shanghai Branch in respect of the registration and custody of New A Shares, the Transaction under the Agreement shall be deemed as completed (“Completion of the Transaction”).