Completion of Transfer Clause Samples
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Completion of Transfer. The transfer of the Said Shop/Apartment and Appurtenances shall be completed by the Transferor and the Developer by executing transfer deed in favour of the Allottee/Transferee provided the Allottee/Transferee pays all amounts required for the same.
Completion of Transfer. The transfer of the Said Flat And Appurtenances shall be completed by the Owners and the Developer by executing conveyance in favour of the Buyer provided the Buyer pays all amounts required for the same.
Completion of Transfer. The transfer of Shares shall take place at the headquarters of the Company, except otherwise agreed by all parties concerned, the following business shall be completed:-
(1) The Seller shall deliver or procure the delivery to the Purchaser the following document:
(A) the share certificate for the Shares ; and
(B) the written resignation of all directors nominated by the Seller.
(2) The Seller shall procure that a board meeting of the Company be held to adopt the following resolutions:-
(A) appoint the nominees of the Purchaser as directors;
(B) approve the resignation submitted by the directors nominated by the Seller and
(C) approve the registration of the transfer of Shares on the shareholders register.
Completion of Transfer. The transfer of the Said Unit And Appurtenances shall be completed by the Sellers by executing conveyance in favour of the Buyer.
Completion of Transfer. If Landlord consents to any Transfer (and does not exercise any recapture rights Landlord may have under this Lease), Tenant may within six (6) months after Landlord’s consent, enter into the approved Transfer, upon substantially the same terms and conditions as are set forth in the Transfer Notice. If there are any material changes in the terms and conditions from those specified in the Transfer Notice (a) such that Landlord would initially have been entitled to refuse its consent to such Transfer; or (b) that would cause the proposed Transfer to be more favorable to the Transferee than the terms set forth in the Transfer Notice, Tenant shall again submit the Transfer to Landlord for its approval and other action under this Article (including, without limitation, exercise any of recapture rights Landlord may have under this Lease).
Completion of Transfer. 13.7.1 Upon completion of the allocation under Clause 13.6.5, the Board shall within two (2) Business Days of the completion of such allocation give written notice of the allocation (an “Allocation Notice”) to the Seller and each Shareholder to whom Sale Shares have been allocated (an “Applicant”) specifying the number of Sale Shares allocated to each Applicant and the place and time (being not less than five (5) Business Days nor more than ten (10) Business Days after the date of the Allocation Notice) for completion of the transfer of the Sale Shares.
13.7.2 Upon service of an Allocation Notice, the Seller must, against payment of the Transfer Price, transfer the Sale Shares to the Applicants in accordance with the requirements specified in it, by the delivery of duly executed transfer forms together with the relative share certificates in respect of such Sale Shares to the Applicants.
13.7.3 If the Seller fails to comply with the provisions of Clause 13.7.2:
(a) the Company and each Director shall be constituted and shall be deemed to have been appointed the agent and attorney of the Seller with full power to:
(i) take such actions and complete, execute and deliver, in the name and on behalf of the Seller, all documents necessary to give effect to the transfer of the relevant Sale Shares to the Applicants against payment of the relevant Transfer Price to the Company; and
(ii) (subject to the transfer being duly stamped) enter the Applicants in the register of members as the holders of the Sale Shares purchased by them; and
(b) the Company’s receipt of the Transfer Price shall be a good discharge to the Applicants. Upon receipt of the Transfer Price, the Company shall pay the Transfer Price into a separate bank account in the Company’s name on trust (but without interest) or otherwise hold the Transfer Price on trust for the Seller until it has delivered to the Company its share certificate(s) in respect of the relevant Sale Shares (or a duly executed indemnity for lost certificate in a form acceptable to the Board).
Completion of Transfer. 6.1 On the Completion Date (as defined below), the transferee(s) shall become the legitimate holder(s) of the relevant portion of the Equity Interest and enjoy all the rights and assume all the obligations of such shareholding under PRC law and the articles of association of the Domestic Co, and the relevant Shareholder(s) shall no longer enjoy any right or assume any obligation in connection with such shareholding.
Completion of Transfer. The sale and purchase of the Sale Shares in accordance with this Clause shall be made on the following terms:
24.5.1 if any of the Permitted Conditions to the Default Notice is not satisfied or waived 90 Business Days after service of that Default Notice then that Default Notice shall lapse. Otherwise, completion of the transfer of the Sale Shares shall be completed 7 Business Days after written notice of the determination of the Fair Value of the Sale Shares or the date of satisfaction or waiver of all Permitted Conditions (whichever is the later) (the "Transfer Date") at such reasonable time and place that the shareholders agree or, failing which, at the registered office of the Company during normal business hours;
24.5.2 the selling Shareholder shall deliver to the buyer in respect of the Sale Shares on or before the Transfer Date:
(i) duly executed share transfer forms; and
(ii) the relevant share certificates; and
(iii) a power of attorney in such form and in favour of such person as the buyer may nominate to enable the buyer to exercise all rights of ownership in respect of the Sale Shares including, without limitation, the voting rights; and
24.5.3 the buyer shall pay the consideration for the Sale Shares to the selling Shareholder by banker's draft or by telegraphic transfer to the bank account of the selling Shareholder notified to it for the purpose on the Transfer Date; and
24.5.4 in accordance with Clause 26.
Completion of Transfer. The transfer shall be completed by the Transferors executing and registering necessary conveyance in favour of the Purchaser.
Completion of Transfer. Except in connection with or following an Initial IPO, the completion of any transfer of Shares under this Agreement shall be made in accordance with the following terms:
17.2.1 the purchaser shall not be a Restricted Person;
17.2.2 the seller shall deliver to the purchaser a draft notarial deed of transfer to be promptly and duly executed before a Dutch civil-law notary in favour of the purchaser and a certified copy of any authority under which such transfer will be executed;
17.2.3 the purchaser shall cooperate with respect to such deed of transfer;
17.2.4 the purchaser shall pay the aggregate transfer price in respect of the relevant Shares to the seller by banker’s draft for value on the date of completion or in such other manner as the purchaser and the seller may agree prior to completion;
17.2.5 the purchaser shall (if it is not already a party to this Agreement) enter into a Deed of Adherence substantially in the form set out in schedule 8; and
17.2.6 the seller shall do all such other acts and execute all such other documents in a form satisfactory to the purchaser as the purchaser may reasonably require to give effect to the transfer of Shares to it.