Conditions Precedents. Completion of the acquisition is conditional upon (i) the passing of shareholders resolutions of Shanghai Greentown Forest to approve the distribution of profit after taxation in the amount of RMB456,309,237.96 in favour of Greentown Real Estate and (ii) Sunac Zhidi providing guarantee in favour of Greentown Real Estate of the aforementioned profit distribution after taxation. The consideration of RMB104,540,000, shall be paid by Sunac Zhidi to Greentown Real Estate in the following manner:
Appears in 2 contracts
Sources: Framework Agreement, Framework Agreement