Common use of Immediately prior to Completion Clause in Contracts

Immediately prior to Completion. (a) the Purchaser shall procure that it or one of its Affiliates, or such other third party, advances a loan to the Target HoldCo in an amount of no less than the amount of interest and principal outstanding on the Existing Loans (the “Completion Loan”); (b) the Seller shall procure that the amount advanced under the Completion Loan is advanced to the relevant borrowers under the Existing Loans in such amounts as are outstanding under each such Existing Loan (the “Downstream Loans”); and (c) the Seller shall procure that all interest and principal outstanding on the Existing Loans are repaid to the Seller or ARA RE Investment Group (Singapore) Pte. Ltd., as applicable, in full.

Appears in 2 contracts

Sources: Share Purchase Agreement, Share Purchase Agreement