Type of Transaction Clause Samples
The 'Type of Transaction' clause defines the specific nature or category of the transaction being governed by the agreement. It clarifies whether the contract pertains to a sale, lease, service, license, or another form of commercial arrangement, and may outline relevant details such as the subject matter or scope. By explicitly stating the transaction type, this clause ensures both parties have a mutual understanding of their obligations and the legal framework that applies, thereby reducing ambiguity and potential disputes.
Type of Transaction. Cash Exercise (Purchase of the option shares with the intent to hold the shares for sale at a future date).
Type of Transaction. Asset Acquisition of PAN with payment in Preferred stock in the Company. PAN's Assets shall be acquired by Pangaea Education Systems, Inc. (a to be incorporated Nevada corporation and wholly owned subsidiary of the Company, hereinafter referred to as "PES").
Type of Transaction. Unit Entitlement from the Seabrook Nuclear Power Plant, Asset ID No. 555 (“Unit”).
Type of Transaction. This is a Rental Transaction. You may use the property for the term of the lease. At your option, you may renew this lease. To do this, you must make a rental payment in advance for each term you wish to rent the property. The rental rates are shown above. Time is of the essence. There are no grace periods.
Type of Transaction. This Terms Schedule is not a Related Terms Schedule at the date hereof, provided however that a Terms Schedule entered into after the date hereof may provide that this Terms Schedule is a Related Terms Schedule with respect to one or more Purchases effected after the date hereof.
Type of Transaction. Unit Entitlement from the Seabrook, Asset ID No. 555 (“Unit”).
Type of Transaction. Pursuant to a definitive agreement or agreements to be negotiated between the parties (the “Definitive Agreement”), the transaction will be structured as a sale by Sellers to Buyer of all issued and outstanding stock of [1a] after a due diligence investigation process by ▇▇▇▇▇. If material assets are used in [1a]’ business but not owned by [1a], this may require adjustments to the transaction (for example, real estate or equipment owned by Sellers or an affiliated entity) including the acquisition of all the stock or equity of such affiliated entities. [1a] and any such affiliated entities holding such assets are referred to as Target Companies. The provisions relating to [1a] are intended to apply to any Target Company as well, as if it were part of [1a]. Seller would need to obtain all necessary consents and Buyer will reasonably cooperate in this effort to acquire such Target Companies.
Type of Transaction. Fully Marketed best efforts private placement. It shall be a condition of completion of the Offering that the Special Warrants not be subject to a hold period of longer than four months and one day after the Closing Date in the Jurisdictions.
Type of Transaction. Omega agrees to purchase and Powerball agrees to sell under the terms and conditions of this agreement an exclusive, world wide license of POWERBALL'S patented technology of a pelletized hydride, hydrogen generating system integrated and in conjunction with electric generated fuel cell system, except as limited herein. The license shall not grant to OMEGA rights regarding Proton Exchange Membrane based fuel cell electric generating systems for any applications sold to General Motors, Daimler Chrysler, Ford Motor Company, Toyota, Nissan, Honda, Ba▇▇▇▇▇, or any of their subsidiaries or affiliates.