BTA Closing Date definition

BTA Closing Date shall have the meaning as ascribed to it in Clause 5.1 of this Agreement;
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BTA Closing Date means the date, on which ‘Closing’ (as defined in the Share Subscription and Purchase Agreement) under the Share Subscription and Purchase Agreement occurs.
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Examples of BTA Closing Date in a sentence

  • All Tax liabilities in relation to the Hotel Business Undertaking for the period starting from the BTA Closing Date shall be to the account of and be satisfied by the Transferee.

  • The Transferee shall thereafter make an offer of employment to all consenting Employees with effect from the BTA Closing Date, by executing the Appointment Letter with each Employee.

  • All Tax benefits and exemptions available to the Hotel Business Undertaking under applicable Law on and from the BTA Closing Date shall be transferred to the Transferee.

  • The Transferor shall deliver on or before the BTA Closing Date to the Transferee signed Appointment Letters indicating appointment of all the Employees of the Transferor by the Transferee with effect from the BTA Closing Date.

  • All Tax liabilities in relation to the Hotel Business Undertaking for the period up to the BTA Closing Date shall be to the account of and be satisfied by the Transferor.

  • Subject to Clause 2.5.3, the Transferee shall be responsible for all obligations (whether under applicable Law or otherwise) in relation to the Employees who have executed the Appointment Letter on and after the BTA Closing Date.

  • The Transferor shall be entitled to claim all Tax benefits and exemptions in relation to the Hotel Business Undertaking until the day immediately prior to the BTA Closing Date.

  • For the avoidance of doubt the Parties agree and acknowledge that the Transfer of the Hotel Business Undertaking shall be undertaken on BTA Closing Date, as contemplated under this Agreement, free of any Encumbrance of the Transferor (save and except as Disclosed).

  • Each of the Seller and the Purchaser shall preserve until the 11th (eleventh) anniversary of the end of the financial year (i.e. March 31st) in which the BTA Closing Date occurs or until the expiration of the applicable statute of limitations, whichever is longer, all records, including Tax Returns, possessed or to be possessed by such Party which are related to the Business Undertaking prior to the BTA Closing Date.

  • For the purposes of this Clause 6.2, the originals of all Business Licenses that are capable of being assigned/ transferred (as per Applicable Law) to the Purchaser without prior consent of any Governmental Authority, shall be delivered to the Purchaser on the BTA Closing Date (whether through physical or constructive delivery).

Related to BTA Closing Date

  • Second Closing Date means the date of the Second Closing.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.