Examples of Local Purchaser in a sentence
The provisions of Schedule 6 shall apply in relation to the Employees and the transfer of the employment of the Employees to the Purchaser or a Local Purchaser and ancillary matters.
Any Taxes or fees resulting from any subsequent transfer or encumbrance, other than by Seller or a Local Seller to Purchaser or a Local Purchaser at Closing hereunder, of all or any portion of the Business or any assets or liabilities thereof on or subsequent to the Closing shall be borne entirely by Purchaser.
If, following the Separation Effective Time, the Local Seller acquires further or better title or right to such Stock that title or right shall automatically vest in the relevant Local Purchaser without any further action being required.
Contingency plans for handling accidents, emergencies or bankruptcies that may occur during construction and use of facilities, and which may threaten the environment and the conservation and sustainable use of biodiversity.
As of the date hereof, Seller does not have Knowledge of any breach by Purchaser or a Local Purchaser of any of their respective representations, warranties or covenants contained in this Agreement or any Ancillary Agreement that would entitle Seller to claim any rights under any provision of Article VII of this Agreement.
To the extent that the relevant social media platform does not permit transfers of ownership or registration, the Local Seller will do all things reasonably required by the Purchaser in order to provide the Local Purchaser with the benefit of the applicable social media property to the Local Purchaser.
Praxair will procure, subject to the terms and conditions of this Agreement and as of Closing, the sale and transfer from the relevant Praxair Sellers to Purchaser or the relevant Local Purchaser in the proportions (if any) as set out in Schedule 1 of all the issued shares in the capital of the Praxair DivestCo held by the Praxair Sellers (the "Praxair DivestCo Shares" and together with the Linde DivestCo Shares the "DivestCo Shares").
To the extent that any payment is made by the Sellers under this Agreement by way of or adjustment to the price of a particular DivestCo or any other payment under this Agreement to the Purchaser (e.g. for any claims) such payment is received by the Purchaser as agent for the Local Purchaser or other entity acquiring the relevant DivestCo under this Agreement (unless the Purchaser is itself the acquirer of the DivestCo, in which case it is received by the Purchaser as principal).
Seller shall not, and shall procure that no Local Seller and none of their legal successors will, and Purchaser shall not, and shall procure that no Local Purchaser and none of their legal successors will, raise any claims or take any other legal action under a Local STA or under any Law applicable to a Local STA, except for performance claims (Erfüllungsansprüche) relating to the assets sold under a Local STA.
The important thing here is defining when the gavel is turned over.