a global assignment and assumption agreement along with business transfer agreements for transfers of chemicals assets and assumption of chemicals liabilities will be executed on or prior to the distribution date; provided, however, that in the event of a conflict between such agreements and this agreement, this agreement will control; and provided further that the transfer of the operating assets of the chemicals business shall be substantially completed prior to the special meeting. receivables transfer agreement means (a) the transfer agreement dated as of february 28, 2003, between the transferor and the receivables subsidiary, relating to the permitted receivables financing, as it may be amended, supplemented or otherwise modified to the extent permitted by section 6.09 and (b) any agreement replacing such receivables transfer agreement, provided that such replacing agreement contains terms that are substantially similar to such receivables transfer agreement and that are otherwise no more adverse in any material respect to the lenders than the applicable terms of such receivables transfer agreement.
stockholder agreement means the stockholder agreement, dated as of august 29, 2003, among the company and its stockholders, as amended and in effect from time to time. cooperation agreement means that certain mortgage loan cooperation agreement, dated as of the closing date, among borrower, lender and sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.
it is basically a form of purchase of ownership of a business in consideration and thereby transfers of its assets and liabilities incidental thereto from the seller to the purchaser. it is through a deed conveyance that the agreement to sell is executed in actuality and through it, there is actual sale or transfer of the assets and liabilities to the purchaser, and the agreement to sell comes into force thereafter. this is the clause that actually defines the nature of the transaction between the parties and lists out how it is to take place.
since tax is one of the major aspects which has to be regulated and looked into when undertaking a business transfer, it is essential to draft a clause in this respect specifying each party’s obligations with respect to tax liability. in such a transfer it is important to protect the confidentiality of the information and this clause shall specify the same. while entering into such agreements, affecting the rights and liabilities of the parties, it becomes compelling to draft each clause with diligence as enumerated in the above sections.
this business transfer agreement (the “agreement”) is made and entered into on , by and between hynix semiconductor inc., a corporation business transfer agreement whereas, buyer wishes to purchase the seller’s business by acquisition of substantially all of the assets and liabilities of a business transfer agreement is a legal document that outlines the terms of the sale of a business and its assets. it is also known as a:., business ownership transfer agreement pdf, business ownership transfer agreement pdf, sale of business agreement, company acquisition agreement pdf, agreement for transfer of property.
once completed and signed by all parties, this business transfer agreement constitutes a binding agreement between the parties, enabling them to start business as a going concern to the purchaser, and the purchaser agrees to purchase the. business on the terms of this agreement, at closing. 2.2. liabilities. document description. this business transfer agreement template template has 19 pages and is a ms word file type listed under our legal agreements documents., what should be included in a business purchase agreement, shop transfer agreement, customer transfer agreement, business sale agreement word format.
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