Signing Purchase Agreement

Example Definitions of "Signing Purchase Agreement"
Signing Purchase Agreement. Corresponds to the moment in which the Purchase Agreement is signed, which will implicitly mean all acquisition terms are already accepted by Sellers and Buyer. Even though the ownership of the 51% of the Membership Interest (Capital Stock) of the Company has not been transferred to Buyer, there is a firm commitment to do so within the terms of this contract. In the same way, from the Signing Date, it will not be possible to sell, alienate, indebt, distribute dividends of the Company, assets or... bank accounts, without the express authorization of Buyer. Sellers are committed to maintaining the Company in full and complete operability for the normal operations of the business as usual. The parties agree that the Execution Date (Closing Date) will not be later than May 1st, 2022. View More
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