Hide Date from the Sale Of Shares Agreement

Aug 6th, 2022
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What does Long-stop date mean? In a SPA/APA, the date by which the conditions must be satisfied (or waived) for completion to take place, so as to impose ultimate certainty as to completion of the transaction.
What is a long stop date? A long stop date is a date that is agreed upon for the property to be complete no longer than this date. If the property is not complete by this date, you are entitled to rescind the contract and receive return of your deposit, although you may wish to extend this date if you decide to.
: a fielding position in cricket directly behind the wicketkeeper. also : a fielder occupying this position.
There are usually two dates, a short stop and a long stop. The short stop date will be relayed as an estimated date, this is when the developer expects to have finished the building. The long stop date is the date by which they must have done so.
Each Shareholder Party agrees that it will, and will direct its designated representatives to, keep confidential and not disclose any Confidential Information; provided, however, that the Sponsor and the Major Holders may disclose Confidential Information (a)to its designated representatives and (b)as the Company may
A registered sale agreement is deemed to be valid for three years. In the presence of a negative clause in the agreement, for instance, in case the buyer is required to register a property within three months, the limitation is then extended by such a period.
If the transaction remains incomplete at the end of this time, the agreement is either automatically terminated or one of the parties wins the right to withdraw. Such a clause is called a Longstop Date.
Termination. The shareholders agreement can be terminated either by agreement of all the shareholders or, in respect of a particular shareholder, when that individual is no longer a shareholder. This usually means that the shareholder has sold all of his or her shares in the company.

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