Sale of units (commercial) - simple sale of units agreement .
Sample
"RECITALS:
1. The Company acts as Trustee of «15» ("the Unit Trust").
2. The Unit Vendor holds «16» units in the Unit Trust.
3. The Share Vendor holds «17» shares in the Company.
4. The Unit Vendor has agreed to sell and the Unit Purchaser has agreed to purchase the Unit Vendor's «16» units in the Unit Trust ("the Units").
5. The Share Vendor has agreed to sell and the Share Purchaser has agreed to purchase the Share Vendor's «17» shares in the Company ("the Shares").
6. The Unit Trust has not vested as at ……………..
2 SALE AND PURCHASE
2.1 The Unit Vendor and the Share Vendor agree to sell and the Unit Purchaser and the Share Purchaser agree to purchase the Units and Shares respectively for the purchase price of «20» ("the Purchase Price") which must be apportioned as follows: -
2.1.1 the Units «21»
2.1.2 the Shares «22»
2.2 The purchase price payable by the Unit Purchaser and the Share Purchaser to the Unit Vendor and the Share Vendor must be paid by way of a bank cheque made payable to the Unit Vendor and the Share Vendor as directed on the Transfer Date or failing such direction, as follows: "
|
(j) Sale of shares and units agreement (simple) - SHAREUNIT 1
