Examples of Redeemable Shares in a sentence
No Shareholder shall directly or indirectly sell, transfer, or dispose of the legal beneficial ownership of, or control of, any of its Redeemable Shares except with the prior written approval of the Board (which approval may be granted or not, at the discretion of the Board).
Except as hereinafter provided or as otherwise determined by the Company, no notice of redemption or other act or formality on the part of the Company shall be required to call the Redeemable Shares for redemption.
Delivery to and receipt by the Depository of the Aggregate Redemption Amount in such a manner, shall be a full and complete discharge of the Company’s obligation to deliver the Aggregate Redemption Amount to the holders of Redeemable Shares.
No certificates for the Redeemable Shares shall be issued to holders.
Orca has entered this Agreement and the Shareholder Loan Agreement in its capacity as a Shareholder and not in its capacity as a Holder of Redeemable Shares (Mauritius).