Common use of COMPLETION OF THE SETTLEMENT Clause in Contracts

COMPLETION OF THE SETTLEMENT. 4.1 Completion of the Settlement shall take place at the office of the Company on the Completion Date, or the next Business Day thereto if the intended Completion Date being a Disrupted Day, when all (but not part only) of the following business shall be transacted: (a) the Lender shall deliver to the Company an application for the Settlement Shares in a form to the reasonable satisfaction of both the Company and the Lender; (b) the Company shall deliver to Lender and/or its nominees definitive share certificates for the Settlement Shares in board lots in denominations of 2,000 Shares per lot issued in the name of the Lender and/or its nominees and in accordance with instructions given in the application to be delivered as referred to above or, if so required by the Lender, share certificates in respect of the Settlement Shares subscribed by the Lender to the depositary for HKSCC Nominees Limited for credit to such CCASS participants’ accounts or investor participants’ accounts as may be designated by the Lender; and (c) the Company shall procure the specimen signature of the Lender be registered with the Share Registrar of the Company. 4.2 The Subscription Agreement, the Connected Conversion Agreements and the Settlement Agreements are inter-conditional, and the Completion, the completion of the Subscription and the completion of the Connected Conversion shall take place simultaneously.

Appears in 3 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

AutoNDA by SimpleDocs

COMPLETION OF THE SETTLEMENT. 4.1 Completion of the Settlement shall take place at the office of the Company on the Completion Date, or the next Business Day thereto if the intended Completion Date being a Disrupted Day, when all (but not part only) of the following business shall be transacted: (a) the Lender shall deliver to the Company an application for the Settlement Shares in a form to the reasonable satisfaction of both the Company and the Lender; (b) the Company shall deliver to Lender and/or its her nominees definitive share certificates for the Settlement Shares in board lots in denominations of 2,000 Shares per lot issued in the name of the Lender and/or its her nominees and in accordance with instructions given in the application to be delivered as referred to above or, if so required by the Lender, share certificates in respect of the Settlement Shares subscribed by the Lender to the depositary for HKSCC Nominees Limited for credit to such CCASS participants’ accounts or investor participants’ accounts as may be designated by the Lender; and (c) the Company shall procure the specimen signature of the Lender be registered with the Share Registrar of the Company. 4.2 The Subscription Agreement, the Connected Conversion Agreements and the Settlement Agreements are inter-conditional, and the Completion, the completion of the Subscription and the completion of the Connected Conversion shall take place simultaneously.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

AutoNDA by SimpleDocs

COMPLETION OF THE SETTLEMENT. 4.1 Completion of the Settlement shall take place at the office of the Company on the Completion Date, or the next Business Day thereto if the intended Completion Date being a Disrupted Day, when all (but not part only) of the following business shall be transacted: (a) the Lender shall deliver to the Company an application for the Settlement Shares in a form to the reasonable satisfaction of both the Company and the Lender; (b) the Company shall deliver to Lender and/or its his nominees definitive share certificates for the Settlement Shares in board lots in denominations of 2,000 Shares per lot issued in the name of the Lender and/or its his nominees and in accordance with instructions given in the application to be delivered as referred to above or, if so required by the Lender, share certificates in respect of the Settlement Shares subscribed by the Lender to the depositary for HKSCC Nominees Limited for credit to such CCASS participants’ accounts or investor participants’ accounts as may be designated by the Lender; and (c) the Company shall procure the specimen signature of the Lender be registered with the Share Registrar of the Company. 4.2 The Subscription Agreement, the Connected Conversion Agreements and the Settlement Agreements are inter-conditional, and the Completion, the completion of the Subscription and the completion of the Connected Conversion shall take place simultaneously.

Appears in 1 contract

Samples: Settlement Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!