Entrée Shares Sample Clauses

Entrée Shares. All Entrée Shares issued pursuant to the Share Scheme will rank pari passu in all respects with other Entrée Shares on issue at the Effective Date.
Sample 1
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Entrée Shares. 3.1 In addition to the above, Entrée Gold agrees to issue to Mongol Gazar five million (5,000,000) common shares of Entrée Gold (the "Shares"), subject to the terms and conditions of this Agreement, provided that: 3.1.1 no shares shall be issued to Mongol Gazar which would result In Mongol Gazar holding that number of common shares of Entrée Gold that represents more than 20% of the then issued and outstanding share capital; and 3.1.2 Mongol Gazar will not exercise any warrants, options or other rights to acquire common shares which would result in Mongol Gazar holding that number of common shares of Entrée Gold that represents more than 20% of the then issued and outstanding share capital, until such time as Entrée Gold has obtained shareholder approval for the transaction and the creation of a new control person. 3.2 On or before ft Payment Date (as defined below), Entrée Gold shall issue that number of the Shares to Mongol Gazar that, together with shares of Entrée Gold that are held by Mongol Gazar directly or indirectly or over which Mongol Gazar exercises control or direction, are equal to 19.9% of the issued shares of Entrée Gold subsequent to such issuance. The remaining Shares, if any, shall be Issued to Mongol Gazar within seven business days of Entrée Gold receiving written notification from Mongol Gazar that the Issuance of such Shares will not result in Mongol Gazar said holding being greater than 19.9%. 3.3 Mongol Gazar acknowledges that any Shares issued to it pursuant to this Agreement shall be subject to a minimum four month re-sale restriction imposed by Canadian securities laws and by the TSX Venture Exchange. 3.4 Entrée Gold hereby agrees that by the 30th November 2004 should the sale, of the five million shares not realize funds of five million US dollars, then Entrée Gold will pay Mongol Gazar the net difference.
Sample 1

Related to Entrée Shares

  • Exchange Shares The Exchange Shares have been duly and validly authorized by all necessary action, and, when issued and delivered pursuant to this Agreement, such Exchange Shares will be duly and validly issued and fully paid and nonassessable, will not be issued in violation of any preemptive rights, and will not subject the holder thereof to personal liability.

  • The Shares The Shares to be issued and sold by the Company hereunder have been duly authorized by the Company and, when issued and delivered and paid for as provided herein, will be duly and validly issued, will be fully paid and nonassessable and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus; and the issuance of the Shares is not subject to any preemptive or similar rights.

  • Parent Shares All outstanding Parent Shares, and all Parent Shares, which may be issued pursuant to this Agreement shall when issued in accordance with this Agreement be, duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights.

  • Purchased Shares Subject to the terms and conditions provided below, Seller shall sell and transfer to Buyers and Buyers shall purchase from Seller, on the Closing Date (as defined in Section 1(c)), all of the Shares.

  • Consideration Shares All Consideration Shares will, when issued in accordance with the terms of the Arrangement, be duly authorized, validly issued, fully paid and non-assessable Purchaser Shares.

  • Common Shares 4 Company...................................................................................... 4

  • Buyer Shares Each Buyer Share issued and outstanding at and as of the Effective Time will remain issued and outstanding.

  • Purchase Shares Subject to the terms and conditions hereinafter set forth herein, the Holder is entitled, upon surrender of this Warrant at the principal office of the Company (or at such other place as the Company shall notify the holder hereof in writing), to purchase from the Company up to ( ) fully paid and nonassessable shares of Common Stock, par value $0.0001, of the Company, as constituted on the Warrant Issue Date (the “Common Stock”). The number of shares of Common Stock issuable pursuant to this Section 1 (the “Shares”) shall be subject to adjustment pursuant to Section 9 hereof.

  • Acquired Shares Any Shares or other voting securities of the Bank with respect to which beneficial ownership is acquired by Shareholder or its affiliates, including, without limitation, by purchase, as a result of a stock dividend, stock split, recapitalization, combination, reclassification, exchange or change of such Shares or upon exercise or conversion of any securities of the Bank, if any, after the date hereof shall automatically become subject to the terms of this Agreement.

  • Shares The term “

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