Common use of Issuance of Holdco Shares Clause in Contracts

Issuance of Holdco Shares. In consideration for the contribution, assignment, transfer and delivery of each Rollover Shareholder’s Rollover Shares to Holdco pursuant to Section 2.1 of this Agreement, Holdco shall issue Holdco Shares in the name of such Rollover Shareholder (or, if designated by such Rollover Shareholder in writing, in the name of an Affiliate of such Rollover Shareholder) of the class and in the amount set forth opposite such Rollover Shareholder’s name under the column titled “Holdco Shares” on Schedule A hereto. Each Rollover Shareholder hereby acknowledges and agrees that (a) the value of the Holdco Shares issued to such Rollover Shareholder is equal to (x) the total number of Rollover Shares contributed by such Rollover Shareholder multiplied by (y) the Per Share Merger Consideration (or Per ADS Merger Consideration, if applicable) under the Merger Agreement, (b) delivery of such Holdco Shares shall constitute complete satisfaction of all obligations towards or sums due to such Rollover Shareholder by Parent with respect to the applicable Rollover Shares and (c) on receipt of such Holdco Shares, such Rollover Shareholder shall have no right to the Per Share Merger Consideration (or the Per ADS Merger Consideration, if applicable) with respect to the Rollover Shares contributed to Holdco by such Rollover Shareholder.

Appears in 5 contracts

Samples: Contribution and Support Agreement (Taylor Andrew C), Contribution and Support Agreement (Ctrip Investment Holding Ltd.), Contribution and Support Agreement (Ocean Imagination L.P.)

AutoNDA by SimpleDocs

Issuance of Holdco Shares. In consideration for the contribution, assignment, transfer and delivery of each Rollover Shareholder’s Rollover Shares to Holdco pursuant to Section 2.1 of this Agreement, Holdco shall issue Holdco Shares in the name of such Rollover Shareholder (or, if designated by such Rollover Shareholder in writing, in the name of an Affiliate of such Rollover Shareholder) of the class and in the amount set forth opposite such Rollover Shareholder’s name under the column titled “Holdco Shares” on Schedule A hereto. Each Rollover Shareholder hereby acknowledges and agrees that (a) the value of the Holdco Shares issued to such Rollover Shareholder is equal to (x) the total number of Rollover Shares contributed by such Rollover Shareholder multiplied by (y) the Per Share Merger Consideration (or Per ADS Merger Consideration, if applicable) under the Merger Agreement, (b) delivery of such Holdco Shares shall constitute complete satisfaction of all obligations towards or sums due to such Rollover Shareholder by Parent with respect to the applicable Rollover Shares and (c) on receipt of such Holdco Shares, such Rollover Shareholder shall have no right to the Per Share Merger Consideration (or the Per ADS Merger Consideration, if applicable) with respect to the Rollover Shares contributed to Holdco by such Rollover Shareholder.

Appears in 4 contracts

Samples: Contribution and Support Agreement (Dongfeng Asset Management Co. Ltd.), Contribution and Support Agreement (Zhang Ray Ruiping), Contribution and Support Agreement (Taylor Andrew C)

AutoNDA by SimpleDocs

Issuance of Holdco Shares. In As consideration for the indirect benefit received by Holdco as a result of the contribution, assignment, transfer and delivery of each Rollover Shareholder’s the Rollover Shares to Holdco Parent, a wholly-owned Subsidiary of Holdco, pursuant to Section 2.1 of this Agreement1, Holdco shall issue Holdco Shares in the name of such each Rollover Shareholder Stockholder (or, if designated by such Rollover Shareholder Stockholder in writing, in the name of an Affiliate affiliate of such Rollover ShareholderStockholder) of the class and in the amount set forth opposite such Rollover ShareholderStockholder’s name under the column titled “Holdco Shares” on Schedule A hereto. Each Rollover Shareholder hereby acknowledges and agrees the parties hereto acknowledge and agree that (a) the value of the such Holdco Shares issued to such each Rollover Shareholder Stockholder is equal to (x) the total number of the Rollover Shares contributed by such Rollover Shareholder Stockholder multiplied by (y) the Per Share Merger Consideration (or Per ADS Merger Consideration, if applicable) under the Merger Agreement, . Each Rollover Stockholder hereby acknowledges and agrees that (bi) delivery of such Holdco Shares shall constitute complete satisfaction of all obligations towards or sums due to such Rollover Shareholder Stockholder by Parent and Holdco with respect to the applicable Rollover Shares Shares, and (cii) on receipt of such Holdco Shares, such Rollover Shareholder Stockholder shall have no right to the Per Share any Merger Consideration (or the Per ADS Merger Consideration, if applicable) with respect to the Rollover Shares contributed to Holdco Parent by such Rollover ShareholderStockholder.

Appears in 1 contract

Samples: Contribution Agreement (China TransInfo Technology Corp.)

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