Common use of Issues of Shares Clause in Contracts

Issues of Shares. In the event that, on the Completion Date, there are Shares that have not been sold pursuant to the Offer (‘Unsold Shares’), the Purchase Price shall be satisfied as follows: a an amount equal to the number of Shares that have been issued pursuant to the Offer multiplied by $209,000 shall be paid by the Buyer to the Seller on the Completion Date; and b upon the issue of each of the remaining Unsold Shares, further amounts of $209,000 shall be paid to the Seller (via the Buyer) within 5 Working Days of each issue by the eventual buyer of the Unsold Shares until such time as a total of 6 Shares have been issued and allotted and no Unsold Shares remain (at which point the Purchase Price shall have been met in full).

Appears in 1 contract

Samples: smartinvestor.sorted.org.nz

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Issues of Shares. In the event that, on the Completion Date, there are Shares that have not been sold pursuant to the Offer (‘Unsold Shares’), the Purchase Price shall be satisfied as follows: a an amount equal to the number of Shares that have been issued pursuant to the Offer multiplied by $209,000 399,000 shall be paid by the Buyer to the Seller on the Completion Date; and b upon the issue of each of the remaining Unsold Shares, further amounts of $209,000 399,000 shall be paid to the Seller (via the Buyer) within 5 Working Days of each issue by the eventual buyer of the Unsold Shares until such time as a total of 6 Shares have been issued and allotted and no Unsold Shares remain (at which point the Purchase Price shall have been met in full).

Appears in 1 contract

Samples: smartinvestor.sorted.org.nz

Issues of Shares. In the event that, on the Completion Date, there are Shares that have not been sold pursuant to the Offer (‘Unsold Shares’), the Purchase Price shall be satisfied as follows: a an amount equal to the number of Shares that have been issued pursuant to the Offer multiplied by $209,000 122,000 shall be paid by the Buyer to the Seller on the Completion Date; and b upon the issue of each of the remaining Unsold Shares, further amounts of $209,000 122,000 shall be paid to the Seller (via the Buyer) within 5 Working Days of each issue by the eventual buyer of the Unsold Shares until such time as a total of 6 Shares have been issued and allotted and no Unsold Shares remain (at which point the Purchase Price shall have been met in full).

Appears in 1 contract

Samples: smartinvestor.sorted.org.nz

Issues of Shares. In the event that, on the Completion Date, there are Shares that have not been sold pursuant to the Offer (‘Unsold Shares’), the Purchase Price shall be satisfied as follows: a an amount equal to the number of Shares that have been issued pursuant to the Offer multiplied by $209,000 357,000 shall be paid by the Buyer to the Seller on the Completion Date; and b upon the issue of each of the remaining Unsold Shares, further amounts of $209,000 357,000 shall be paid to the Seller (via the Buyer) within 5 Working Days of each issue by the eventual buyer of the Unsold Shares until such time as a total of 6 Shares have been issued and allotted and no Unsold Shares remain (at which point the Purchase Price shall have been met in full).

Appears in 1 contract

Samples: smartinvestor.sorted.org.nz

Issues of Shares. In the event that, on the Completion Date, there are Shares that have not been sold pursuant to the Offer (‘Unsold Shares’), the Purchase Price shall be satisfied as follows: a an amount equal to the number of Shares that have been issued pursuant to the Offer multiplied by $209,000 187,000 shall be paid by the Buyer to the Seller on the Completion Date; and b upon the issue of each of the remaining Unsold Shares, further amounts of $209,000 187,000 shall be paid to the Seller (via the Buyer) within 5 Working Days of each issue by the eventual buyer of the Unsold Shares until such time as a total of 6 Shares have been issued and allotted and no Unsold Shares remain (at which point the Purchase Price shall have been met in full).

Appears in 1 contract

Samples: smartinvestor.sorted.org.nz

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Issues of Shares. In the event that, on the Completion Date, there are Shares that have not been sold pursuant to the Offer (‘Unsold Shares’), the Purchase Price shall be satisfied as follows: a an amount equal to the number of Shares that have been issued pursuant to the Offer multiplied by $209,000 259,000 shall be paid by the Buyer to the Seller on the Completion Date; and b upon the issue of each of the remaining Unsold Shares, further amounts of $209,000 259,000 shall be paid to the Seller (via the Buyer) within 5 Working Days of each issue by the eventual buyer of the Unsold Shares until such time as a total of 6 Shares have been issued and allotted and no Unsold Shares remain (at which point the Purchase Price shall have been met in full).

Appears in 1 contract

Samples: smartinvestor.sorted.org.nz

Issues of Shares. In the event that, on the Completion Date, there are Shares that have not been sold pursuant to the Offer (‘Unsold Shares’), the Purchase Price shall be satisfied as follows: a an amount equal to the number of Shares that have been issued pursuant to the Offer multiplied by $209,000 389,000 shall be paid by the Buyer to the Seller on the Completion Date; and b upon the issue of each of the remaining Unsold Shares, further amounts of $209,000 389,000 shall be paid to the Seller (via the Buyer) within 5 Working Days of each issue by the eventual buyer of the Unsold Shares until such time as a total of 6 Shares have been issued and allotted and no Unsold Shares remain (at which point the Purchase Price shall have been met in full).

Appears in 1 contract

Samples: smartinvestor.sorted.org.nz

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