Common use of Loans Of Shares; Transfers of Loaned Shares Clause in Contracts

Loans Of Shares; Transfers of Loaned Shares. (a) Subject to the terms and conditions of this Agreement, Lender hereby agrees to make available for borrowing by Borrower on the date hereof shares of Common Stock up to, in the aggregate, the Maximum Number of Shares. (b) Subject to the terms and conditions of this Agreement, Borrower may, by written notices to Lender, each substantially in the form of Annex A hereto (a "Borrowing Notice"), initiate one or more transactions in which Lender will lend Loaned Shares to Borrower upon the terms, and subject to the conditions, set forth in this Agreement (together, the "Loan", or as context requires, "Loans", "a Loan" or "any Loan"). Such Loans shall be confirmed through the book-entry settlement system of the Clearing Organization. The records maintained by the Clearing Organization shall constitute conclusive evidence with respect to such Loans, including the number of shares of Common Stock that are the subject of such Loans.

Appears in 3 contracts

Samples: Share Lending Agreement (Ship Finance International LTD), Share Lending Agreement (Ship Finance International LTD), Share Lending Agreement (Ship Finance International LTD)

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Loans Of Shares; Transfers of Loaned Shares. (a) Subject to the terms and conditions of this Agreement, Lender hereby agrees to make available for borrowing by Borrower on the date hereof shares of Common Stock up to, in the aggregate, the Maximum Number of Shares. (b) Subject to the terms and conditions of this Agreement, Borrower may, by written notices to Lender, each substantially in the form of Annex A hereto (a "Borrowing Notice"), initiate one or more transactions in which Lender will lend Loaned Shares to Borrower upon the terms, and subject to the conditions, set forth in this Agreement (together, the "Loan", or as context requires, "Loans", "a Loan" or "any Loan"). Such Loans shall be confirmed through the book-entry settlement system of the Clearing Organization. The records maintained by the Clearing Organization shall constitute conclusive evidence with respect to such Loans, including the number of shares of Common Stock that are the subject of such Loans.

Appears in 1 contract

Samples: Share Lending Agreement (Opko Health, Inc.)

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Loans Of Shares; Transfers of Loaned Shares. (a) Subject to the terms and conditions of this Agreement, Lender Lxxxxx hereby agrees to make available for borrowing by Borrower on the date hereof shares of Common Stock up to, in the aggregate, the Maximum Number of Shares. (b) Subject to the terms and conditions of this Agreement, Borrower may, by written notices to Lender, each substantially in the form of Annex A hereto (a "Borrowing Notice"), initiate one or more transactions in which Lender will lend Loaned Shares to Borrower upon the terms, and subject to the conditions, set forth in this Agreement (together, the "Loan", or as context requires, "Loans", "a Loan" or "any Loan"). Such Loans shall be confirmed through the book-entry settlement system of the Clearing Organization. The records maintained by the Clearing Organization shall constitute conclusive evidence with respect to such Loans, including the number of shares of Common Stock that are the subject of such Loans.

Appears in 1 contract

Samples: Share Lending Agreement (Tilray Brands, Inc.)

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