Common use of Sale and Voting of Purchased, Redeemed or Otherwise Acquired Shares Clause in Contracts

Sale and Voting of Purchased, Redeemed or Otherwise Acquired Shares. If the Company retains a share redeemed, purchased or otherwise acquired by it, the Company may sell, gift or otherwise dispose of the share, but, while that share is held by the Company, it: (1) is not entitled to vote the share at a meeting of its shareholders; (2) must not pay a dividend in respect of the share; and (3) must not make any other distribution in respect of the share.

Appears in 1 contract

Samples: Business Combination Agreement (Pono Capital Three, Inc.)

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Sale and Voting of Purchased, Redeemed or Otherwise Acquired Shares. If the Company retains a share purchased, redeemed, purchased or otherwise acquired by it, the Company may sell, gift or otherwise dispose of the share, but, while that such share is held by the Company, it: (1a) is not entitled to vote the share at a meeting of its shareholders; (2b) must not pay a dividend in respect of the share; and (3c) must not make any other distribution in respect of the share.

Appears in 1 contract

Samples: Business Combination Agreement (Forbion European Acquisition Corp.)

Sale and Voting of Purchased, Redeemed or Otherwise Acquired Shares. If the Company retains a share redeemed, purchased purchased, or otherwise acquired by it, the Company may may, if authorized by special resolution, sell, gift gift, or otherwise dispose of the share, but, while that such share is held by the Company, it: (1) is not entitled to vote the share at a meeting of its shareholders; (2) must not pay a dividend in respect of the share; and (3) must not make any other distribution in respect of the share.

Appears in 1 contract

Samples: Incorporation Agreement

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Sale and Voting of Purchased, Redeemed or Otherwise Acquired Shares. If the Company Company, retains a share redeemed, purchased or otherwise acquired by it, the Company may sell, gift or otherwise dispose of the share, but, while that such share is held by the Company, it: (1a) is not entitled to vote the share at a meeting of its shareholders; (2b) must not pay a dividend in respect of the share; and (3c) must not make any other distribution in respect of the share.

Appears in 1 contract

Samples: Class a Preferred Share Purchase Agreement (Mechanical Technology Inc)

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