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Share Cancellations Sample Clauses

Share Cancellations. In addition to Section 6.2(a) hereof, once distributions have been made on a Share sold during a Series’ Initial Offering Period equal in total to the Initial Purchase Price, then at all times thereafter Shares held by any Shareholder whom the Trust determines has died shall be automatically called and cancelled for no value, and all rights of that Shareholder, including rights to any distributions made by the Trust, shall terminate.
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Share Cancellations. [Reserved]
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Share Cancellations. In addition to Section 6.3(a) hereof, upon the Trust’s determination that a Feeder Fund shareholder has died at a time when the Common Redemption Price is equal to or less than $0, for each Feeder Fund share held by such shareholder, a number of Common Shares held by such Feeder Fund equal to the Underlying Common Shares shall be automatically called and cancelled for no value. Upon the Trust’s determination that a Feeder Fund shareholder has died at a time when the Preferred Redemption Price is equal to or less than $0, for each Feeder Fund share held by such shareholder, a number of Preferred Shares held by such Feeder Fund equal to the Underlying Preferred Shares shall be automatically called and cancelled for no value. In addition, upon the Trust’s determination that a Feeder Fund has repurchased shares from one of its shareholders in a tender offer at a time when the tender offer price paid to such Feeder Fund shareholder was $0, for each Feeder Fund share tendered by such shareholder and repurchased by such Feeder Fund, a number of Preferred Shares held by such Feeder Fund equal to the Underlying Preferred Shares and a number of Common Shares equal to the Underlying Common Shares shall, in each case, be automatically called and cancelled for no value. Upon the cancellation of Shares pursuant to this Section 6.3(c), all rights of a Feeder Fund with respect to such cancelled Shares, including rights to any distributions made by the Trust or a Series, shall terminate.
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Share Cancellations. Mordechay David and Shamir Benita will each cancel 39,000,000 xxxxxx of thx Xxxxxxx'x xxmmon stock held in their name simultaneously with the Closing.
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Share Cancellations. Prior to the Closing, an aggregate of 41,798,793 shares of Pubco Common Stock shall have been surrendered for cancellation (the “Shares Cancellation”).
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Related to Share Cancellations

  • ORDER CANCELLATION Users of this contract are advised that orders (all or part) cancelled or returned after acceptance of requested merchandise will be subject to a restocking fee of ten percent (10%) of the invoice amount (not to exceed $500.00 per order) plus return freight charges. The amount authorized for payment of return freight will, in no instance, be more than original delivery charges documented by carrier. These charges may be applied, at the option of the supplier, to those orders which have been accepted. Orders cancelled prior to shipment or acceptance by ordering entity from the manufacturer will not be assessed charges.

  • Purchase for Cancellation Subject to applicable law, meeting the solvency requirements under Bermuda law and to the provisions described in Section 6, the Partnership may at any time purchase for cancellation the whole or any part of the Series 7 Preferred Limited Partnership Units Outstanding from time to time, in the open market through or from an investment dealer or any firm holding membership on a recognized stock exchange, or by private agreement or otherwise, at the lowest price or prices at which, in the opinion of the General Partner, such units are obtainable.

  • RIGHTS ON CANCELLATION 21.1 If this Agreement or Purchase Order is cancelled in whole or in part in terms of clause 20 [Total or Partial Failure to Perform], Transnet may execute or complete this Agreement with any other entity and do so on such terms as it may deem proper, or may procure other comparable Goods/Services in substitution for those neglected to be manufactured or supplied or rejected as aforesaid, and may recover from the Supplier the difference between the cost of such Goods/Services and the Price [if the latter was lower] as well as any costs and expenses [including any additional transport costs] which Transnet may have had to incur in consequence of the Supplier’s/Service Provider’s default. 21.2 Any amount which may be recoverable from the Supplier/Service Provider in terms of clause 21.1 above, without prejudice to any other legal remedies available to Transnet, may be deducted in whole or in part from any monies in the hands of Transnet and due for payment to the Supplier/Service Provider.

  • Cancellation of Options In exchange for the consideration described in Section 1.2 below, the Participant hereby agrees that the Award Agreement and the Participant’s interests in the Underwater Options shall be cancelled, terminated, and of no further force or effect, effective as of the Effective Date, and that neither the Company nor the Participant shall have any further rights or obligations with respect to the Award Agreement, the Underwater Options, or with respect to which any shares of Common Stock that could have been acquired upon vesting and exercise of the Underwater Options.

  • No Cancellation No Required Insurance policy may be canceled by either Party during the required insured period under this Agreement, except after thirty days’ prior written notice to the City by certified mail, return receipt requested. Prior to the effective date of any such cancellation Consultant must procure and put into effect equivalent coverage(s).

  • Debt Cancellation Borrower shall not cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to Borrower by any Person, except for adequate consideration and in the ordinary course of Borrower’s business.

  • Policy Cancellation Except for ten days notice for non-payment of premium, each insurance policy shall be endorsed to state that; without thirty (30) days prior written notice to the City, the policy shall not be canceled, non-renewed or coverage and/or limits reduced or materially altered, and shall provide that notices required by this paragraph shall be sent by certified mail to the address shown below.

  • Cancellation of Treasury Shares Each share of Company Common Stock held in the Company treasury and each share of Company Common Stock, if any, owned by any wholly-owned subsidiary of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

  • Cancellations Verizon may cancel orders for service which have had no activity within thirty-one

  • Contract Cancellation By written notice and without a cure period, Buyer may cancel the whole Contract, or any part of this Contract, in the event of the suspension of Seller’s business, insolvency of Seller, institution of bankruptcy, liquidation proceedings by or against Seller, appointment of a trustee or receiver for Seller’s property or business, any assignment, reorganization, or arrangement by Seller for the benefit of creditors, or the debarment or suspension of Seller by any Government agency. Xxxxx’s remedies in the event of a cancellation of the Contract pursuant to this ¶ 18 shall be the same as set forth in ¶ 19, TERMINATION FOR DEFAULT.

Most Referenced Clauses

Most Referenced Definitions