Status of Option Shares Sample Clauses

Status of Option Shares. The Option Shares shall upon issue rank equally in all respects with the other Shares.
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Status of Option Shares. Option Shares purchased pursuant to any exercise of the Option shall, upon delivery to the Option Holder, rank equally in all respects with the other shares of the voting Common Stock, but shall not carry any option or other right to subscribe for additional shares of Common Stock.
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Status of Option Shares. The Option Shares shall upon issue rank equally in all respects with the other ordinary shares of the Company ("Shares").
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Status of Option Shares. The Option Shares will be issued free from all claims, charges, liens and other encumbrances whatsoever and shall rank pari passu in all respects with and carry all rights similar to the existing issued Shares, except that they will not rank for any dividend, right, allotment or other distributions, the record date for which falls on or before the Options Completion Date. For the avoidance of doubt, pending the Exercise of the relevant Options, the Placees shall not be entitled to any rights to any dividends, rights, allotment or any other distributions to be declared, made or paid by the Company (if any) at any time or from time to time during the Options Exercise Period.
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Status of Option Shares. KLM covenants and agrees that all Option Shares held by KLM shall not be registered on the Foreign Stock Registry of NWA Corp. so long as such Option Shares are held by KLM or any of its Affiliates.
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Related to Status of Option Shares

  • Option Shares In addition, on the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Fund hereby grants an option to the Underwriters to purchase up to an additional [ ] shares of Common Stock at the price per share set forth in Schedule B, less an amount per share equal to any dividends or distributions declared by the Fund and payable on the Initial Shares but not payable on the Option Shares. The option hereby granted will expire 45 days after the date hereof and may be exercised in whole or in part from time to time only for the purpose of covering overallotments which may be made in connection with the offering and distribution of the Initial Shares upon notice by the Representative to the Fund setting forth the number of Option Shares as to which the several Underwriters are then exercising the option and the time, date and place of payment and delivery for such Option Shares. Any such time and date of delivery for the Option Shares (a "Date of Delivery") shall be determined by the Representative, but shall not be later than seven full business days after the exercise of said option, nor in any event prior to Closing Time, as hereinafter defined. If the option is exercised as to all or any portion of the Option Shares, each of the Underwriters, acting severally and not jointly, will purchase that proportion of the total number of Option Shares then being purchased which the number of Initial Shares set forth in Schedule A opposite the name of such Underwriter bears to the total number of Initial Shares, subject in each case to such adjustments as the Representative in its discretion shall make to eliminate any sales or purchases of a fractional number of Option Shares plus any additional number of Option Shares which such Underwriter may become obligated to purchase pursuant to the provisions of Section 10 hereof.

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