Transfer of Initial Shares Sample Clauses

Transfer of Initial Shares. Seller hereby agrees to transfer immediately following the effectiveness of the Registration Statement (as defined in Section 4) the aggregated amount of 23,000 Ordinary Shares to the Buyers (collectively, the “Initial Shares”) as listed on the Schedule I attached hereto. The Buyers have agreed to pay the Seller an aggregate amount of approximately 400.00 , (the “Purchase Price”), in consideration of the transfer of the Initial Shares.
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Transfer of Initial Shares. Subject to the satisfaction of conditions set forth under Section 7.2 of the Merger Agreement, upon the Closing, or in the event the Merger Agreement is terminated, upon the consummation of any other business combination (as defined in the Company’s Organizational Documents) (the “Business Combination”), (i) the Transferor shall transfer, assign and convey to the Transferee, the Transferee shall receive, and the Company shall cause Continental to record the transfer and delivery to the Transferee of, the Initial Shares free and clear of all Encumbrances (as defined below) and (ii) the Company shall (and shall cause Continental to) record such transfers in its books and records.
Sample 1
Transfer of Initial Shares. Subject to the satisfaction of conditions set forth under Section 7.2 of the Merger Agreement, upon the Closing, or in the event the Merger Agreement is terminated, upon the consummation of any other business combination (as defined in the Company’s Organizational Documents) (the “Business Combination”), (i) the Transferor shall transfer, assign and convey to the Transferee, the Transferee shall receive, and the Company shall cause Continental to record the transfer and delivery to the Transferee of, the Initial Shares free and clear of all Encumbrances (as defined below) and (ii) the Company shall (and shall cause Continental to) record such transfers in its books and records.
Sample 1
Transfer of Initial Shares. Seller hereby agrees to transfer immediately as of the date hereof 10,000 Ordinary Shares to the Buyer (the “Initial Shares”), and the Buyer have agreed to pay the Seller $145.00 (the “Purchase Price”), in consideration of the transfer of the Initial Shares.
Sample 1

Related to Transfer of Initial Shares

  • Transfer of Interests The Member may sell, assign, pledge, encumber, dispose of or otherwise transfer all or any part of the economic or other rights that comprise its Interest. The transferee shall have the right to be substituted for the Member under this Agreement for the transferor if so determined by the Member. No Member may withdraw or resign as Member except as a result of a transfer pursuant to this Section 7 in which the transferee is substituted for the Member. None of the events described in Section 18-304 of the Act shall cause the Member to cease to be a Member of the Company.

  • Transfer of Shares Shares shall be transferable on the records of the Trust only by the record holder thereof or by its agent thereto duly authorized in writing, upon delivery to the Trustees or a transfer agent of the Trust of a duly executed instrument of transfer, together with such evidence of the genuineness of each such execution and authorization and of other matters as may reasonably be required. Upon such delivery the transfer shall be recorded on the applicable register of the Trust. Until such record is made, the Shareholder of record shall be deemed to be the holder of such Shares for all purposes hereof and neither the Trustees nor any transfer agent or registrar nor any officer, employee or agent of the Trust shall be affected by any notice of the proposed transfer. Any person becoming entitled to any Shares in consequence of the death, bankruptcy, or incompetence of any Shareholder, or otherwise by operation of law, shall be recorded on the applicable register of Shares as the holder of such Shares upon production of the proper evidence thereof to the Trustees or a transfer agent of the Trust, but until such record is made, the Shareholder of record shall be deemed to be the holder of such for all purposes hereof, and neither the Trustees nor any transfer agent or registrar nor any officer or agent of the Trust shall be affected by any notice of such death, bankruptcy or incompetence, or other operation of law.

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