UNDIVIDED SHARE Sample Clauses

The "Undivided Share" clause defines the ownership interest of a party in a property or asset as a fractional share that is not physically separated from the whole. In practice, this means that each co-owner holds a percentage of the entire property, rather than a specific, delineated portion; for example, two parties might each own a 50% undivided share in a parcel of land, granting both equal rights to use and benefit from the entire property. This clause is essential for clarifying the nature of co-ownership, preventing disputes over physical division, and ensuring that all parties understand their rights and obligations regarding the shared asset.
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UNDIVIDED SHARE in relation to a flat shall mean the proportionate variable undivided indivisible and impartible share or interest in the land comprised in the Premises which is attributable to the flat concerned;
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UNDIVIDED SHARE. In relation to a Unit/Flat shall mean the undivided proportionate indivisible impartiable variable share in land comprised in the said premises, which is attributable to the Unit/Flat concerned.
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UNDIVIDED SHARE. The undivided proportionate share or interest in the land of the said premises attributable to the said flat and the said car parking space.
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UNDIVIDED SHARE. The Owner and the Promoter have informed the Allottee/s and the Allottee/s is/are fully aware that the undivided share agreed to be sold in Schedule 'A' Property hereunder is proportionate to the size of the Schedule 'C' Apartment to be constructed on the Schedule 'A' Property.
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UNDIVIDED SHARE. In relation to a Unit/Flat shall mean the undivided
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UNDIVIDED SHARE attributable to the said apartment/unit shall mean the undivided proportionate impartible variable share restricted only in an area of land in the said Premises where the said apartment/unit has been built up in an area of the said premises.
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UNDIVIDED SHARE. Undivided share shall mean and include the ownership of the undivided share or interest, impediment, right and interest in the land comprised in the said property upon which the multi-storeyed building is forming a part of the First schedule property.
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UNDIVIDED SHARE in relation to a Flat or a Commercial Space shall mean the proportionate variable, undivided, indivisible and impartible share or interest in the land comprised in the Premises which is attributable to the concerned Flat or Commercial Space;
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Related to UNDIVIDED SHARE

  • per Share The Fund is advised that the Underwriters intend (i) to make a public offering of their respective portions of the Firm Shares as soon after the effective date of the Registration Statement as is advisable and (ii) initially to offer the Firm Shares upon the terms set forth in the Prospectus. The Underwriters may from time to time increase or decrease the public offering price after the initial public offering to such extent as they may determine. In addition, the Fund hereby grants to the several Underwriters the option to purchase, and upon the basis of the warranties and representations and subject to the terms and conditions herein set forth, the Underwriters shall have the right to purchase, severally and not jointly, from the Fund, ratably in accordance with the number of Firm Shares to be purchased by each of them, all or a portion of the Additional Shares as may be necessary to cover over-allotments made in connection with the offering of the Firm Shares, at the same purchase price per Share to be paid by the Underwriters to the Fund for the Firm Shares. This option may be exercised by the Representatives on behalf of the several Underwriters at any time and from time to time on or before the forty-fifth day following the date hereof, by written notice to the Fund. Such notice shall set forth the aggregate number of Additional Shares as to which the option is being exercised, and the date and time when the Additional Shares are to be delivered (such date and time being herein referred to as the "Additional Time of Purchase"); provided, however, that the Additional Time of Purchase shall not be earlier than the Time of Purchase (as defined below) nor earlier than the second business day after the date on which the option shall have been exercised. The number of Additional Shares to be sold to each Underwriter shall be the number which bears the same proportion to the aggregate number of Additional Shares being purchased as the number of Firm Shares set forth opposite the name of such Underwriter on Schedule A hereto bears to the total number of Firm Shares (subject, in each case, to such adjustment as the Representatives may determine to eliminate fractional shares).

  • Share In the case of Delivery to it of ADSs representing a number other than a whole number of Shares, the Depositary shall cause ownership of the appropriate whole number of Shares to be Delivered in accordance with the terms hereof, and shall, at the discretion of the Depositary, either (i) return to the person surrendering such ADSs the number of ADSs representing any remaining fractional Share, or (ii) sell or cause to be sold the fractional Share represented by the ADSs so surrendered and remit the proceeds of such sale (net of (a) applicable fees and charges of, and expenses incurred by, the Depositary and (b) taxes withheld) to the person surrendering the ADSs. Notwithstanding anything else contained in this ADR or the Deposit Agreement, the Depositary may make delivery at the Principal Office of the Depositary of (i) any cash dividends or cash distributions, or (ii) any proceeds from the sale of any distributions of shares or rights, which are at the time held by the Depositary in respect of the Deposited Securities represented by the ADSs surrendered for cancellation and withdrawal. At the request, risk and expense of any Holder so surrendering ADSs represented by this ADR, and for the account of such Holder, the Depositary shall direct the Custodian to forward (to the extent permitted by law) any cash or other property (other than securities) held by the Custodian in respect of the Deposited Securities represented by such ADSs to the Depositary for delivery at the Principal Office of the Depositary. Such direction shall be given by letter or, at the request, risk and expense of such Holder, by cable, telex or facsimile transmission.

  • Percentage in Lieu The eight and one-half percent (8.5%) premium is given in lieu of benefits under Articles 12 (except 12.04), 14, and 17.

  • Pro Rata Share A Participation Rights Holder’s “Pro Rata Share” for purposes of the Right of Participation is the ratio of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) then outstanding immediately prior to the issuance of New Securities giving rise to the Right of Participation.

  • No Fractional Share No fractional Share shall be issuable upon exercise of this Warrant and the number of Shares to be issued shall be rounded down to the nearest whole Share. If a fractional Share interest arises upon any exercise of the Warrant, the Company shall eliminate such fractional Share interest by paying Holder in cash the amount computed by multiplying the fractional interest by (i) the fair market value (as determined in accordance with Section 1.3 above) of a full Share, less (ii) the then-effective Warrant Price.