Affected Shares definition

Affected Shares means all common and preferred shares issued by the Company held by the Parties, as shown in the above chart, and shall include all shares of any class or type that are subscribed, allocated or acquired for any reason by the Parties during the term of effectiveness of this Agreement, be it by means of acquisition, share splits, bonus distribution, dividend distribution with payment in shares, capitalization of profits or other reserves, conversion of shares, or arising out of incorporations, mergers or spin-offs or any other corporate reorganization operations. The definition of Affected Shares also comprises all the rights derived from holding the Affected Shares, such as subscription rights in capital increases, purchase of securities convertible into shares or subscription bonus;

Affected Shares means all common shares issued by the Company that are currently held by the Shareholders, as shown in the table of the WHEREAS I item above, as well as those shares that irrespective of their class or type might be acquired by the Shareholders for any reason, even by means of capital reduction, share redemption, new share subscription, exercise of purchase and/or sale option of shares or of preemptive rights, conversion of debentures or other security, share split, issue of subscription bonus, mergers, spin-offs, incorporations, among others;

Affected Shares means shares of Series A Preferred Stock deemed to be “Affected Shares” pursuant to Section 6(a) or Section 7(a), as applicable.

Examples of Affected Shares in a sentence

• A Shareholder shall not be entitled to participate and vote in any General Meeting or to be counted among those present, so long as (i) he owes the Company a payment which was called for the Shares held by him, unless the allotment conditions of the Shares provide otherwise, and/or (ii) his holdings are registered in the Shareholder Register together with a notation that such holdings have been classified as Exceptional Holdings, as defined in Article 10A or Affected Shares, as defined in Article 44.

• The Strike Price of the New Share on the Substitution Date (SPNS) will be determined taking into account the proportional increase or decrease in the Affected Share/s price in the period between the moment on which the Strike Price was determined and the Exchange Business Day immediately prior to the Substitution Date.

• Prior to selling such Affected Shares the Company shall consult with the Depositary.

• This registry constitutes an impediment to the performance of any acts which violate the terms of this Temporary Voting Agreement, and Oi and CorpCo are, consequently, legitimately authorized not to record such acts in this case and, thus, to refuse to transfer the ownership or any rights over the Affected Shares covered by this Temporary Voting Agreement, unless it is towards performing the Restructuring of Telemar Participações.

• The Board shall notify the Depositary forthwith upon the sale of any Affected Shares by it and shall request the Kiwi Shareholder to make such a notification upon the sale of any Affected Shares by the Kiwi Shareholder (a "Sale Notification") and upon the settlement of such sale shall send to the Depositary the cash proceeds of any such sale, net of the expenses of such sale and transmittal.

More Definitions of Affected Shares

Affected Shares means all the Common Shares owned by the Parties on the date of execution of this Shareholders’ Agreement and bound to the Shareholders’ Agreement, as provided for in the chart contained in item 3.1 of this Shareholders’ Agreement, as well as any other Common Shares that may be owned by the Parties, for any reason whatsoever, including, without limitation, those resulting from splits, bonuses, mergers, reverse splits, incorporations, subscriptions, acquisitions, exercise of options, or that, in any other way, are assigned to the Parties on account of the ownership of the Affected Shares.

Affected Shares means any Shares in respect of which the Board has determined under clause 13, in its discretion, that a person has a Relevant Interest in contravention of clause 5;

Affected Shares means all common shares issued by the Company and owned by the Shareholders, as set out in the table included in “Whereas IV” above, as well as the shares and securities convertible into shares of any class or kind that may be acquired by the Shareholders in any way, including by reduction in capital, redemption of shares, subscription of new shares, exercise of call option and/or put option or preemptive right, conversion into debentures, split of shares, issuance of warrant, consolidation, spin-off, merger, among other transactions, which are subject to and bound by this LF Shareholders Agreement;

Affected Shares means the number of shares specified in a Direction Notice (as defined below) as being Affected Shares;

Affected Shares means all Affected Common Shares and Affected Class A Preferred Shares.

Affected Shares means Shares affected by a Merger Event or a Tender Offer, as the case may be.

Affected Shares means any Participating Shares held by an Ineligible Applicant.