Examples of Alibaba Shares in a sentence
Until the occurrence of the Final Payment Date, each of JMY and JT hereby covenant and agree to, prior to Closing, transfer or cause to be transferred to IPCo legal and beneficial interest in an aggregate of Fifty Million (50,000,000) Alibaba Shares owned directly or indirectly by JMY and JT free and clear of all Liens, which shares shall be mortgaged at Closing by IPCo pursuant to the Legal Mortgage of Alibaba Shares (the “Alibaba Share Pledge”).
The Additional Alibaba Shares and the US Collateral (collectively, the “Pledged Assets”) shall have an aggregate Fair Market Value equal to or greater than the Shortfall Amount (or, in the case of any Substitution, equal to the Fair Market Value of any Pledged Assets being substituted calculated as of the date of such Substitution).
None of the Assets of IPCo are subject to any Liens, other than (a) the Legal Mortgage of Alibaba Shares, (b) the IPCo Asset Charge and (c) inchoate Liens imposed by Law incurred in the ordinary course of business (on Assets other than the Alibaba Shares) not yet due and payable which do not relate to Indebtedness.
As of the Effective Time, IPCo has good and marketable title to the Alibaba Share Collateral free and clear of all Liens other than the Legal Mortgage of Alibaba Shares.
At the Closing, the Purchaser shall deliver to the Seller a copy of an extract from the register of members of Alibaba Group, dated as of the Closing Date and duly certified by the registered agent of Alibaba Group, evidencing the ownership by the Seller of 14,329,896 Alibaba Shares (the “Subject Shares”).
The Borrower’s obligations are secured as set forth in the Legal Mortgage of Alibaba Shares, the Legal Mortgage of IPCo Shares, the IPCo Asset Charge, any Shortfall Security Document and other documents referred to therein.
Following the Offer and the Alibaba Resale, Altaba will retain, directly or indirectly through Altaba HK, a majority of its Alibaba Shares.
Borrowing Using Alibaba Shares (Margin Loan)In July 2020, Skywalk Finance GK, a wholly owned subsidiary of the Company, repaid $9.44 billion in borrowings made using Alibaba shares as part of the debt reductions in the ¥4.5 trillion program.
Stu Woo, Alibaba Shares Enjoy a Strong Start in Hong Kong, WALL ST.
Under the Plan of Dissolution, the Company has completed the liquidation of the Alibaba Shares, sold a patent portfolio owned by one of its subsidiaries, and monetized the Company’s other noncash assets.