Examples of Allotted Shares in a sentence
The number of Allotted Shares may be increased or decreased at the sole discretion of the Company upon three (3) days written notice to Broker-Dealer.
The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.(b)Grants Exceeding Allotted Shares.
The Subject Directors may not transfer, grant security interests in, or otherwise dispose of the Allotted Shares (the “Transfer Restriction”) during the period from the date of delivery of the Allotted Shares to the date on which the relevant Subject Director retires or resigns from his/her position as a Director of the Company or other position determined by the Company’s Board of Directors (the “Transfer Restriction Period”).
In exchange for cession and transfer of the Target Shares by Sibanye, DRD shall, on the DRD Delivery Date, allot and issue (credited as fully paid-up) the Allotted Shares to Sibanye and ownership of, and all risk in and benefit attaching to, the Allotted Shares shall be deemed to have passed to Sibanye.
In case the Holder explicitly indicates in its Notice of Subscription the form in which it wants the Allotted Shares to be delivered, the Company will deliver the Allotted Shares in the form so requested to the extent legally and practically possible.
Holders will have to bear any costs, taxes, stamp duties and any other charges (including but not limited to income taxes, capital gains taxes and stock exchange taxes) in connection with the grant, exercise or transfer of the Warrants or Allotted Shares.
At the option of the Company, and to the extent legally and practically possible, the Allotted Shares shall be delivered by the Company as registered shares (recorded in the name of the Holder in the register of registered shares in the Company), or in dematerialised form.
If a Subject Director loses the status described in (i) above before the expiration of the period determined by the Company’s Board of Directors (the “Service Period”), the Company shall automatically acquire all of the Allotted Shares without consideration, unless there is a reason that the Board of Directors deems justifiable.
As long as the Shares are listed on Euronext Brussels, the Company shall file an application for the listing of the Allotted Shares on the regulated market of Euronext Brussels.
Rights to be Allotted Shares Holders of common shares and Model AA Class Shares have no preemptive rights under Toyota’s articles of incorporation.