APL Shares definition

APL Shares means all those issued and allotted shares of APL by APL to CDK's subsidiary CDKNet, LLC being 4,890 shares of par value US$ 0.01 each in the capital of APL and constituting approximately [4.89%] of the issued share capital of APL as at the date of such allotment of such shares and one of such shares shall be known as "APL Share".
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APL Shares and "Coyote Shares" shall include any Common Shares now owned or hereinafter acquired by APL or Coyote, respectively, any securities that may be issued by the Company to APL or Coyote, respectively, as a result of any stock dividend, stock split or other distribution, recapitalization, reclassification, reorganization or the like, and any warrants or options to acquire Common Shares or securities convertible into Common Shares now owned or hereafter acquired by APL or Coyote, respectively; and the term "Shares" shall include the Coyote Shares and the APL Shares;
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Examples of APL Shares in a sentence

  • Such Seller is the sole indirect owner of the APL Shares set forth with respect to such Seller on Schedule 4(e).

  • Nautilus desires to purchase all of the APL Shares (and, therefore, indirectly the Vessel Owning Subsidiaries, ▇▇▇▇ Offshore, the Vessels and the Additional Vessels, if any, together with all related time charters and other contracts), and Sellers have agreed to sell the same to Nautilus, upon and subject to the terms and conditions contained in this Agreement.

  • Nautilus has the requisite corporate power and authority to enter into and perform this Agreement and each Transaction Document and to purchase the APL Shares being sold to it hereunder.

  • Except for the Shareholders Agreement (which shall be terminated on or before the Closing), there are no outstanding agreements or preemptive or similar rights affecting the APL Shares.

  • Except as set forth on Schedule 5(c), there are no options, warrants or rights to subscribe to, securities, rights, understandings or obligations convertible into or exchangeable for or giving any right to subscribe for any APL Shares or other equity interest of APL or any of the Subsidiaries.

  • At the closing of the Significant Transfer, Coyote shall remit to APL the total sales price (net of APL's pro rata portion of --- ---- reasonable related expenses as specified above) of the APL Shares sold or otherwise disposed of pursuant thereto.

  • Following the acquisition of the APL Shares, APL and its Subsidiaries (as defined below) shall be wholly-owned subsidiaries of Nautilus and Nautilus will therefore indirectly own all of APL’s assets and its business.

  • The APL Shares held by such Seller are owned beneficially by the applicable Seller and are validly issued and outstanding, fully paid for and non-assessable with no personal liability attaching to the ownership thereof.

  • Such Seller has the power and authority to execute, deliver and perform such Seller’s obligations under this Agreement and to sell, assign, transfer and deliver its APL Shares as contemplated hereby.

  • Such Seller owns its APL Shares free and clear of all liens, charges, security interests, encumbrances, claims of others, options, warrants, purchase rights, contracts, commitments, equities or other claims or demands of any kind (collectively, “Liens”), and upon transfer of the APL Shares, Nautilus will acquire good, valid and marketable title thereto, constituting all of the APL Shares held by such Seller in the aggregate, free and clear of all Liens.