Examples of Armadillo Shares in a sentence
The Company accepts and agrees that Pearl Corporate Finance Limited (“Pearl”) is acting for the Subscriber in relation to this Agreement, and that it has not made any recommendation to the Company, in relation to this Agreement and is not advising the Company, with regard to the suitability or merits of the Armadillo Shares.
In the event that the Company is unable to sell the Armadillo Shares within ten (10) days of the Closing in the manner described in the previous sentence, the Company shall return the certificate for the Armadillo Shares to Purchaser, and the Escrow Agent shall return the Closing Stock Certificate to the Company.
Promptly after the Company sells the Armadillo Shares and receives a purchase price for the Armadillo Shares of not less than forty percent (40%) for each Armadillo Share, less brokerage commissions, the Company shall issue to Purchaser a certificate representing the Shares that bears only paragraph (1) above as a legend, in exchange for and simultaneously with receipt of the Closing Stock Certificate.
Promptly after the Company sells the Armadillo Shares and receives a purchase price for the Armadillo Shares of not less than fifty percent (50%) of £1.00 for each Armadillo Share, less brokerage commissions, the Company shall issue to the Escrow Agent a certificate representing the Shares that bears only paragraph (1) above as a legend (the “Final Stock Certificate”), in exchange for the Closing Stock Certificate in the manner provided in the Escrow Agreement.
In the event that the Company is unable to sell the Armadillo Shares within five (5) days of the Closing in the manner described in the previous sentence, the Company shall return the certificate for the Armadillo Shares to Purchaser, and Purchaser shall return the Closing Stock Certificate to the Company.
Collateral: such number of Armadillo Shares as will at all times constitute at least 51% of the outstanding Armadillo Shares.