Bearer Shares definition

Bearer Shares means shares that may be transferred by delivery of the warrant or certificate relating thereto;

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Bearer Shares. Any entity that has issued or has the ability to issue negotiable instruments that accord ownership in a legal person to the person who possesses the physical bearer share certificate.

Bearer Shares means shares issued by a company which assigns ownership to whomever has possession of the non- immobilized physical share certificates.

Examples of Bearer Shares in a sentence

• You agree to tell us immediately if your company, or any such shareholder in your company, has issued Bearer Shares, or converted any shares to Bearer Shares.

• If you, or a shareholder owning or entitled to any of your issued share capital (whether direct or indirect, legal or beneficial) is a company incorporated in a country that permits the issuance of Bearer Shares, we may request further information and/or assurances from you in order to determine whether we will be in a position to maintain your accounts.

• The Bank will not accept Bearer Shares as an instrument in transacting business.

• The Borrowers agree to immediately inform the Lenders if the Borrowers or any of their shareholders issue Bearer Shares, prior to such issuance.

• Bearer Share Company means a type of company which, unlike registered share companies, issues its securities as Bearer Shares.

More Definitions of Bearer Shares

Bearer Shares means shares issued by a company which assigns ownership to whomever has possession of the physical share certificates. You are solely responsible for understanding and complying with your tax and other filing obligations with respect to your U.S. and non-U.S. accounts in all countries in which those obligations may arise. You should consult a tax adviser for more information. You acknowledge and agree that, in order to comply with United States tax laws, the Bank may (i) disclose information about you and your account (including transactional information) to the United States Internal Revenue Service ("IRS"); (ii) request certain documentation (including IRS Forms W-8 or W-9) and additional information from you with respect to your account; (iii) withhold U.S. tax from your account or from payments made to you or your account; and (iv) close your account if you have not provided requested documentation or information.

Bearer Shares means securities that are not registered on the books of the issuing corporation and thus payable to any possessor of the shares.

Bearer Shares means negotiable instruments that accord ownership in a legal person to the person who possesses the bearer share certificate;

Bearer Shares means negotiatble instruetns attributing owership of a legal person to a person holding a non-registered certificate of the same;

Bearer Shares means unlisted or unregistered share ownership which can be transferred by the physical delivery of the share certificate without any other action. Use of bearer shares allows ownership of a corporation to be conveyed by simply transferring physical possession of share certificates.

Bearer Shares means shares which are owned by and give all their rights to the holder (the “bearer”), but the ownership of the shares is not recorded on the company’s books;

Bearer Shares has the meaning assigned to such term in Section 11.29.