Bidco Shares definition
Examples of Bidco Shares in a sentence
Fairfax, and if applicable, ACON and ACM, shall procure that such portion of the Preference Shares that they then hold are converted into Bidco Shares to result in Fairfax holding the proportion of Bidco Shares notified to Bidco, ACON and ACM.
The Shareholder covenants not to create any Encumbrance over, transfer or otherwise dispose of or give any person any rights in or over any of its Bidco Shares without the prior written consent of Bidco until the earlier of the execution by, inter alia, the Shareholder and Bidco of a shareholders’ agreement or the date which is four years from the Rollover Date.
The Company shall also ensure that all Bidco Shares are subject to Security under the Bidco Share Pledge until the Bidco Pledge Release Date.
Accordingly, each Party undertakes to take such additional or alternative steps as IHC may reasonably determine are necessary on the basis of professional third party advice to ensure that the transfers of the Teal Shares to Bidco and of Bidco Shares to Holdco and the issuance of Holdco Shares to IHC and Tasheel (and, in each case, the steps related thereto) are carried out in a tax efficient manner, taking into account the legal, economic and tax position of each of IHC, Tasheel, Bidco and Holdco.
Accordingly, each Party undertakes to take such additional or alternative steps as IHC may reasonably determine are necessary on the basis of professional third party advice to ensure that the transfers of the Teal Shares to Bidco and the issuance of Bidco Shares to IHC and Tasheel (and, in each case, the steps related thereto) are carried out in a tax efficient manner, taking into account the legal, economic and tax position of each of IHC, Tasheel and Bidco.