Borrowed Shares definition

Borrowed Shares means, as of any date, the number of Shares borrowed by UBS in connection with this Transaction, as determined by the Calculation Agent.

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Borrowed Shares means the up to 14,250,000 Class A ordinary shares available for loan by the Lender to the Borrower in accordance with the terms of the Stock Borrowing Agreement.

Borrowed Shares means, in respect of a Capital Call, those shares described in the Share Lending Details comprising 'eligible securities' within the meaning of section 26BC(1) of the Tax Act and which are the subject of a loan in accordance with this deed. The expression includes the certificates or other documents of title (if any) in respect of the foregoing.

Examples of Borrowed Shares in a sentence

The Representatives hereby advise the Company that the Underwriters intend to offer for sale to the public, as described in the Prospectus, their respective portions of the Shares as soon after this Agreement has been executed as the Representatives, in their sole judgment, have determined is advisable and practicable and that the Underwriters intend to first allocate the Borrowed Shares to purchasers in the public offering.
This Agreement has been duly authorized, executed and delivered by such Forward Seller and, at the Closing Date and at each Date of Delivery, such Forward Seller will have full right, power and authority to sell, transfer and deliver the Borrowed Shares.
The borrowing of the Borrowed Shares shall be registered as share lending in the VPS.
Borrower may return the Borrowed Shares to the Lending Stockholder, in whole or in part, at any time or from time to time, without penalty or premium.
Interest is payable if, as and when Borrowed Shares are returned to Lending Stockholder, in cash or at Borrower’s sole election in freely tradable shares of common stock of the Company.
Redelivery of Borrowed Shares to BW Group shall be in the form of new common shares to be issued by the Company in a number equal to the number of Borrowed Shares (the “New Shares”).
The Parties agree that transfer and delivery of the Borrowed Shares from the Lender to the Company shall be deemed to be a loan of the Borrowed Shares, and shall not be, or be construed as, a sale and purchase of the Borrowed Shares.
Delivery and redelivery of the Borrowed Shares shall take place in accordance with Clause 3 below.
The Lender undertakes to lend to the Company the Borrowed Shares.
The Lender shall transfer the Borrowed Shares to such VPS account as instructed by the Company on the date of this Agreement.

More Definitions of Borrowed Shares

Borrowed Shares means, as of any date, the number of shares of Common Stock constituting Seller's theoretical short position in connection with the Transaction, as reasonably determined in good faith by the Calculation Agent.

Borrowed Shares means the 104,000,000 Shares available for loan by the Lender to the Borrower in accordance with the terms of the Stock Borrowing Agreement.

Borrowed Shares and “Placing Shares” shall have the meanings given to them in the Stock Borrow Agreement and the Placement Agreement, respectively;

Borrowed Shares means the up to 25,722,000 Shares available for loan by the Lender to the Borrower in accordance with the terms of the Stock Borrowing Agreement. “Commission” means the United States Securities and Exchange Commission.