Charged Shares definition

Charged Shares has the meaning assigned thereto in the definition of Charged Property;

Charged Shares means the 1 share of the Company registered in the name of the Chargor as legal and beneficial owner thereof;

Charged Shares means any shares from time to time forming part of the Secured Property.

Examples of Charged Shares in a sentence

• The obligations expressed to be assumed by it in this Charge are legal and valid obligations binding on it in accordance with the terms of this Charge which constitutes a first priority fixed charge over the Charged Shares subject to any general principles of law limiting its obligations which are referred to in any legal opinion delivered pursuant to the Loan Agreement.

• If the Secured Party causes or requires the Charged Shares to be registered in the name of a nominee for the Secured Party, any reference in this Charge to the Secured Party shall, if the context so permits or requires, be construed as a reference to the Secured Party and such nominee.

• All its Charged Shares are duly authorised and validly issued, fully paid and non-assessable and it beneficially owns that percentage of the issued and outstanding shares of the relevant Charged Share Issuer(s) set forth in Schedule 3 (Charged Shares).

• If any sums of money or property so paid or distributed in respect of any Charged Shares shall be received by the Chargor, then the Chargor shall, until such money or property is paid or delivered to the Security Trustee, hold such money or property in trust for the Security Trustee, segregated from other funds of the Chargor, as additional collateral securing the Liabilities.

• Immediately following the occurrence of an Event of Default, the Borrower shall give notice to the Secretary of L-3 U.K. of the appointment of the Administrative Agent as the Borrower's proxy and the Borrower's attorney in accordance with this Section 5.1 and Section 6 in relation to the Charged Shares.

More Definitions of Charged Shares

Charged Shares means the rights, title and interest of whatever nature and from time to time of me/us to, of and in all securities and warrants in respect of which the Loan is advanced.

Charged Shares means the Initial Shares and all and any other shares, warrants and other securities of any kind (including loan capital) of the Company now or at any time in the future beneficially owned by the Chargor or in which the Chargor has any interest and all rights, benefits and advantages now or at any time in the future deriving from or incidental to any of the Charged Shares including;

Charged Shares has the meaning given to it in the Charge over Shares.

Charged Shares means, in relation to a Company, such shares of each Charged Share Issuer which are held by or to the order of such Company at any time and, at the date of this Debenture, as set out in Schedule 3, and in relation to each Additional Company all the shares of each Charged Share Issuer which are held by or to the order of such Additional Company at any time and which are delivered by such Additional Company to the Security Trustee as Secured Property hereunder;

Charged Shares means initially the Initial Shares and any Supplemental Shares (if any);

Charged Shares the shares listed on Schedule 1, together with any other shares, stock certificates, securities convertible into and warrants, options, and other rights to purchase or otherwise acquire, or rights of any nature whatsoever in respect of the share capital of any Person that may be issued or granted to, or held by, the Borrower while this Charge Over Shares is in effect; provided that, in no event shall the Charged Shares include more than 65.0 percent of the issued and outstanding capital shares of L-3 Communications U.K. Ltd. ("L-3 U.K.") (the "U.K. Issuer Share Charge Limitation").

Charged Shares means 686,404 Shares legally and beneficially owned by the Chargor;