Examples of Company Special Shares in a sentence
Other than the Company Special Shares, there are no outstanding contractual obligations of any Subsidiary of the Company to repurchase, redeem or otherwise acquire any of its capital stock or other equity interests, except, in each case, to or with the Company or any other Subsidiary of the Company.
If only a part of the Company Special Shares represented by any certificate or certificates delivered to the Trustee are to be purchased by Abgenix under the Cash Put Right, a new certificate for the balance of such Company Special Shares shall be issued to the holder at the expense of Abgenix.
Nothing herein shall affect the rights of the Company to redeem (or Abgenix Canada to purchase pursuant to the Redemption Call Right) Company Special Shares, as applicable, in the event of an Abgenix Control Transaction.
During the term of this Agreement, Abgenix will not, without the consent of the holders at the relevant time of Company Special Shares, given in accordance with Section 10(2) of the Share Provisions, issue any additional Abgenix Special Voting Shares.
Abgenix hereby grants to Trustee as trustee for and on behalf of, and for the use and benefit of, the Beneficiaries the right (the "Exchange Right"), upon the occurrence and during the continuance of an Insolvency Event, to require Abgenix to purchase from each and every Beneficiary all of the Company Special Shares held by such Beneficiary, the Automatic Exchange Rights on Liquidation and the Cash Put Right, all in accordance with the provisions of this Agreement.
On or before such closing date, Abgenix shall, upon the execution of such documentation and such procedures reasonably requested by Abgenix to effectuate the transfer of the subject Company Special Shares to Abgenix, deliver to Trustee in immediately available funds the relevant purchase price for the Company Special Shares being put to Abgenix.
None of the Company, Abgenix or Abgenix Canada shall be liable to any person in respect of any Company Special Shares (or dividends, distributions and interest in respect thereof) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.
In the event of a transfer of ownership of Company Securities that is not registered in the transfer records of the Company, a certificate representing the proper number of Company Special Shares may be issued to the transferee if the certificate representing such Company Securities is presented to the Company, accompanied by all documents required to evidence and effect such transfer.
Concurrently with such Beneficiary ceasing to be a holder of Company Special Shares, the Beneficiary shall be considered and deemed for all purposes to be the holder of the Abgenix Common Shares delivered to it pursuant to the Exchange Right.
The Company will cause each certificate representing Company Special Shares to bear an appropriate legend notifying the Beneficiaries of their right to instruct the Trustee with respect to the exercise of the Voting Rights in respect of the Abgenix Special Voting Shares of the Beneficiaries.