Examples of Defaulted Shares in a sentence
If the Holder has elected clause (1) to apply, then the Company’s obligation to deliver the Defaulted Shares in accordance with this Note will be deemed to have been satisfied and discharged to the extent the Company has paid the Covering Price in accordance with clause (1).
In making the determination whether to suspend or cancel Defaulted Shares, the Board may take into account unique situations in and arrangements made with individual Shareholders.
Upon the payment of any amount of the capital call by such Shareholder and any interest that may have accrued thereon, the number of Defaulted Shares shall be recalculated and the number of shares that are no longer Defaulted Shares shall no longer be suspended.
Then, • candidates who have exceeded the prescribed programme period for their programme of study will be considered.
If the Company fails to deliver, by the related Conversion Settlement Date, any shares of Common Stock forming part of the Conversion Consideration of the conversion of this Note, the Holder, by notice to the Company, may rescind all or any portion of the corresponding conversion notice at any time until such Defaulted Shares are delivered.