Examples of Delta Shares in a sentence
Any such sale by UFG to Delta's purchaser shall discharge Delta's obligation to purchase shares of UFG- Owned Delta Shares as provided in paragraph 6.3(a) hereof.
On the other hand, in the event that BDS issues additional shares (or "Delta Shares") as part of said litigation or settlement thereof, Purchaser shall receive such additional shares of BDS Preferred Stock without any further Purchase Price or consideration as may be necessary to maintain its ownership at eighty percent (80%) of the then outstanding shares of Capital Stock of BDS.
At and as of the Effective Time, (A) each Windsortech Share shall be converted into the right to receive 0.3852 Delta Shares (the ratio of one Windsortech Share to 0.3852 Delta Shares is referred to herein as the "Conversion Ratio").
The representations and warranties contained in Section 9 of this Agreement shall survive until all the UFG-Owned Delta Shares have been sold by the Trustee.
Notwithstanding the foregoing, nothing herein shall be construed as a limitation on the Trustee's rights to sell the UFG-owned Delta Shares under any other subsection of Rule 144.
The obligation of Purchaser to register such shares of Delta Common Stock for reoffer and resale as Registered Delta Shares shall be subject to the terms and provisions of the Registration Rights Agreement, attached to this Agreement as Exhibit F and made a part of this Agreement by reference.
Prior to the transactions described below, all F-star Group entities were deemed not to be under common control, but were deemed to be related parties due to common directorships.Exchange of Delta Shares for FTL Shares (the ‘Delta Share Exchange’)All shareholders of Delta exchanged each of the shares held by them in Delta for the same class and number of newly issued shares of FTL and, as a result, Delta became a wholly owned subsidiary of FTL.
The Offeror has received irrevocable undertakings to accept (or procure acceptances of) the Offer from the Delta Directors in respect of, in aggregate, 362,627 Delta Shares representing approximately 0.24 per cent.
Application will be made to the JSE for the maximum possible number of Delta Shares to be issued in terms of the Dividend Reinvestment Alternative to be listed with effect from the commencement of trade on Friday, 7 December 2018.
The Stockholder is the sole record and beneficial owner of the Five Delta Shares, all of which Five Delta Shares are owned free and clear of all Liens, and have not been sold, pledged, assigned or otherwise transferred except pursuant to this Agreement.