Examples of Enviro Shares in a sentence
Subject to the terms and conditions of this Agreement, the Selling Shareholders hereby covenant and agree to sell, assign and transfer to PGT, and PGT hereby covenants and agrees to purchase from the Selling Shareholders all of the Enviro Shares held by the Selling Shareholders.
In lieu of any such fractional shares, if any of the Selling Shareholders would otherwise be entitled to receive a fraction of a share of the PGT Shares upon surrender of certificates representing the Enviro Shares for exchange pursuant to this Agreement, the Selling Shareholders will be entitled to have such fraction rounded up to the nearest whole number of PGT Shares and will receive from PGT a stock certificate representing same.
As consideration for the sale of the Enviro Shares by the Selling Shareholders to PGT, PGT shall allot and issue the PGT Shares to the Selling Shareholders in the amount set out opposite each Selling Shareholder’s name in Schedule 1.
CUSTOMER PROFILE In determining this FNB has assessed the practicality, expense, regional circumstances and the balance of the needs and preferences of the population of these customers by considering the previous requests across all 9 provinces for documents in the other official languages.
Ecoark acknowledges and agrees that the Enviro Shares are deemed “restricted securities” under the Securities Act inasmuch as this Agreement contemplates that, if acquired by Ecoark pursuant hereto, the Enviro Shares would be acquired in a transaction not involving a public offering.
It is understood that due to the fact that the offer and sale of the Enviro Shares being issued in connection with the Exchange have not been registered under the Securities Act by virtue of the exemption provided in Section 4(a)(2) of the Securities Act, such shares will contain the following legend: The offer and sale of the securities represented by this certificate have not been registered under the Securities Act of 1933 (the “Securities Act”), or any applicable state securities laws.
The Exchange of Banner Midstream Shares for Enviro Shares is intended to constitute a reorganization within the meaning of the Internal Revenue Code of 1986, as amended (the “Code”), or such other tax free reorganization or restructuring provisions as may be available under the Code.
The Enviro Shares proposed to be acquired by Ecoark hereunder will be acquired by Ecoark for investment for its own account, and not with a view to the resale or distribution of any part thereof, and Ecoark has no present intention of selling or otherwise distributing the Enviro Shares, except as set forth in Schedule 5.03 and in compliance with applicable securities laws.
However, the effect of hedging on credit line availability is economically small.
The Enviro Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein will be duly and validly issued, fully paid and non-assessable, and will be free of restrictions on transfer other than restrictions on transfer under this Agreement and under applicable state and federal securities laws.