Examples of Envoy Shares in a sentence
Notwithstanding the above, when an Israeli or a Palestinian considers that his or her rights may be affected by any enforcement, confirmation or registration proceedings, he or she may request, within 30 days from the receipt of the information by the CAC in accordance with subparagraph c.
As of the date of this Agreement and at all times prior to the consummation of the Reorganization, the Envoy Shares constitute all the issued and outstanding capital stock of Envoy and are owned of record by Parent free and clear of all Encumbrances other than Encumbrances (i) created pursuant to the Debt Financing, as to which Encumbrances no representation or warranty is made, or (ii) set forth in Section 3.03(c) of the Disclosure Schedule.
THE CONSOLIDATIONIn connection with Amalco’s listing on NASDAQ, Envoy may have to consolidate the Envoy Shares to meet the requirements of NASDAQ.
In practice, system integration, adaptation of existing designs, and interoperation of heterogeneous subsystems remain major stumbling blocks that cause project failures.
As such, Envoy is requesting that its shareholders approve a consolidation of the Envoy Shares, which will only be effected if required to meet NASDAQ’s requirements.Envoy wishes to have the ability to consolidate the issued and outstanding Envoy Shares on the ratio of one (1) new share for up to three (3) old shares, if considered necessary or advisable by the Envoy Board, with the actual consolidation ratio to be determined by the Envoy Board.
These negotiations failed to secure support from the Australian University so the CRC is now considering funding the whole project through the University of Montpellier II near CSIRO’s European laboratory and USDA-ARS EBCL laboratory in France.
To consolidate the Envoy Shares, the articles of Envoy must be amended.