Exit Shares definition

Exit Shares means the 500,000 shares of Common Stock of New NTL with a par value of $0.01 per share to be purchased by the providers of the New NTL Exit Facility on or before the Plan Effective Date.

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Exit Shares means the Preferred Shares, the Founder Shares and the Relevant Ordinary Shares;

Exit Shares means the shares for which pursuant to article 2:333h and 2:333i Dutch Civil Code a compensation needs to be paid upon being requested thereto by shareholders, who vote against the intended merger between the Company and the Acquiring Company in the General Meeting due to article 2:333h Dutch Civil Code, and further in accordance with the terms and conditions of the Merger Proposal;

Examples of Exit Shares in a sentence

• Upon receipt of the Exit Notice, each Shareholder other than SCS shall have the right to purchase from SCS a pro rata portion of the Exit Shares in proportion to its respective Share Percentage.

• Except for Customer, Strasmore or an affiliated entity of Strasmore, a person who or which is not a party to this TOS shall have no right to enforce any term of this TOS.

• If the remaining Shareholders shall elect to purchase less than all of the Exit Shares, then SCS shall have the right to engage a third party adviser to sell the Exit Shares to persons other than the Shareholders in accordance with the provisions of Section 7.1(b).

• For so long any Purchaser owns any Notes, no Purchaser shall sell an amount of Exit Shares on any Trading Day in excess of the greater of (i) such number of Exit Shares that would result in gross proceeds to such Purchaser in excess of fifty thousand dollars ($50,000) or (ii) five percent (5%) of the trading volume of the Common Stock on such Trading Day.

• The Company shall have no obligation to register any Exit Shares or Partial Shares until such time as Ariel shall have exercised its right in full and shall have received all of the Exit Shares or notified the Company in writing that it waives its right to any remaining Exit Shares.

• Upon such demand, the Company shall have six months to file with the Securities and Exchange Commission a registration statement covering the Exit Shares and Partial Shares.

• At such time as Ariel shall have received (and/or waived) all of the Exit Shares, Ariel shall be entitled to one demand registration.

• Upon termination by the Company in accordance with Section 11(b)(1) above due to a material breach by Ariel which is not timely cured, the Company will no longer be obligated to make Royalty Payments under Section 4,and Ariel’s right to receive additional Exit Shares will terminate.

• If the remaining Shareholders shall elect to purchase less than all of the Exit Shares, then SCS shall have the right to engage a third party adviser to sell the Exit Shares to persons other than the Shareholders in accordance with the provisions of Section 7.2(c).

More Definitions of Exit Shares

Exit Shares means Ordinary Shares which have been successfully tendered for purchase by Winterflood pursuant to the terms of the Tender Offer, which for the avoidance of doubt includes On-Sale Shares;

Exit Shares means the shares of Common Stock to be issued by the Company to the Purchasers pursuant to Section 2.1(c)

Exit Shares means the shares of Common Stock to be issued by the Company to the Purchasers pursuant to Section 2.1(c) “FCPA” means the Foreign Corrupt Practices Act of 1977, as amended.

Exit Shares shall have the meaning set forth in Section 7.9(d).