IFC Shares definition

IFC Shares means the Equity Securities of the Company subscribed for by IFC pursuant to the Subscription Agreement and/or otherwise held by IFC from time to time;

IFC Shares the aggregate of:

IFC Shares means one thousand (1000) fully paid equity shares of the Company having a face value of Rupees Ten (INR 10) each and bearing the rights as set forth in the Shareholders' Agreement.

Examples of IFC Shares in a sentence

• For a period of eighteen (18) months from the Closing Date, the Company shall not issue any New Securities to any Person on financial terms which are more favourable than the financial terms on which IFC CCD’s and IFC Shares are issued to IFC.

• This means the cost of the awards is recognised as an expense over the vesting period and the liability is remeasured at each reporting period based on the number of awards that are expected to vest and the current share price, with any fluctuations in the liability also recorded as an expense until it is settled.Save as you earn IFC Shares Since 1 June 2021, this plan has replaced the SAYE using RSA shares.

• Based on the Unit Cost in Pesos per Square Meter of Floor Area13, the affected structures the values applied are as follows: a) Open garage with GI roof and steel post @ PhP1,550 per sqm; b) covered path walk, planters and volleyball court @ PPh 1,550 per sqm; c) accesoria14, semi-concrete @ PhP 1,600 per sqm; d) warehouse/bodega, concrete @ PhP 2,100 per sqm; and, e) temporary, light materials @ PhP 800 per sqm.

• Except as required under Applicable Law and subject to the provisions of Article 217.6, the IFC Shares shall be freely transferable and tradable and IFC may transfer the IFC Shares, to any Person other than a Competitor.

• Except as required under Applicable Law and subject to the provisions of Article 217.6, the IFC Shares shall be freely transferable and tradable and IFC may Transfer the IFC Shares, to any Person other than a Competitor.

More Definitions of IFC Shares

IFC Shares means (i) the common shares of the Company held by the IFC Parties from time to time (but excluding any common shares acquired after the date of this Agreement other than (A) common shares issued or distributed by the Company by way of stock dividend, stock split or distribution, or in connection with a combination of shares, recapitalization, reorganization, merger or consolidation, or similar transaction or (B) common shares acquired with the consent of the Itaú Parties) and (ii) any securities representing a beneficial ownership interest in the common shares referred to in subclause (i) of this definition;

IFC Shares means the Initial IFC Shares and such other Shares from time to time owned by IFC as a result of IFC’s exercise of preemptive rights or issuances to IFC in connection with a stock dividend, stock split, bonus issue, combination of shares, recapitalization, merger, consolidation or other reorganization in respect of the IFC Shares. For avoidance of doubt, it is clarified that any other Shares acquired by IFC from shareholders of the Company shall not be considered as part of IFC Shares;

IFC Shares shall have the meaning ascribed to it in Recital (F); “IFC Subscription” the subscription of common shares by IFC provided for in Article IV; “Land Titling Survey and Maps” the land titling survey and maps of the areas covered by the Concession Documents as well as a list of all titled landowners, to be developed in accordance with Annex 5 hereto and in a form and substance satisfactory to IFC;

IFC Shares means (i) the common shares of the Company held by the IFC Parties from time to time (but excluding any common shares acquired after the date of this Agreement other than (A) common shares issued or distributed by the Company by way of stock dividend, stock split or distribution, or in connection with a combination of shares, recapitalization, reorganization, merger or consolidation, or similar transaction or (B) common shares acquired with the prior written consent of the Itaú Parties), (ii) any Share Equivalents held by the IFC Parties from time to time (but excluding any Share Equivalents acquired after the date of this Agreement other than (A) Share Equivalents issued or distributed by the Company by way of stock dividend, stock split or distribution, or in connection with a combination of shares, recapitalization, reorganization, merger or consolidation, or similar transaction, or upon the conversion, exercise or exchange, as applicable, of the foregoing Share Equivalents or (B) Share Equivalents acquired with the prior written consent of the Itaú Parties); and (iii) any securities representing a beneficial ownership interest in the common shares or Share Equivalents referred to in subclauses (i) and (ii) of this definition;

IFC Shares means Shares of the Company to be acquired by IFC pursuant to the Investment AgreementIFC Special Conditons;

IFC Shares means the Shares subscribed or, as the context may require, to be subscribed pursuant to the IFC Subscription;

IFC Shares means the shares held by IFC;