Examples of Initial Share in a sentence
The Acquiring Fund will redeem and cancel such Initial Share immediately prior to the Closing in exchange for an amount equal to the consideration received by the Acquiring Fund for such Initial Share so that the Acquiring Fund will own no assets at the time of the Closing.
On the Initial Share Delivery Date, Dealer shall deliver to Counterparty the Initial Shares.
Before the Closing Date, (i) there will be no issued and outstanding shares in the Acquiring Fund or any other securities issued by the Acquiring Fund, after taking into account the redemption and cancellation of the Initial Share, and (ii) the Acquiring Fund will not have outstanding any options, warrants or other rights to subscribe for or purchase any Acquiring Fund shares, nor will there be outstanding any security convertible into any Acquiring Fund shares.
On the Initial Issue Date, the Number of Reserved Shares is not less than the Initial Share Reserve Requirement.
On the Initial Share Delivery Date, BofA shall deliver to Counterparty the Initial Shares.