Examples of IPA Shares in a sentence
Reviews: Manfred Born, New Journal of Insolvency and Corporate Rescue Law [Neue Zeitschrift für das Recht der Insolvenz und Sanierung, NZI] 2011 (Vol.
For greater certainty, IPA shall not issue, the Vendors shall not be entitled to receive, and the Vendors shall not, and shall cause their Affiliates to not, directly or indirectly acquire, offer to acquire, solicit an offer to sell, own, or purchase, any IPA Shares which, when aggregated with all other IPA Shares then beneficially owned by the Vendors and their Affiliates, would result in the beneficial ownership by the Vendors at Closing of IPA Shares in excess of the Issuance Cap.
Notwithstanding the foregoing, if the VWAP is less than the Discounted Market Price, the IPA Shares will be issued at a deemed price equal to the Discounted Market Price.
As of the Agreement Date and immediately prior to Closing, none of the Vendors owns directly, indirectly or exercises control or direction over any IPA Shares.
Under the rights attached to the IPA Shares, certain amounts are to be accrued as at the date of termination of the Initial Manager as the contracted manager of the Fund in certain circumstances which accrued amounts shall only be paid on the sale of the relevant portfolio investment (the “Contingent IPA Dividend”).
The number of IPA Shares to be issued shall be determined by dividing EIGHTEEN MILLION EUROS (€18,000,000) by the VWAP of IPA Shares, provided however that IPA shall not be required to issue any fractional shares and that the number of IPA Shares to be issued to each Vendor at Closing will be rounded down to the nearest whole share.
Immediately following the execution of this Agreement, the Purchaser shall cause IPA to make all required notifications to NASDAQ with respect to the issuance of the IPA Shares in the context of the Equity Consideration so as to ensure that the Closing Date can take place no more than fifteen (15) days after the Agreement Date and will provide the Vendors with a copy of such notifications as well as any responses received by NASDAQ in this respect.
The currently authorized series is: Unlimited number of IPA Shares, non-transferable and non-votingAs a result of various consolidations among the Venture Series, the only issued and outstanding Venture Series shares are the Balanced Shares (series 1) and the Balanced Shares (series 2) and as a result of the various conversions of Commercialization Series shares into 05 Commercialization Shares, the only issued and outstanding Commercialization Series shares are the 05 Commercialization Shares.
The Initial Manager also had a participating interest in the realized gains and income attributable to Balanced Shares (Series 2) shares, payable through dividends on the IPA Shares.
Other than pursuant to the Equity Escrow Agreement, the IPA Shares to be issued as part of the Equity Consideration shall be freely transferable and free from Encumbrances.