ITC Shares definition
Examples of ITC Shares in a sentence
NCT fully understands that the ITC common stock to be issued hereunder (the "ITC Shares") has not been registered under the Securities Act or under any state securities laws and that no transfer of the Common Stock or any interest therein may be made, except pursuant to an effective registration statement under the Securities Act and applicable state securities laws or an exemption therefrom.
NCT is purchasing the ITC Shares solely for its own account and not as nominee or agent for any other person and not with a view to, or for offer or sale in connection with, any distribution thereof (within the meaning of the Securities Act and the rules and regulations promulgated thereunder) that would be in violation of the federal and state securities laws.
NCT understands and agrees that the transfer of the ITC Shares purchased under this Amendment is subject to the conditions of this Amendment.
All certificates representing any of the ITC Shares subject to the provisions of this Amendment shall have been endorsed on the face thereof a legend substantially as follows: THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
No certificates representing fractional Cardio Shares shall be issued upon the surrender for exchange of the ITC Shares.
In lieu of a fractional share, Holdings will receive upon surrender of the ITC Shares an amount in cash (without interest) determined by multiplying such fraction by $22.35.
NCT understands and agrees that the transfer of the ITC Shares purchased under this Agreement is subject to the conditions of this Agreement.
All certificates representing any of the ITC Shares subject to the provisions of this Agreement shall have been endorsed on the face thereof a legend substantially as follows: THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER STATE SECURITIES LAWS OF ANY STATE.
Each Shareholder hereby grants to Murd▇▇▇ ▇▇ irrevocable proxy to vote such Shareholder's ITC Shares in connection with any shareholder vote required in connection with the Merger.
In the event any certificate representing Holdings' ITC Shares shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by Holdings, Cardio shall issue in exchange for such lost, stolen or destroyed certificate the consideration payable in exchange therefor pursuant to this Section 1.