Examples of JV Co Shares in a sentence
For the avoidance of doubt, (A) both the beneficial and legal ownership of the Liberty Global Target Company Shares and the Vodafone Target Company Shares will transfer to Purchaser at Completion and not before and (B) both the beneficial and legal ownership of the JV Co Shares will transfer to Vodafone at Completion and not before.
Except as otherwise stated in the Share Purchase Documents, each party shall pay its own costs and expenses in relation to the negotiations leading up to the contribution and/or transfer of the Shares, the sale of the JV Co Shares and the preparation, execution and carrying into effect of the Share Purchase Documents.
Insofar as it is able to do so after Completion, each Seller shall, on being required to do so by the Purchaser or by the other Seller, do all acts and/or execute all documents as the Purchaser or such other Seller may reasonably consider necessary for contributing the Target Company Shares to the Purchaser and issuing the JV Co Shares to the Sellers or giving effect to the transactions set out in the Transaction Documents in accordance with the terms of this Agreement.
The Subscription Shares shall be issued and credited as fully paid-up and shall rank pari passu with the existing JV Co Shares.
MMID is expected to enter into an agreement with the JV Co, whereby MMID shall procure the transfer of the LDRs into the JV Co for an aggregate consideration of US$150.0 million, which shall be satisfied by the allotment and issue to MMID of 150,000,000 JV Co Shares, at an issue price of US$1.00 per JV Co Share, credited as fully paid (the “Injection”).
If exercised, the warrant subsequent to the First Warrant will result in the issue to the Company of an aggregate of 50,000,000 JV Co Shares, for US$50.0 million, at an issue price of US$1.00 per JV Co Share, to be satisfied in cash.
As announced in the First Announcement, the Company will hold 20% of the issued share capital of the JV Co by subscribing for 600,000 JV Co Shares at US$1.00 each for a total cash consideration of US$0.6 million as determined based on an assessment of the working capital requirements for the Business.
Subject to terms to be agreed, the Parties will enter into a warrant agreement, further to which the Company shall be entitled (but not obliged) to subscribe, and shall oblige the JV Co to issue and allot, an aggregate of 50,000,000 new JV Co Shares, at an issue price of US$1.00 per JV Co Share, to be satisfied in cash, the exercise of which shall be conditional upon, among other matters, the exercise of the First Warrant in stage 3(a) above.
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If exercised, the First Warrant will result in the issue to the Company of an aggregate of 50,000,000 JV Co Shares, for US$50.0 million, at an issue price of US$1.00 per JV Co Share, to be satisfied in cash.