Lent Shares definition

Lent Shares means up to 3,500,000 Shares lent by a major shareholder of the Issuer to the Investor pursuant to a share lending agreement to be entered into by and between the Investor and such major shareholder of the Issuer on or about the Issue Date. ”Material Adverse Change" betyder
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Lent Shares has the meaning set forth in Section 1.2(d)(ii).
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Lent Shares means the freely tradable Common Shares to be received by the Investor pursuant to the terms of the Share Lending Agreement;
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Examples of Lent Shares in a sentence

  • Upon demand of the Investor, the Company shall confirm to the Investor that the number of available Lent Shares complies with the Lent Shares Requirement.

  • The Holders may request the early redemption of the Convertible Debenture upon the occurrence of an Event of Default, as described in section 9, or upon failure to remit cash or Lent Shares or to issue new Shares to each Holder in accordance with these terms.

  • The Company shall procure on a weekly basis, if needed, that additional Lent Shares will be lent as soon as possible to the Agent by one or several shareholders of the Company, so that the Lent Shares Requirement is met at all times except during the period between a Conversion Date and the date of registration of the Shares related to said Conversion, provided that such period shall not exceed five (5) Trading Days.

  • As from the first issuance date and as long as Convertible Debenture and/or Warrants held by the Investor are outstanding, the actual number of Lent Shares held by the Agent shall at least be equal to the higher of (i) 350,000 and (ii) 30 % of the aggregate principal amount of Convertible Debentures held by the Investor post-subscription of the most recent tranche divided by the latest closing price.

  • Upon a Conversion, the Company shall deliver the relevant Shares and/or cash amount to the Holder within one (1) Trading Day, by delivering Lent Shares through the Company’s share agent.

  • The Subscriber has no control over the voting rights of the Lent Shares and has no means of ascertaining whether and how these Lent Shares will be voted at the SGM.

  • Since none of the events referred to above has occurred yet, the Subscriber has no right to call for the redelivery of any of the Lent Shares from the Stock Borrowers as at the Latest Practicable Date.

  • The Holders may request the early redemption of the loan upon the occurrence of an Event of Default, as described in section 9, or upon failure to remit cash or Lent Shares or to issue new Shares to each Holder in accordance with the terms of the Agreement.

  • Happy Genius also intends to seek to procure, pursuant to the terms of the SLA, that PAA takes up the right to subscribe for 52,000,000 Rights Shares attaching to the Lent Shares, subject to Happy Genius being satisfied that doing so will not result in any adverse consequences or obligations on its part under all applicable laws, codes and regulations.

  • Accordingly, the Subscriber entered into a stock borrow agreement with each of the Stock Borrowers to lend the Lent Shares to the Stock Borrowers.

Related to Lent Shares

  • Equivalent Shares means Preferred Shares and any other class or series of capital stock of the Company which is entitled to the same rights, privileges and preferences as the Preferred Shares.

  • Adjustment Shares shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Common Shares means the common shares in the capital of the Company;

  • Newco Shares means the common shares in the capital of Newco;

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Payment Shares has the meaning set forth in Section 2.02;

  • Unit Shares means the Common Shares comprising part of the Units;

  • Shares means the interests of Shareholders corresponding to the redeemable securities of record issued by the Fund under the Investment Company Act of 1940 that are held by the Intermediary.

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • Relevant Shares means ordinary share capital of the Approved Entity that constitutes equity share capital or the equivalent (or depositary or other receipts representing the same) which is listed and admitted to trading on a Regulated Market.

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Parent Stock means the common stock, par value $0.01 per share, of Parent.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Dissent Shares means Company Shares held by a Dissenting Shareholder and in respect of which the Dissenting Shareholder has validly exercised Dissent Rights;

  • Total Shares means (without double-counting), as of a particular date of determination, the algebraic sum of: (A) the Initial Shares, plus (B) the Additional Shares, minus (C) all Buyback Shares repurchased or redeemed between the Effective Date and such date of determination.

  • Amalco Shares means common shares in the capital of Amalco;

  • Subco Shares means the common shares in the capital of Subco;

  • Ordinary Shares shall have the meaning given in the Recitals hereto.

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • PIPE Shares shall have the meaning given in the Recitals hereto.