Loan Shares definition

Loan Shares means the new Ordinary Shares to be issued to the Lender pursuant to this Agreement (other than pursuant to Clause 7)

Loan Shares has the meaning given in clause 1.1(a); "Market Out" the right of the Investor to decline to purchase Common Shares in connection with a Placement Notice on one or more occasions if the Exchange refuses to accept or approve any subscription to or issuance of, any Common Shares pursuant to this Agreement for any reason whatsoever, including in respect of the Purchase Price;

Loan Shares means those Shares issued to the Borrower using funds provided from a Loan that has not yet been repaid.

Examples of Loan Shares in a sentence

• In addition, where the Participant has elected for the Loan Shares to be provided to the Company in full satisfaction of the loan, the Company must accept the Loan Shares as full settlement of the repayment obligation under the limited recourse loan.

• Subsection (1) makes it clear that court proceedings have to be conducted in accordance with such rules and subsections (2) and (3) specify what such rules may include (for example, the manner and form in which proceedings are to be commenced).

• Holders of Loan Shares will be entitled to exercise all voting rights attaching to those Shares in accordance with the Company's constitution.

• Loan Shares are subject to restriction agreements imposing loan repayment obligations, and, that the holders of Shares are not able to trade them within 12 months of issuance.

• For the purpose of this sale, the Participant appoints the secretary of the Company (or his or her duly authorised delegate) as their attorney and authorises them to sell the relevant Loan Shares on behalf of the Participant.

More Definitions of Loan Shares

Loan Shares shall have the meaning given in the Recitals hereto.

Loan Shares has the meaning given in Clause 3.4(a);

Loan Shares means the 36,000,000 Ordinary Shares lent by the Lenders to the Borrower pursuant to this Agreement and any securities paid to the Borrower in respect of such shares as referred to in Clause 5;

Loan Shares. – means the non-brokered private placement of 1,900,000 FinCanna Shares issued to Key Management at $0.30 per FinCanna Share for aggregate gross proceeds of

Loan Shares collectively refers to the Conversion Shares and the Warrant Shares.

Loan Shares has the meaning stated in Section 4.1(a).

Loan Shares means Common Shares and/or CUFS issued to the Lender pursuant to this Agreement upon any one or more conversions of the Loan (other than pursuant to Clause 7).