Examples of MTS Shares in a sentence
TMO covenants, agrees and undertakes to Sistema not to offer to sell or sell or otherwise dispose of or encumber any ISH Shares (except as for the transfer from TMO to Smaragd as contemplated under this Agreement) or MTS Shares representing the Underlying Shares (or agree to do any of the aforementioned) prior to the expiry of the Call Option pursuant to Section 2.3 hereof.
TMO and Smaragd are not a party to any option, warrant, purchase right, or other contract or commitment that could require them to sell, transfer, or otherwise dispose of any MTS Shares or ISH Shares (other than pursuant to this Agreement).
In the event that MTS decides to sell any of the MTS Shares to more than one Person, the provisions of this Section 1.8 shall apply with respect to each separate proposed transfer.
In addition, if MTS exercises its right to cause HoldCo to redeem the MTS Shares and HoldCo fails to redeem any portion of the MTS Shares for any reason, then until such time as the MTS Shares are redeemed, such MTS Shares shall bear a dividend at the rate of 5% per annum.
Lebanon Mutual and HoldCo agree to use reasonable best efforts to cause the Department to approve the purchase of the MTS Shares by MTS in the Offerings and the redemption of the MTS Shares as provided in this Section 1.6.
A Party may sell or otherwise transfer its MTS Shares to one of its Affiliates subject to the following: (i) the transferee undertakes to be bound by this Agreement, and (ii) if the transferee ceases to be Affiliated with the transferor, it shall retransfer the relevant MTS Shares to the transferor or a designated Affiliate of such transferor.
The Redemption Price for such MTS Shares shall be paid by a wire transfer of immediately available funds to an account designated by MTS.
The Shareholder owns, beneficially and of record, good and marketable title to the MTS Shares set forth opposite his name on Exhibit "A" hereto, free and clear of all security interests, liens, adverse claims, encumbrances, equities, proxies, options or Shareholders' agreements.
Except for Permitted Transfers, before any MTS Shares or MTS Co-Investors Shares, or any Beneficial Interest therein, may be Transferred (including Transfer by operation of law) by the MTS Entities, such MTS Shares or MTS Co-Investors Shares proposed to be Transferred shall first be offered to Oaktree as provided in this Section IV.
Further simplification of these terms and conditions can be achieved if research funding and research performing organizations harmonize their policies in respect to research data ownership and rights (see also Implementation Guideline 3 on Harmonization, above).