New Class A Shares definition
Examples of New Class A Shares in a sentence
The New Class A Shares to be issued in the Merger will, when issued in accordance with the provisions of this Agreement, be validly issued, fully paid and nonassessable.
Each CIGL Entity has all necessary corporate power and authority to enter into this Agreement and, subject to the receipt of the Requisite CIGL Entity Vote, to consummate the Transactions, including the issuance of the New Class A Shares to the Target Shareholders.
On the Closing Date and subject to satisfaction or waiver of all conditions precedent to Closing in Section 7, CIGL shall allot and issue the New Class A Shares and shall deliver to each Existing Target Shareholder the full Merger Consideration payable to them in accordance with this Agreement as promptly as practicable, and in any event within five (5) Business Days following the Effective Time.