NVP Shares definition

NVP Shares means the non-voting participating shares in the capital of Squire that are held by ▇▇▇▇;
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NVP Shares means the non-voting participating shares in the capital of Taal that are held by Ayre;
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Examples of NVP Shares in a sentence

  • The terms of any agreement pursuant to which a Fundamental Change is effected will include terms requiring any such successor or surviving entity to comply with the provisions of this Agreement and ensure that the NVP Shares (or any such replacement security) will be similarly adjusted upon any subsequent transaction analogous to a Fundamental Change.

  • If holders of Common Shares are given any choice as to the securities, cash or property to be received in a Fundamental Change, then Ayre will be given the same choice as to the Alternate Consideration it receives upon any conversion of the NVP Shares following such Fundamental Change.

  • Concurrently with the closing of such Third Party Transfer, Ayre shall deliver the NVP Shares being transferred to Squire and Squire shall exchange such transferred NVP Shares for an equal number of Common Shares and shall register such Common Shares in the name of such transferee.

  • Concurrently with the closing of such Third Party Transfer, Ayre shall deliver the NVP Shares being transferred to Taal and Taal shall exchange such transferred NVP Shares for an equal number of Common Shares and shall register such Common Shares in the name of such transferee.

  • The NVP Shares exchanged for Exchanged Shares shall be cancelled by Taal immediately following any Closing.

  • Notwithstanding the foregoing, the Parties agree that Ayre holds the rights of his Affiliates who own NVP Shares under this Agreement in trust and Ayre has the right to enforce this Agreement against Taal on behalf of such Affiliates.

  • For greater certainty, Ayre may transfer NVP Shares to his Affiliate upon providing written notice to Squire of such transfer and such Affiliate entering into an agreement to be bound by this Agreement and the Coattail Agreement in a form acceptable to ▇▇▇▇▇▇, acting reasonably.

  • In consideration for the issuance and delivery of the Exchanged Shares by Taal to Ayre, Ayre shall pay the Price in kind by transferring such number of NVP Shares to Taal as determined pursuant to Section 2.1(a).

  • For greater certainty, Ayre may transfer NVP Shares to his Affiliate upon providing written notice to Taal of such transfer and such Affiliate entering into an agreement to be bound by this Agreement in a form acceptable to Taal, acting reasonably.

  • The NVP Shares exchanged for Exchanged Shares shall be cancelled by Squire immediately following any Closing.