Examples of OTE Shares in a sentence
For the avoidance of doubt, should the HR not consummate the Transfer Agreement as notified to DT, the DT Right of First Refusal shall continue to apply with respect to the OTE Shares and pre-emption rights which were subject to the Transfer Agreement in addition to any other OTE Shares held by the HR.
If such DT Notice is given within twenty days of a dividend being paid by OTE and thus the OTE Shares becoming exdividend in the process, for the purposes of calculating an average, the prices for the OTE Shares shall be calculated on a cum-dividend basis for the entire VWAP period, in case the majority of the days of the relevant VWAP period fell in a time when the OTE Shares had been cum-dividend, and on an ex-dividend basis for entire VWAP period in all other cases.
In the agreements underlying the acquisition of OTE Shares as a result of the Change Of Control In DT, DT shall warrant that it holds free title to the OTE Shares.
The price at which the HR or its designee shall be entitled to purchase the OTE Shares in such case shall be the twenty day VWAP for OTE Shares quoted on the Exchange on the day of the occurrence of the Change Of Control In DT.
Additionally, the automated pipeline can be easily run through a single click desktop application.
The prohibitions set out in Paragraph 10.1 shall cease to apply if, at any time during the Standstill Period, the percentage of the HR’s voting rights in OTE falls below 20%, provided that the aggregate holding of the HR and DT in OTE shall not exceed 60% of the total voting rights in OTE until the end of the Standstill Period or such lower percentage that may be necessary to ensure the appropriate level of liquidity for the trading of the OTE Shares, as required by the Exchange.
The completion of the acquisition of OTE Shares as a result of the occurrence of the Change Of Control In DT shall be subject to all necessary regulatory approvals having been obtained, if any.
During the Standstill Period, DT shall not, and shall procure that any member of the DT Group will not, unless required so by the applicable legislation, without the HR’s consent acquire voting rights in OTE, through the purchase of OTE Shares or otherwise, such that DT’s total voting rights in OTE (excluding for the avoidance of doubt, any voting rights held by the HR and subjected to this Agreement) would exceed 25% plus one (1) of the total voting rights in OTE.
To the extent such OTE Shares are Encumbered, DT shall be entitled to repay the secured debt with the proceeds of the sale in order to deliver the OTE Shares free from such Encumbrance.
Any changes in the powers vested in the Executive Committee, pursuant to Paragraph 5.5. (j) A change of the primary listing jurisdiction (i.e. Greece) of the OTE Shares.