Pledge Shares definition

Pledge Shares means such number of Equity Shares which are either pledged in accordance with the provisions of the Share Pledge Agreement or ‘earmarked’ in accordance with Articles 3A and 3B of the Share Pledge Agreement and shall include Initially Pledged Shares and Secondary Pledged Shares;
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Pledge Shares means the shares of Common Stock issuable as collateral for the Commitment Note.
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Pledge Shares means five hundred thousand (500,000) shares of Common Stock held of record and beneficially owned by DARA. For the avoidance of any doubt whatsoever, the Pledge Shares are not the Purchase Shares.
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Examples of Pledge Shares in a sentence

  • However, pursuant to the release of the Released Pledge Shares, as more specifically provided under paragraph 10 of Part II A (Background to the transaction (“Underlying Transactions”)) above, as of 26 July 2016, the Remaining Advance Amount is secured by way of a first ranking exclusive pledge over the Remaining Pledged Shares.

  • Mr. Rothstein seeks a judgment in his favor in the amount of the loan principal of $210,000, plus 18% default interest, compounding monthly beginning September 5, 2012; the immediate delivery of the 77,310 Pledge Shares of Infinity, which have been deposited into court; as well as reasonably attorneys’ fees and costs pursuant to the terms of the note and the forbearance agreement.Mr. Ross concedes that the facts here are sufficient to prove the liability elements of Mr. Rothstein’s contract claims.

  • In respect of each Initial Earnout Year, Sellers shall irrevocably release or cause the irrevocable release of 25% of the Pledge Shares immediately upon (i) if any Buyer Earnout Payment for such Initial Earnout Year is payable pursuant to this Exhibit A, receipt by the Sellers’ Representative of such Buyer Earnout Payment; and (ii) otherwise, determination of the amount of the applicable Net Profit for such Initial Earnout Year pursuant to Section 5.

  • Notice of sale of Pledge Shares was also issued on 21.03.2018 by the Security Trustee.

  • It is submitted that proceeding before Debts Recovery Tribunal has already been initiated on the basis of invocation of the Guarantee and Pledge Shares, hence, the liability is imminent and claim for the said amount was a Financial Claim within the meaning of Section 5(8)(h) of the Code.

  • Pursuant to regulations 30 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, the Following Pledge Shares held by the Promoters of the Company ofTijaria Polypipes Limited was acquired by the Bank due to NPA of Loan Account.

  • For purposes of the Pledge Agreement, (x) the Collateral shall be deemed to include the Additional Collateral and (y) the After-acquired Shares shall be deemed to include the After-acquired Additional Pledge Shares.

  • This right of sale is further specified in the preceding paragraph of the notice which says that the defendant shall have the right to enforce the pledge by transferring the New BTL Pledge Shares into the respondent bank’s depository account and/or selling the New BTL Pledged Shares.

  • Counterparty has agreed to pledge 2,422,210 shares of Tripadvisor common stock (the "Pledge Shares") to secure its obligations under the Forward Contract, and will retain voting rights in the Pledge Shares during the term of the pledge.

  • Decree of the President of the Russian Federation, No. 889―On the Procedure for Pledge Shares Held inFederal Ownership, 31 August 1995, p.


More Definitions of Pledge Shares

Pledge Shares has the meaning set forth in paragraph B of the recitals herein.
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Pledge Shares has the meaning set forth in Section 2.2(c).
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Pledge Shares refers herein to 228,266 Dissenter's Shares comprised of the Xxxxx Pledge Shares, the Xxxxxx Pledge Shares, the Xxxxxx Pledge Shares, the Lightman Pledge Shares and the Xxxxxxx Pledge Shares, recognizing that Bailey, Goletz, Lightman and Xxxxxxx transferred each of their respective rights, title and interest in their respective Pledge Shares to Xxxxx in or before December 2000;
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Pledge Shares has the meaning specified in Section 2(a)
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Pledge Shares means the shares of common stock of the Company owned by Xxxxx Xxxxxxx that have been pledged pursuant to the Pledge Agreement, dated as of the date hereof among the Xxxxx Xxxxxxx, the Purchasers and the Pledge Holder.
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Related to Pledge Shares

  • Pledge Holder The entity which issued a Letter of Credit.

  • Placing Shares means the 32,313,130 Shares to be issued by the Company pursuant to the Placing;

  • Pledged Securities means any promissory notes, stock certificates or other securities now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral.

  • Note Shares means the shares of Common Stock issuable upon conversion of the Notes.

  • Purchased Securities has the meaning assigned in the Terms;

  • Purchase Shares has the meaning set forth in Section 2.5(c).

  • Private Placement Shares shall have the meaning given in the Recitals hereto.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Forward Purchase Shares shall have the meaning given in the Recitals hereto.

  • Released Securities means Shares of Restricted Stock with respect to which all applicable restrictions have expired, lapsed, or been waived.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Initial Pledged Shares means, collectively, with respect to each Pledgor, the issued and outstanding shares of capital stock of each issuer described in Schedule 11 annexed to the Perfection Certificate together with all rights, privileges, authority and powers of such Pledgor relating to such interests in each such issuer or under any Organizational Document of each such issuer, and the certificates, instruments and agreements representing such shares of capital stock and any and all interest of such Pledgor in the entries on the books of any financial intermediary pertaining to the Initial Pledged Shares.

  • Shares Pledge means the first priority pledge of the shares of and in each Owner required to be executed at any time under clause 8.1.19 by the Shareholder in favour of the Security Trustee and/or a Lender in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means all of them;

  • Private Placement Warrants Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • Founder Shares Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Pledged Shares has the meaning provided in Section 2 hereof.

  • Sale Shares has the meaning ascribed to it at Recital (A).

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.

  • Sold Shares shall have the meaning specified in Section 6.

  • Private Placement Warrants shall have the meaning given in the Recitals hereto.