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 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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Pledge Shares means the shares of Common Stock issuable as collateral for the Commitment Note.
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Examples of Pledge Shares in a sentence

  • DARA shall not grant, suffer or permit any contractual or noncontractual Encumbrance in or on the Pledge Shares, except in favor of SVI, or fail to promptly pay when due all lawful claims, whether for labor, materials or otherwise.

  • Please provide the articles of incorporation and articles of amendment, if applicable.

  • The gross proceeds to be received from the Private Offering, if any, or, alternatively, from the sale of the Pledge Shares, shall first be used to pay any additional fees and expenses of accountants, attorneys, and other required professionals.

  • No Debtor may sell, assign, encumber, hypothecate or otherwise encumber any interest in or distributions on the Pledge Shares.

  • Any proceeds remaining from the sale of the Pledge Shares after meeting Mandatory Prepayment requirements shall be retained by the Company.

  • Although there is not one unified Postmodern Theory, postmodern theorists would all agree on “the arbitrary and conventional nature of everything social—language, culture, practice, subjectivity, and society itself” (Best & Kellner, 1991, p.

  • Following the occurrence of an Event of Default and acceleration of the obligations, the Collateral Agent on behalf of the Secured Parties shall be entitled to exercise all voting, consent or other rights with respect to the Pledge Shares, to receive dividends thereon, and to have and exercise all other rights as holder of the Pledge Shares.

  • All certificates or instruments representing or evidencing any Collateral, including all Pledged Shares and Negative Pledge Shares, shall be delivered to and held by or on behalf of the Lender pursuant hereto, and in the case of Collateral shall be in suitable form for transfer by delivery, and shall be accompanied by all necessary instruments of transfer or assignment, duly executed in blank.

  • 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.

  • None of the Pledge Shares are encumbered or subject to any liens or encumbrances.


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 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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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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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 2.2(a) hereof.

  • 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 securities that were Restricted Securities 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 Borrower to be executed by the Shareholder in favour of the Security Trustee in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means both 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.

  • ASA Shares has the meaning set forth in 2.4(a).

  • Sale Shares means [Insert total number of shares of the Company] Shares, representing 100 percent of the total issued, subscribed and fully paid-up equity share capital of the Company held by the Shares Seller and Nominees as more particularly described in Annexure A attached hereto;

  • 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.