Principal Shares definition

Principal Shares is defined in Section 7.1.

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Principal Shares means the 4,550,000 presently issued restricted shares in the common stock of the Company held by the Principal Shareholder to be transferred to Nano and its nominees as described in paragraph 2.5.

Principal Shares means the 20,000,000 presently issued restricted common shares of the Purchaser held by the Principal Shareholder to be transferred to the Vendor as described in paragraph 2.4.

Examples of Principal Shares in a sentence

• After that, all liability of the Trustee and Paying Agent with respect to such money, Principal Shares or Interest Shares shall cease and Holders entitled to money, Principal Shares or Interest Shares must look to the Company for payment.

• None of the Forest City Principals has granted any person any proxy (revocable or irrevocable) or power of attorney with respect to any of their respective Forest City Principal Shares or deposited any of their respective Forest City Principal Shares in a voting trust or entered into any arrangement or agreement limiting or affecting such Forest City Principal’s legal power, authority or right to vote their respective Forest City Principal Shares as required by this Agreement.

• Principal shall sell, transfer, convey and deliver unto Purchaser, and Purchaser shall acquire and purchase from Principal, the Principal Shares.

• As of the date hereof, each of the Forest City Principals owns beneficially and of record its respective Forest City Principal Shares.

• The Principal on the Notes shall be paid on the Maturity Date in Principal Shares.

More Definitions of Principal Shares

Principal Shares means the number of fully paid and non-assessable shares ---------------- of Common Stock which have a current market price (determined as set forth in Section 10.05(b) hereof) equal to the amount of Principal on the Notes due on the Maturity Date.

Principal Shares means the 30,000,000 shares of common stock of Horizon to be surrendered for cancellation by the Principal Shareholder under paragraph 2.3 of this Agreement immediately prior to Closing.

Principal Shares has the meaning given to it in the Debenture Certificate.

Principal Shares means the 50,000,000 presently issued restricted shares in the common stock of Dane held by the Principal Shareholder;

Principal Shares means the “Shares” as defined in the Principal Sale Agreement;

Principal Shares means the 24,222,750 presently issued restricted common shares of FC to be surrendered for cancellation by the Principal Shareholders as described in paragraph 2.2.

Principal Shares has the meaning attributed thereto in Section 2.1;