Priority Shares definition
Examples of Priority Shares in a sentence
The share transfer restrictions in KL’s articles of association have, in respect of the transfer of the Priority Shares by this agreement, been duly observed, as is evidenced by a written resolution of the priority shareholders dated [ ].
KL shall acknowledge the transfer of the Priority Shares through execution of the Deed of Transfer.
In the case of the Depositary Receipts issued in respect of the Priority Shares, the proxy shall be irrevocable and shall cover all Retained Matters.
Except as set forth in Schedule 6(b) attached hereto, and subject to the cut-back provisions of Section 2(a), neither the Company nor any of its security holders may include securities of the Company in the initial Registration Statement other than the Priority Shares, the Registrable Securities and the Other Shares.
For the avoidance of doubt, no Registrable Securities held by General Unsecured Claim Holders may be included in an Underwritten Shelf Takedown prior to the inclusion of all of the Priority Shares requested to be included in such Underwritten Shelf Takedown (or any Piggyback Offering or Underwritten Demand).