Examples of Residual Shares in a sentence
If a Selling Investor exercised the Right of Co-Sale in accordance with this Section 4, then such Selling Investor shall deliver to Seller at or before the Co-Sale Closing, one or more certificates, properly endorsed for Transfer, representing the number of Residual Shares to which the Selling Investor is entitled to sell pursuant to this Section 4.
Subject to compliance with applicable state and federal securities laws, the sale of the Residual Shares by the Selling Investors shall occur within ten (10) days after delivery of the Co-Sale Confirmation Notice (the “Co-Sale Closing”).
The parties further understand and agree that should any of the provisions of the HPI Agreement be changed or modified, or if the parties shall agree otherwise, the number of Residual Shares may be changed provided that in no event shall the Residual Shares be less than 100,000.
For purposes of this provision, the number of HPI shares owned by Lxxxxxxxxx shall also include any and all such shares owned by Exxxxxxxx Xxxxxxxxxx, his wife, and Mxxxxxx Xxxxxxxxxx, his son, it being understood and agreed that the ownership of the Residual Shares shall be as determined by Lxxxxxxxxx.
The price paid by the Company for the aforementioned assets amounted to USD 90,000 thousand for Emdersa’s Shares and the Residual Shares acquired from AEIU and to USD 49,998 thousand for AESEBA’s Shares acquired from AEIU.Emdersa holds: (i) 99.99% of EDESAL’s capital stock and votes, (ii) 90% of the capital stock and votes of Empresa Distribuidora de Electricidad de Salta S.A. (“EDESA”), (iii) 99.98% of EGSSA’s capital stock and votes, and (iv) 99.99% of EDELAR’s capital stock and votes.