Rollover Shares definition
Examples of Rollover Shares in a sentence
Except for a transfer to Parent as contemplated by Section 1 hereof, such Rollover Shareholder has not Transferred any interest in any of its Rollover Shares, other than any Lien which will be discharged on or prior to the Rollover Closing or as contemplated by this Agreement.
If for any reason the proxy granted pursuant to this Section 13(b) is not irrevocable, then each Rollover Shareholder agrees to, during the Proxy Term, vote its Rollover Shares in accordance with Section 13(a) above as instructed by Parent, or any other designee of Parent, in writing.
By executing this Agreement, such Rollover Shareholder further represents that such Rollover Shareholder does not presently have any Contract, understanding or undertaking with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect to any of its Rollover Shares.
Such Rollover Shareholder is and, immediately prior to the Rollover Closing, will be the legal and beneficial owner of, and has and, immediately prior to the Rollover Closing, will have good and valid title to, its respective Rollover Shares, free and clear of Liens other than as created by this Agreement and which have or could have the effect of preventing, impeding or interfering with or adversely affecting the performance by such Rollover Shareholder of its obligations under this Agreement.
The Rollover Shares Documents shall be held by Parent or any agent authorized by Parent until the Rollover Closing, at which time they shall be delivered to the Company in order to give full effect to the Rollover Closing as contemplated by this Agreement, including procuring that the Company register the Rollover Shares in favor of Parent in its register of members as at the Rollover Closing.