Search Securities definition
Examples of Search Securities in a sentence
The Stockholders represent and warrant that they have not sold, gifted or transferred in any other manner any Search Securities.
If, at any time or from time to time during the Standstill Period, any Stockholder or Stockholder Affiliate violates Section 2.a of this Standstill Agreement, Search shall have the right to (i) purchase all Search Securities acquired and still held by any and all Stockholders and/or Stockholder Affiliates for the price of One Dollar ($1.00) and (ii) direct the Search's securities transfer agent to transfer all such Search Securities from the Stockholders and Stockholder Affiliates to Search.
Such Cash Consideration may be pro-rated in accordance with the Arrangement and, as a result, Oil Search Securities may be issued.