Examples of Security Shares in a sentence
Collectively, the foregoing stock is referred to as "Security Shares." The Security Shares will be held by the Subscriber pursuant to a Security Agreement.
Subscriber will be granted a security interest in the Security Shares to be memorialized in a Security Agreement.
Further, that the Security Shares and Additional Security Shares when issued in accordance with the Merger Agreement, the Purchase Agreement and this opinion, will be duly authorized, validly issued and non-assessable.
As at the Initial Issue Date, the Security Shares (as such term is defined in Security Agreement) are issued, fully paid, non-assessable and freely transferable and constitute shares in the capital of limited companies, and there are no moneys or liabilities outstanding or payable in respect of any such share.
On 22 January 2007, the Stakeholder completed the disposal of the Security Shares for total net proceeds of approximately RM1.42 million.