Examples of Selling Optionholders in a sentence
The shares to be offered and sold by the Selling Stockholders and the Selling Optionholders are collectively referred to as the "Shares." We have examined the originals, or photostatic or certified copies, of such records of the Company and certificates of officers of the Company and of public officials and such other documents as we have deemed relevant and necessary as the basis for the opinions set forth below.
The Company has also established a facility through which Selling Optionholders may sell, pursuant to the Offers, some or all of the Ordinary Shares which will be issued to them if they exercise their exercisable options prior to Admission.
Subject to this Section 2.4, at the Closing, the Selling Optionholders shall sell, transfer and deliver to Buyer, and Buyer shall purchase and acquire from the Selling Optionholders, all of the In-the-Money Vested Options in exchange for the In-the-Money Vested Option Transfer Payment, subject to adjustments following the Closing as specified in this Agreement (including release of amounts held in the Adjustment Escrow Account, the Indemnity Escrow Account or the Representative Fund).
February 8, 2000 Page 2 Based upon the foregoing examination and in reliance thereon, and subject to the assumptions stated and in reliance on statements of fact contained in the documents that we have examined, we are of the opinion that (i) the Shares to be sold by the Selling Stockholders have been validly issued and are fully paid and non-assessable, and (ii) the Shares to be sold by the Selling Optionholders, when issued against payment therefor, will be validly issued, fully paid and non-assessable.
As the Primary Placing was oversubscribed, in order to meet investor demand for further Ordinary Shares, the Optionholders agreed to effect the Option Exercise and, conditional on Admission, the Selling Optionholders agreed to sell 6,454,668 of the Option Shares (in aggregate) that will be conditionally issued to the Optionholders pursuant to the Option Exercise, at the Issue Price to placees.
The Company shall purchase the Purchased Options from the Selling Optionholders pursuant to the terms of the Redemption Agreements and each Selling Optionholder shall execute an Option Cancellation Agreement in the form attached hereto as Exhibit H (the "Option Cancellation Agreements").
February 20, 2001 Page 2 Based upon the foregoing examination and in reliance thereon, and subject to the assumptions stated and in reliance on statements of fact contained in the documents that we have examined, we are of the opinion that (i) the Shares to be sold by the Selling Stockholders have been validly issued and are fully paid and non-assessable, and (ii) the Shares to be sold by the Selling Optionholders, when issued against payment therefor, will be validly issued, fully paid and non-assessable.