Examples of Share Block in a sentence
Upon the effective date and/or upon the payment of the purchase price by the Purchaser the Seller shall, against due performance by the Purchaser of his obligations under the CONTRACT cause the shares which constitute the Share Block to be duly transferred into the name of the Purchaser.
Thereafter the Co-Resident has the right, for so long as the Share Block is held by the Executor of the deceased Resident, to elect in writing to become the Resident, but without the right to appoint a Co- Resident.
As long as he retains the right to occupy the residential unit in accordance with the provisions of the CONTRACT read together with the USE AGREEMENT, the Purchaser shall have no right to claim repayment of any amount standing to his credit in any loan account in the books of the COMPANY and he shall not be entitled to cede any such loan account or any portion thereof or any other such claim to any person other than a person to whom, in terms hereof, he may sell or otherwise dispose of the Share Block.