Examples of Share Charge Agreements in a sentence
Conditional upon Completion and the issuance of the Bond, each Issuer Group Member shall procure that each Chargor shall (a) enter into the corresponding Share Charge Agreement with the Investor simultaneously with Completion, (b) charge in total 4,000,000 shares of Listco (the “Initial Charged Shares of Listco”) to the Investor pursuant to the terms of the Share Charge Agreements simultaneously with Completion and (c) perform other obligations thereunder upon entry into the Share Charge Agreements.
All necessary registration or filings in respect of the Share Charge Agreements will be obtained in accordance with their terms.
Conditional upon Completion and the issuance of the Bond, each Issuer Group Member shall procure that each Chargor shall (a) enter into the corresponding Share Charge Agreement with the Investor simultaneously with Completion, (b) charge in total 4,000,000 shares of Listco (the “Initial Charged Shares of Listco”) to the Investor pursuant to the terms of the Share Charge Agreements simultaneously with Completion and(c) perform other obligations thereunder upon entry into the Share Charge Agreements.
Upon the earlier of (i) the Conversion Date (as defined in the Notes) and (ii) the date on which the Secured Liabilities have been irrevocably and unconditionally paid and discharged in full, the Security Agent shall release the Share Charges and the Account Charge in accordance with Section 15.1 of the Share Charge Agreements and Section 15.1 of the Account Charge Agreement.
For the avoidance of doubt, the voting rights of the existing Shares charged in favour of Dato’ Chong (the “Charged Shares”) remain with the Mr. Siow Chien Fu, Dato’ Colin Tan and Dato’ Edwin Tan until the occurrence of an event of default under the Share Charge Agreements, following which Dato’ Chong shall be entitled to the exercise of all powers or rights (in particular, all voting rights) attached to the Charged Shares.
Consequently, the Convertible Bond Subscription Agreement and the Share Charge Agreements remain in full force and effect, and the parties’ rights under the Convertible Bond Subscription Agreement and the Share Charge Agreements are reserved.
Pursuant to the Share Charge Agreements, the parties agreed that the Share Charges shall not be released until all repayment obligations of CCRE Tianming under the Entrusted Loan Agreement have been fulfilled.
Pursuant to the Settlement Agreement, the termination of the Convertible Bond Subscription Agreement and the discharge of the share charges under the Share Charge Agreements shall be conditional upon amongst others the Company allotting and issuing the Settlement Shares to Dato’ Chong on or before 21 February 2019.
On 26 October 2018, notices had been served on each of the Chargors for an additional 307,061,748 Shares to be charged in favour of Dato Chong pursuant to the terms of the share charges under the Share Charge Agreements.
ISATORI shall communicate all Products complaints in writing to ARNET.