Share Exchange Right definition

Share Exchange Right means the right pursuant to the Articles of a Holder of a Preference Share, to exchange such Preference Share for Ordinary Shares and/or cash;
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Share Exchange Right has the meaning set forth in the Memorandum and Articles of Association.
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Examples of Share Exchange Right in a sentence

  • If Conversion Rights (as defined in Condition 8(a)) are exercised in respect of the Bonds, the Share Exchange Right in respect of the Preference Shares issued on exercise of such Conversion Rights shall be deemed to have been exercised and the Issuer will procure that such Preference Shares will be exchanged immediately for Ordinary Shares.

  • If the Company at any time combines (by reverse share split or otherwise) one or more classes of its issued and outstanding Company Common Shares into a smaller number of shares, the number of Company Common Shares for which the Common Share Exchange Right may be exercised shall be adjusted downward proportionately.

  • Any Subsequent Holder shall, at its option, be entitled to exercise the Common Share Exchange Right if such Subsequent Holder is not then an affiliate of the Purchaser.

  • In addition, at any time and from time to time after the Company has consummated the initial registered public offering of Common Shares in the United States, the Purchaser may exercise the Common Share Exchange Right only in order to effect the delivery of Common Shares in connection with sales into the public market, and such exchange shall be deemed to have been made upon delivery of the certificate or certificates representing such Common Shares together with an executed share transfer form.

  • If Max Re at any time combines (by reverse share split or otherwise) one or more classes of its issued and outstanding Max Re Common Shares into a smaller number of shares, the number of Company Common Shares for which the Common Share Exchange Right may be exercised shall be adjusted upward proportionately.

  • If the Company at any time subdivides (by any share split, stock or bonus share dividend, recapitalization or otherwise) one or more classes of its issued and outstanding Company Common Shares into a greater number of shares, the number of Company Common Shares for which the Common Share Exchange Right may be exercised shall be adjusted upward proportionately.

  • The Guarantor has undertaken that whilst any Conversion Right or Share Exchange Right remains exercisable, save with the approval of the Bondholders by an Extraordinary Resolution or with the approvalof the Trustee where, in the Trustee’s opinion, it is not materially prejudicial to the interests of the Bondholders to give such approval, it will comply with the covenants given by it in the Deed Poll (see “Terms and Conditions of the Bonds – Undertakings”).

  • The Share Exchange Right shall be exercised by notice included in the Mandatory Redemption Notice.

  • If Max Re at any time subdivides (by any share split, stock or bonus share dividend, recapitalization or otherwise) one or more classes of its issued and outstanding Max Re Non-Voting Common Shares into a greater number of shares, the number of Company Common Shares for which the Common Share Exchange Right may be exercised shall be adjusted downward proportionately.

  • By exercising a Conversion and Exchange Right, a Holder of a Note (or the Trustee in the case of the exercise of Conversion and Exchange Rights in connection with subparagraph (b) below) will be deemed to have contemporaneously exercised the Share Exchange Right in respect of the Preference Shares issuable upon conversion of such Notes (subject to and in accordance with the Preference Shares, the Memorandum and Articles of Association and the Preference Share Guarantee.

Related to Share Exchange Right

  • Share Exchange has the meaning set forth in Section 2.1.

  • Exchange Right has the meaning set forth in Section 2.1 hereof.

  • Share Exchange Event shall have the meaning specified in Section 14.07(a).

  • Share Exchange Agreement has the meaning specified in the Recitals.

  • Shareholder Rights Plan means the amended and restated shareholder rights plan agreement dated as of November 10, 2015 between Parent and American Stock Transfer and Trust Company, LLC, as rights agent, as amended and restated as of April 18, 2016, as further amended, restated, succeeded or replaced from time to time, and any similar plan adopted from time to time;

  • Exchange Rights shall have the meaning set forth in Paragraph 2 hereof.

  • Common Shares means the common shares in the capital of the Corporation;

  • Share Exchange Ratio means the ratio at which the Transferee Bank shares shall be allotted to the Transferor Banks’ shareholders as set out in the Schedule; and

  • Initial Merger Consideration has the meaning set forth in Section 2.2(a).

  • Common Share Reorganization has the meaning set forth in Section 4.1;

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.

  • Company Shareholder Approval has the meaning set forth in Section 4.03(d).

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Pre-Exchange Transfer means any transfer or distribution in respect of one or more Common Units (i) that occurs prior to an Exchange of such Common Units, and (ii) to which Section 743(b) or 734(b) of the Code applies.

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Company Shares means the common shares in the capital of the Company;

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).

  • New Common Shares means the common stock or common equity of Reorganized XOG to be issued on the Effective Date.

  • Per Share Merger Consideration has the meaning set forth in Section 3.1(a).

  • Series B Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B, of the Company.

  • Parent Shareholder Approval means the affirmative vote of the holders of a majority of the votes cast by holders of outstanding shares of Parent Stock on the proposal to approve the issuance of Parent Stock as provided in this Agreement at the Parent Special Meeting.

  • Share Sale means the sale of (or the grant of a right to acquire or to dispose of) any of the shares in the capital of the Company (in one transaction or as a series of transactions) which will result in the purchaser of those shares (or grantee of that right) and persons Acting in Concert with him together acquiring a Controlling Interest in the Company, except where following completion of the sale the shareholders and the proportion of shares held by each of them are the same as the shareholders and their shareholdings in the Company immediately prior to the sale;[“Significant Transaction” means any transaction or series of transactions involving a transfer or licensing of some or all of the rights in relation to some or all of the assets of the Company, including without limitation licensing agreements and business and asset sale and purchase agreements pursuant to which the net payment(s) to the Company is at least £[insert];] [Note: to include for a Special Dividend][“Special Dividend” has the meaning set out in Article 4.13;] [Note: include if required]