Share Interests definition

Share Interests means the respective ownership percentages of the Corporation held by the Shareholders, determined for a Shareholder as the percentage reflected by a fraction (x) the numerator of which is the number of Shares owned by such Shareholder and (y) the denominator of which is the total number of issued and outstanding Shares;
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Share Interests constitiution in a percentage of sixty per cent (65%) shall be as follows:
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Share Interests is defined in Section 2.1.
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Examples of Share Interests in a sentence

  • Each Grantor agrees to comply with Section 6.11 of the Credit Agreement with respect to the proceeds of Time Share Interests described therein that are owned by such Grantor.

  • Nonrecourse deductions shall be allocated to Members in accordance with their relative Share Interests.

  • Comply with all applicable regulations of any Governmental Authority with respect to the sale of Time Share Interests in each jurisdiction in which they are selling or have sold Time Share Interests, except to the extent such noncompliance could not reasonably be expected to have a Material Adverse Effect.

  • Buyer desires to purchase the Share Interests from each of the Stockholders, and each Stockholder desires to sell his, her or its Share Interest to Buyer.

  • In furtherance of the foregoing, Holdings, Polo Holdings and the Borrower will give prompt notice to the Administrative Agent of the acquisition or reacquisition by them or any of the other Loan Parties (x) of any real property (or any interest in real property) having a value in excess of $1,000,000 or (y) of Time Share Interests at a Resort that is not Mortgaged Property that result in Loan Parties owning real property (or interests in real property) at such Resort having a value in excess of $1,500,000.

  • All Losses in excess of the limitations set forth in this Section 4.13 shall be allocated to the Members in accordance with their relative Share Interests.

  • The closing of the purchase and sale of the Share Interests shall take place at date and time as may be mutually agreed to by Buyer and Sellers following approval by the shareholders of Seller of the sale of the Company to Buyer.

  • All items of Profits and losses incurred by the Company shall be allocated to the Members in accordance with their relative Share Interests.

  • The Pledgor and the Pledgee may from time to time adjust and confirm the maximum amount of the Secured Debts that should be guaranteed in the total amount of the Share Interests before the settlement date due to changes in the currency valuation of the Secured Debts and Share Interests, by mutually agreeing to amend and supplement this Agreement.

  • The certificates evidencing the Share Interests have been pledged and delivered by the Assignor to the Senior Lender pursuant to the Pledge and Security Agreement dated as of October 25, 1996.

Related to Share Interests

  • Joint Venture Interests means assets of the Company and its Subsidiaries constituting an equity investment in real estate assets or other properties, or in an entity holding real estate assets or other properties, jointly owned by the Company and its Subsidiaries, on the one hand, and one or more other Persons not constituting Affiliates of the Company, on the other hand, excluding any entity or properties (i) which is a Subsidiary or are properties if the co-ownership thereof (if in a separate entity) would constitute or would have constituted a Subsidiary, or (ii) to which, at the time of determination, the Company’s manager at such time or an Affiliate of the Company’s manager at such time provides management services. In no event shall Joint Venture Interests include equity securities that are part of a class of equity securities that are traded on a national or regional securities exchange or a recognized over-the-counter market or any investments in debt securities, mortgages or other Debt.

  • Share Issuance means the issuance of the shares of Parent Common Stock required to be issued in the Merger.

  • LLC Interests shall have the meaning given to such term in Section 6.1.

  • Permitted Share Issue means an issue of:

  • Company Interests has the meaning set forth in the Recitals.