Examples of Sterling Shares in a sentence
Deferred Sterling Shares shall be issued without voting rights attached to them.
Deferred Sterling Shares: Deferred Sterling Shares shall be denominated in British Pounds Sterling with a nominal value of GBP£1.
Deferred Sterling Shares do not have any right to participate in any distribution on a winding up of the Company save that after the return of the nominal value paid up or credited as paid up on every ordinary share in the capital of the Company and the distribution of £100,000,000 to each holder thereof, each Deferred Sterling Shares shall be entitled to £1.
Subject to the terms and conditions contained in this Agreement, on the Closing (defined below), the Stockholders shall sell, assign, transfer and deliver to TGLN certificated representing the Sterling Shares.
The Stockholders own the number of Sterling Shares set forth above.
TGLN is acquiring the Sterling Shares for its own account for investment and not with a view to, or for sale in connection with, any public distribution thereof in violation of the Securities Act.
All necessary corporate proceedings or other similar actions by the Sterling and the Stockholders have been duly taken to authorize the execution, delivery, and performance of this Agreement and to authorize the sale of the Sterling Shares by the Stockholders.
TGLN has not entered into any other agreement, other than this Agreement with the Stockholders, with respect to the acquisition of Sterling Shares by TGLN.
TGLN understands that it must bear the economic risk of its investment in Sterling for an indefinite period of time, and the Sterling Shares being purchased from the Stockholders cannot be sold unless registered under the Securities Act and qualified under state securities laws, unless an exemption from such registration and qualification is available.
The Stockholders have all requisite power and authority to execute, deliver, and perform this Agreement and to sell to TGLN the Sterling Shares to be sold by the Stockholders pursuant hereto.