Swap Shares definition
Examples of Swap Shares in a sentence
For the duration of the Escrow, Waldo shall not enter into any agreement for creation of, or permit to be created, any mortgage, pledge, lien, security, interest, encumbrance, restriction or charge of any kind (other than in favor of UPC as provided herein and in the Prefinancing Agreement) on or with respect to all or any portion of the shares of KMNGG stock owned or acquired by Waldo (including, without limitation, the Swap Shares).
In the event that the Final Closing occurs on or prior to the due date for repayment by Waldo of the Prefinancing Loan, the Canceled Prefinancing Amount (if any) shall be offset by the parties against amounts owing by UPC to Waldo for the Swap Shares pursuant to the terms and conditions of this Agreement and the Stock Exchange Agreement.
From and after the date hereof, all ----------------------- references to the term "Shares", as that term is defined in the Employment Agreement, shall include the Existing Shares and the Swap Shares.
For the duration of the Escrow, Waldo shall vote shares which it owns in KMNGG (including Swap Shares) in favor of the transactions contemplated by this Agreement and shall take such additional actions as may be necessary to authorize and/or procure the fulfillment by KMNGG and the Initial Sellers of their obligations under this Agreement.
In exchange for the Interest, Tethys shall issue to Coin (or its nominees) the Swap Shares totalling thirty million (30,000,000) Ordinary Shares, of par value £0.01 in Tethys, credited as fully paid.
FrHolding 108 has good and valid title to the Vivo Swap Shares and Telefónica has the requisite power and authority to be the lawful owner of the Vivo Swap Shares, upon transfer of the Vivo Swap Shares to Telefónica at the Closing, and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇’s receipt of the Telefónica Swap Shares good and valid title to the Vivo Swap Shares will pass to Telefónica, free and clear of any liens.
The Buyer shall take all reasonable steps and endeavours to ensure that the Swap Shares are credited to the demat account of the Transferor within 7 (Seven) Business Days from the Closing Date, in a manner reasonably satisfactory to the Transferor.
The Share Capital of the Buyer (on a Fully Diluted Basis) on the Closing Date, after issuance of the Swap Shares to the Transferor as per the terms of this Agreement, shall be as set out in Schedule 19 (Buyer Shareholding Pattern).
Neither Party shall assign all or in part, or delegate all or any part of its rights or obligations under this Agreement without the prior written consent of the other Party, provided that the Transferor shall entitled to assigns its rights under this Agreement along with the Transfer of the Swap Shares (in whole or in part).
Coin undertakes to inform Tethys in writing of the names and details of any nominees to which it may wish to allocate its Swap Shares, and Tethys undertakes to allocate, issue and register such shares accordingly.