Examples of TortoiseCorp III Common Shares in a sentence
The CSRs represent the rights of CSR Holders to receive a contingent payment in the form of TortoiseCorp III Common Shares (or in such other form as is provided for herein) pursuant to this Agreement.
If any fractional TortoiseCorp III Common Shares would otherwise be required to be issued to a Qualifying CSR Holder but for this sentence, the number of TortoiseCorp III Common Shares to be issued to such Qualifying CSR Holder shall be rounded down to the nearest whole number.
To the extent not otherwise required by Law, such Company Earnout Shares will be issued through the facilities of the Depository Trust Company, without bearing any restrictive legend thereon; provided, that if the TortoiseCorp III Common Shares issued as Transaction Share Consideration are still subject to restrictions on transfer as of the date such Company Earnout Shares are issued, such restrictions on transfer shall also be applicable to the Company Earnout Shares.
Notwithstanding anything herein to the contrary, in no event shall any party hereto be required to issue to (x) the Qualifying CSR Holders an aggregate amount of TortoiseCorp III Common Shares in excess of the Escrowed Shares or (y) any Qualifying CSR Holder any fractional TortoiseCorp III Common Shares.
Notwithstanding anything herein to the contrary, half of the TortoiseCorp III Common Shares otherwise deliverable to Xxxxxx Xxxx at Closing pursuant to this Section 2.1(e)(vii) shall be subject to the CSR and issued by TortoiseCorp III to the CSR Escrow Agent and deposited into the CSR Escrow Account in accordance with Section 2.7 (the “Kent CSR Shares”).