TS definition
Examples of TS in a sentence
If Holdco so distributes such shares, at Holdco’s request, Buyer shall promptly take all necessary action to re-register such shares in the names of MC and TS (in such amounts as each of them shall hold) in the books and records of the Buyer’s transfer agent, without any requirement for the delivery of any opinion of counsel in connection therewith (unless otherwise requested or required by Buyer’s transfer agent in its ordinary course of business).
To the extent Buyer Common Stock is distributed by Holdco to MC and TS, each of MC and TS acknowledges and agrees that: (a) such Buyer Common Stock has not been acquired with a view to, or in connection with, the sale or distribution thereof in violation of the Securities Act; and (b) they may not sell such Buyer Common Stock other than in full compliance with the Securities Act, including by obtaining any exemption required thereunder.
Holdco may elect to distribute the shares of Buyer Common Stock issued to it at the Closing as the Aggregate Stock Consideration to MC and TS.