Examples of Up Shares in a sentence
No U.S. federal or state agency or any other government or governmental agency has passed or will pass on, or made or will make any recommendation or endorsement of, the Top Up Shares or the fairness or suitability of an investment in the Top Up Shares.
In the event that the Interest Share Amount for any Interest Payment Date would exceed the Dollar Volume Limitation, or the delivery of Interest Advance Shares or Interest True Up Shares would cause the Beneficial Ownership Limitation to be exceeded, then the Company shall pay the portion of the Interest Share Amount that would be in excess of the Dollar Volume Limitation or would cause the Holder to exceed the Beneficial Ownership Limitation in cash.
Up Shares will not be registered under the Securities Act and will be issued in reliance upon an exemption thereunder for transactions not involving a public offering.
The provisions of this Supplement set forth the procedures in accordance with which an Authorized Participant may create and redeem one or more MacroShares Units consisting of at least 50,000 MacroShares $100 Oil Up Shares (the "Up MacroShares") and 50,000 MacroShares $100 Oil Down Shares (the "Down MacroShares" and, together with the Up MacroShares, the "Paired MacroShares").
Amount No. of No. ofPaid Up Shares SharesRs. 2.50 per Share 80298 80298Rs. 5.00 per Share 710 7102.
Each member of a Selected Major Shareholder Group also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent (the “Transfer Agent”) and registrar against the transfer of the Lock Up Shares except in compliance with the foregoing restrictions.
Up Shares, if any, awarded pursuant to this Agreement will be represented by a stock certificate registered in the name of Participant.
The Company shall, promptly following receipt of such notice, deliver written notice to Sub specifying the number of Top Up Shares.
Up Shares that Merger Sub may acquire upon exercise of the Top-Up Option will not be registered under the Securities Act, and will be issued in reliance upon an exemption thereunder for transactions not involving a public offering.
Each Fund will, at all times, have equal numbers of Up Shares and Down Shares.