Examples of VEBA Shares in a sentence
In the event of a sale, merger or other transaction in which VEBA Holdco receives, in exchange for the VEBA Shares, new shares or securities of Chrysler or any other company, this Contingent Value Right shall survive and be exercisable with respect to such shares or securities under the terms herein.
Any transaction that is structured as an indirect sale of the VEBA Shares (other than a Sale of VEBA Holdco Interests), or of the VEBA Holdco Interests, such as the sale of a derivative instrument or other similar transaction, that results in payments to or receipt of value by the VEBA or VEBA Holdco, directly or indirectly, in respect of the VEBA Interests, shall be treated as the receipt of Aggregate Proceeds and subject to the Holder’s rights hereunder in every respect.
If a Sale of VEBA Interests or a distribution of or in respect of VEBA Shares occurs and the Aggregate Proceeds after giving effect to such Sale or distribution equal or exceed the Threshold Amount, then the VEBA, or VEBA Holdco, as applicable, shall transfer to Holder (i) an amount in cash equal to the Aggregate Proceeds, if any, in excess of the Threshold Amount (the “Threshold Amount Excess”) and (ii) all remaining VEBA Interests.
VEBA has and Kaiser will receive title to the VEBA Shares, free and clear of all security interests, liens, claims, pledges, options, rights of first refusal, agreements, charges or other encumbrances of any nature whatsoever.
On closing$10,000,000 was drawn down less financing costs of $1,211,056 (net proceeds of $7,007,717).
The District Manager may require in addition to the information furnished by the printed form, any additional information from the applicant which will enable the District Manager to determine that the proposed work or use complies with the provisions of this chapter.
At any time, and from time to time, after the date thereof, each party will execute such additional instruments and take such action as may be reasonably requested by the other party to confirm or perfect title to VEBA Shares or otherwise to carry out the intent and purposes of this Agreement.
Subject to the terms and conditions of --------------------------- this Agreement, Kaiser hereby purchases from VEBA, and VEBA hereby sells to Kaiser, the VEBA Shares.
Subject to the terms and conditions of this Agreement, Kaiser hereby purchases from VEBA, and VEBA hereby sells to Kaiser, the VEBA Shares.
VEBA is the record and beneficial owner of 3,387,940 --------- shares of the common stock of Kaiser, including the VEBA Shares.