Vendor Shares definition

Vendor Shares means the common shares in the capital of the Vendor.

Vendor Shares means the ordinary shares of the Company held by the Vendors and listed on Schedule 1 under the heading “Vendor Shares”;

Vendor Shares means common shares in the capital of Vendor.

Examples of Vendor Shares in a sentence

• Coughlin dividend entitlements are paid in arrears on a quarterly basis.In addition, the Company has the right to purchase the Coughlin Vendor Shares and the Coughlin Spring Shares (“Coughlin Call Options”) and individual Coughlin Vendors have the right to require the Company to purchase the Coughlin Vendor Shares and the Coughlin Spring Shares (the “Coughlin Put Options”) by giving notice to the Company.

• For the purposes of this clause 9, the “Risk Period” means the period commencing on the execution of this agreement and ending at the time of the crossing (or if more than one crossing, the occurrence of the last crossing) of the Vendor Shares on the Trade Date pursuant to clause 4.1.

• This transaction did not change the economic interests in BPA that are held by the Company and the BPA Principals.On January 2, 2019, the Company executed its right to purchase 5,000 Coughlin Vendor Shares for total consideration of$2,899,750.

• The Vendors agree to sell and transfer to the Purchaser, and the Purchaser agrees to purchase and take a transfer of, the full legal and beneficial ownership of the Vendor Shares, with effect from Closing and on the terms set out in this Agreement.

• Individual Coughlin Vendors are restricted from exercising their respective Coughlin Put Options until dates on or after August 31, 2018, subject to certain terms and conditions including restrictions requiring a minimum time period between individual exercise dates.On September 1, 2016, 1,000 Coughlin Vendor Shares were exercised under the terms of the Coughlin Put Options with a total value of $450,904, resulting in the Company's economic interest in Coughlin increasing from 66.0% to 67.0%.

More Definitions of Vendor Shares

Vendor Shares refers to the shares of SMI that will be tendered to Vendee by the Vendors, and which will represent all of the issued and outstanding shares, of any class, of that company.

Vendor Shares means the 33,000,000 shares of common stock of the Vendor owned by the Purchaser.

Vendor Shares has the meaning given in Article 51.1;

Vendor Shares means the 100% of the issued Shares which are beneficially and legally owned by the Vendor (represented by 1,039,348 fully paid ordinary shares in the capital of the Company).

Vendor Shares means the remaining 25 ordinary shares in the capital of

Vendor Shares has the meaning set out in subsection 3.2.

Vendor Shares shall have the meaning pursuant to Recital (D).