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.
Acceptance of applications will be conditional upon the issue of the New Shares and the listing and quotation of all our existing issued Shares (including the Vendor Shares), the New Shares and the Award Shares on Catalist.
Where before Completion an event occurs (other than an event provided for or contemplated by this Agreement) which has or may have a material effect on the profitability or value of the Vendor Shares, the Vendors and the Company must, immediately upon becoming aware of that event, give notice to the Purchaser fully describing the event.
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.