Vendor Shares definition
Examples of Vendor Shares in a sentence
Title to and risk in the Vendor Shares passes to the Purchaser on Settlement.
The Vendor must sell the Vendor Shares to the Purchaser together with all rights attached to them as at the Execution Date and that accrue between the Execution Date and Settlement, other than the Agreed Dividend.
At Settlement, the Vendor must confer on the Purchaser title to the Vendor Shares and place the Purchaser in effective possession and control of the Company Group.
Any contract, transaction, arrangement or liability to which a Company Group Member is a party that involves, or likely to involve, obligations or liabilities that, by reason of their nature or magnitude ought reasonably be made known to an intending buyer of the Vendor Shares has been disclosed in the Due Diligence Materials.
All historical information in the Due Diligence Materials concerning each Company Group Member or the Vendor Shares is true and accurate in all material respects and is not misleading or deceptive in any material respect.