Examples of VIP Shares in a sentence
The Issuer shall not permit VIP to engage in a merger, combination, consolidation, reclassification, sale or transfer of substantially all of its assets or any other transaction pursuant to which VIP Shares are converted into other securities.
Subject to the terms and conditions hereof and in consideration of the sale and transfer to VIP by the Issuer of the First Closing VIP Shares, on the First Closing Date, VIP shall pay to the Issuer the First Closing VIP Purchase Price in the manner provided in Section 2.01(c)(ii) and the First Closing VIP Purchase Price shall be allocable entirely to, and deemed to be in consideration of, the First Closing VIP Shares being purchased hereunder.
For the avoidance of doubt, Telenor shall not be deemed to have voluntarily purchased any VIP Shares or Voting Securities by reason of any reduction of capital by the Company or by the declaration of invalidity of any VIP Shares or other Voting Securities of the Company.
At such later closing date, VIP and Telenor shall have the right, but not the obligation, to purchase (and the Issuer shall have the obligation to sell to VIP and Telenor) the Second Closing VIP Shares and the Second Closing Telenor Shares, at the same price and in the same manner as VIP and Telenor were each entitled to purchase such shares at the Second Closing.
Such Closing Notice shall include Telenor's instructions as to the name or names in which all such VIP Shares and VIP Preferred Shares shall be registered for delivery on such Option Closing Date.
The placement of the Third Closing VIP Shares shall occur on the date on which the Third Closing VIP Shares are disposed of (otchuzdeny) by the Issuer in favor of VIP, by transferring the title to the Third Closing VIP Shares to VIP at the Third Closing.
In the event of any Transfer of VIP Shares, VIP Preferred Shares or VIP-R Shares by Telenor to a transferee other than a Permitted Transferee of Telenor, such transferee shall not be bound by any of the terms of this Agreement or by any Option.
The Pledgor shall give notice to VIP upon an actual transfer of VIP Shares as required under the Shareholders Agreement dated May 30, 2001 between the Pledgor, Telenor East Invest AS and other parties (as amended from time to time).
The placement of the Second Closing VIP Shares shall occur on the date on which the Second Closing VIP Shares are disposed of (otchuzdeny) by the Issuer in favor of VIP, by transferring the title to the Second Closing VIP Shares to VIP at the Second Closing.
In the event of any Transfer of VIP Shares, VIP Preferred Shares or VIP-R Shares by Telenor to a Permitted Transferee of Telenor, such Permitted Transferee shall receive and hold any and all such Shares so transferred subject to the terms and conditions of this Agreement.