Consortium Shares Sample Clauses

Consortium Shares. The A Participating District’s interest in the Academy shall be represented by shares. Each share shall have a Campus designation. A Participating District may hold shares in more than one Campus. The number of shares and Campus designation available to the Participating Districts collectively shall be determined by a consensus of the Fiscal Agents Joint Steering Committee and set forth in Appendix C. Each share shall entitle its holder to enroll a number of students in the Cooperative Program, which number shall be five students per share for the 2018/20192019-2020 school year and shall be fixed by the Fiscal Agents Joint Steering Committee in advance of each school year thereafter based on available capacity provided that the number of students which a Participating District is entitled to enroll per share may not be decreased to less than four students per academic year without the written consent of that Participating District’s board of education. The number of shares elected to be held by each Participating District for the initial year of operation shall be designated in writing by each Participating District from among the shares available. Any increases in shares which may be sought by Participating Districts for later school years shall be granted by the Participating Districts’ Superintendents based on the availability of student seats as determined by the Fiscal AgentsJoint Steering Committee. The number of shares held by a Participating District shall also determine each district’s pro rata distribution upon dissolution of the Consortium.
Sample 1
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Consortium Shares. ‌ The Participating District's interest in the Academy shall be represented by shares. Each share shall have a Campus designation. A Participating District may hold shares in more than one Campus. The number of shares and Campus designation available to the Participating Districts collectively shall be determined by a consensus of the Joint Steering Committee and set forth in Appendix C. Each share shall entitle its holder to enroll a number of students in the Cooperative Program, which number shall be five students per share for the 2006/2007 2015-16 school year and shall be fixed (recommended?) (I would leave this alone. Who would they recommend this to. This seems like an administrative decision) by the Joint Steering Committee in advance of each school year thereafter based on available capacity provided that the number of students which a Participating District is entitled to enroll per share may not be decreased to less than four students per academic year without the written consent of that Participating District's board of education. The number of shares elected to be held by each Participating District for the initial year of operation shall be designated in writing by each Participating District from among the shares available. Any increases in shares which may be sought by Participating Districts for later school years shall be granted by the Participating Districts' Superintendents based on the availability of student seats as determined by the Joint Steering Committee. The number of shares held by a Participating District shall also determine each district's pro rata distribution upon dissolution of the Consortium.
Sample 1
Consortium Shares. The rights and obligations in this Agreement apply to each Consortium Member with respect to any Ordinary Shares in which it and/or its Affiliates hold a legal or beneficial interest, from time to time (whether acquired pursuant to the Subscription Agreement or otherwise), but excluding the Excluded Shares (the "Consortium Shares").
Sample 1

Related to Consortium Shares

  • FUND SHARES 3.1 The Contracts funded through the Separate Account will provide for the investment of certain amounts in shares of each Participating Fund.

  • Settlement Shares (a) With respect to any Settlement Date other than the Final Date, the number of Shares designated as such by Counterparty in the relevant Settlement Notice or designated by Dealer pursuant to the “Termination Settlement” provisions of Paragraph 7(g) below, as applicable; provided that the Settlement Shares so designated shall (i) not exceed the Number of Shares at that time and (ii) in the case of a designation by Counterparty, be at least equal to the lesser of 100,000 and the Number of Shares at that time, in each case with the Number of Shares determined taking into account pending Settlement Shares; and

  • Target Shares Seller holds of record and owns beneficially the number of Target Shares set forth next to his name in §4(b) of the Disclosure Schedule, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and Securities Laws), taxes, Liens, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. Seller is not a party to any option, warrant, purchase right, or other contract or commitment (other than this Agreement) that could require Seller to sell, transfer, or otherwise dispose of any capital stock of Target. Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of Target.

  • Acquired Shares Any Shares or other voting securities of the Bank with respect to which beneficial ownership is acquired by Shareholder or its affiliates, including, without limitation, by purchase, as a result of a stock dividend, stock split, recapitalization, combination, reclassification, exchange or change of such Shares or upon exercise or conversion of any securities of the Bank, if any, after the date hereof shall automatically become subject to the terms of this Agreement.

  • New Shares Stockholder agrees that any shares of Company Capital Stock that Stockholder purchases or with respect to which Stockholder otherwise acquires beneficial ownership after the date of this Agreement and prior to the Expiration Date (“New Shares”) shall be subject to the terms and conditions of this Agreement to the same extent as if they constituted Shares.

  • Initial Shares The Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight hours’ prior notice to the Company, shall be delivered by or on behalf of the Company to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company upon at least forty-eight hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four hours prior to the Closing Time (as defined below) with respect thereto at the office of the Representative, 0000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time at which such payment and delivery are actually made is hereinafter sometimes called the “Closing Time” and the date of delivery of both Initial Shares and Option Shares is hereinafter sometimes called the “Date of Delivery.”

  • Placement Units On the Closing Date and the Option Closing Date, as applicable, the Placement Units have been purchased as provided for in the Sponsor Unit Purchase Agreement and the requisite portion of the purchase price for such securities specified herein and therein shall be deposited into the Trust Account.

  • Exchange Shares The Exchange Shares have been duly and validly authorized by all necessary action, and, when issued and delivered pursuant to this Agreement, such Exchange Shares will be duly and validly issued and fully paid and nonassessable, will not be issued in violation of any preemptive rights, and will not subject the holder thereof to personal liability.

  • Consideration Shares The Consideration Shares, when issued in accordance with the terms and conditions of this Agreement, will be fully paid and non-assessable.

  • Units Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Units and any other Classes that may be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as otherwise specified in this Agreement.

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