Deferred Share A Sample Clauses

Deferred Share A. (a) Subject to the remainder of this Section 5.1, JVCo agrees to allot and issue one (1) Deferred Share (“Deferred Share A”) to GSK CH on or before 30 June 2022, and GSK CH shall subscribe and pay for Deferred Share A at a price equal to the nominal value of Deferred Share A plus the Deferred Share A Consideration. (b) At completion of the issuance of Deferred Share A to GSK CH: (i) GSK CH shall pay to JVCo the subscription price set out in Section 5.1(a) in cash or in other immediately available funds to such bank account as JVCo shall have notified to GSK CH; and (ii) subject to receipt of the subscription price set out in Section 5.1(a): (A) the Deferred Share A shall be issued as fully paid and free from all charges and encumbrances and all other rights or claims of third parties; and (B) JVCo shall enter the name of GSK CH in JVCo’s register of members as the registered holder of Deferred Share A.