Disbursement of Shares Sample Clauses

Disbursement of Shares. On the Closing Date, the Purchaser will issue the Consideration Shares to the Vendor. The issuances will be as set out in Schedule “A”.
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Disbursement of Shares. The Purchaser will issue the Shares to the Vendor in accordance with the Vendor's direction and registration instructions delivered to the Purchaser at the time of Closing.
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Disbursement of Shares. 81 Section 14.4 Taxes on Shares Issued.........................................................................81 Section 14.5 Reservation of Shares to Be Fully Paid; Compliance with Governmental Requirements; Listing of Common Stock........................................................................82
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Disbursement of Shares. (a) Upon conversion of the QIB Convertible Global Note and the Non-QIB Convertible Global Note in accordance with Section 14.1, each Holder shall be entitled to receive such Holder's pro-rata portion of the QIB Shares or the Non-QIB Shares (the "PRO-RATA PORTION"), as the case may be, with any fractional share rounded down to the nearest whole share. A Holder's Pro-Rata Portion shall be calculated as follows:
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Disbursement of Shares. The Purchaser will allot and reserve for issuance all of the Shares at Closing and, with respect to the Initial Shares only, issue the Initial Shares at Closing, to the Vendors in accordance with the Vendors' direction and registration instructions delivered to the Purchaser at the time of Closing and, if applicable, issue the balance of the Shares over time and upon satisfaction of the market capitalization milestones set forth in section "2.2(b)", "2.2(c)" and/or "2.2(d)" hereinabove. The Parties acknowledge and agree that any and all Shares are to be delivered to the "Escrow Agent" (as hereinafter defined in section "7.1") to be held in escrow until the conditions to release the Shares from escrow as set forth in section "6.5" hereinbelow have been satisfied. Once the conditions to release the Shares from escrow as set forth in section "6.5" hereinbelow have been satisfied, then any Shares that the Purchaser may become obligated to issue pursuant to section "2.2.(b)", "2.2(c)" and/or "2.2(d)" hereinabove are no longer required to be delivered to the Escrow Agent to be held in escrow.
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Disbursement of Shares. Upon deposit by Forest with the Escrow Agent of an RCA Approval Notice, the Escrow Agent shall immediately cause to be disbursed (i) to the Company that number of CIPL Shares that are the subject of the RCA Approval Notice and any accrued dividends or distributions that pertain to those CIPL Shares, and (ii) to Forest that number of PERL Shares equal to 5,500,000 times X, where X is the ratio determined by dividing the number of CIPL Shares being disbursed divided by 20,000. The Company and Forest acknowledge and agree that because the number of shares to be disbursed hereunder may not be represented by a stock certificate in the appropriate denomination held in escrow, the Escrow Agent may be required to return stock certificates to the issuer or transfer agent in order to have stock certificates broken into appropriate denominations prior to disbursement.
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Disbursement of Shares a. Upon achievement of any Milestone on or before the date associated with such Milestone on Exhibit A, the Company shall promptly provide written notice to the Escrow Agent and the Transferee of such achievement (each a "COMPLETION NOTICE"). Upon the passage of any Milestone date set forth on Exhibit A for which the Company has not achieved the associated Milestone, the Company shall promptly provide written notice to the Escrow Agent and the Transferee of such failure to achieve the milestone (each a "NONCOMPLETION NOTICE"). In carrying out its duties under this Agreement, the Escrow Agent need only rely on such written notices received from the Company and will disregard any contrary instructions.
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Disbursement of Shares. The Transfer Agent shall release the Shares from the the Shares Pool upon BCI’s delivery to the Transfer Agent of a notice of conversion (a “Conversion Demand” a form of which has been attached hereto as Exhibit which shall state: (i) the amount being redeemed; and (ii) the current balance of the Amount remaining after each Conversion Demand. Such issuance of Shares pursuant to a Issuance Demand as described herein shall be at the sole discretion of BCI and shall require no action on the part of MyDx unless otherwise agreed to in writing between the parties. Advisory Services Agreement Page 12 of 18
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Disbursement of Shares 
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Related to Disbursement of Shares

  • Payment of Shares At or prior to the time of delivery of any of our shares you will pay or cause to be paid to the Custodian, for our account, an amount in cash equal to the net asset value of such shares. In the event that you pay for shares sold by you prior to your receipt of payment from purchasers, you are authorized to reimburse yourself for the net asset value of such shares from the offering price of such shares when received by you.

  • Replacement of Shares If any certificate or instrument evidencing any Shares is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement Shares.

  • Deposit of Shares Subject to the terms and conditions of this Deposit Agreement, Shares or evidence of rights to receive Shares may be deposited by delivery thereof to any Custodian hereunder, accompanied by any appropriate instrument or instruments of transfer, or endorsement, in form satisfactory to the Custodian, together with all such certifications as may reasonably be required by the Depositary or the Custodian in accordance with the provisions of this Deposit Agreement, and, if the Depositary requires, together with a written order directing the Depositary to execute and deliver to, or upon the written order of, the person or persons stated in such order, a Receipt or Receipts for the number of American Depositary Shares representing such deposit. No Share shall be accepted for deposit unless accompanied by evidence satisfactory to the Depositary that any necessary approval has been granted by any governmental body in the Cayman Islands or Hong Kong which is then performing the function of the regulation of currency exchange. If required by the Depositary, Shares presented for deposit at any time, whether or not the transfer books of the Company or the Foreign Registrar, if applicable, are closed, shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Depositary, which will provide for the prompt transfer to the Custodian of any dividend, or right to subscribe for additional Shares or to receive other property which any person in whose name the Shares are or have been recorded may thereafter receive upon or in respect of such deposited Shares, or in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. At the request and risk and expense of any person proposing to deposit Shares, and for the account of such person, the Depositary may receive certificates for Shares to be deposited, together with the other instruments herein specified, for the purpose of forwarding such Share certificates to the Custodian for deposit hereunder. Upon each delivery to a Custodian of a certificate or certificates for Shares to be deposited hereunder, together with the other documents above specified, such Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the Company or the Foreign Registrar, if applicable, for transfer and recordation of the Shares being deposited in the name of the Depositary or its nominee or such Custodian or its nominee. Deposited Securities shall be held by the Depositary or by a Custodian for the account and to the order of the Depositary or at such other place or places as the Depositary shall determine.

  • Treatment of Shares Section 2.1 Effect of the Merger on Capital Stock.............................2 Section 2.2 Exchange of Certificates..........................................6

  • Adjustment of Shares In the event of stock dividends, spin-offs of assets or other extraordinary dividends, stock splits, combinations of shares, recapitalizations, mergers, consolidations, reorganizations, liquidations, issuances of rights or warrants and similar transactions or events involving Company, appropriate adjustments shall be made to the terms and provisions of the Option as provided in the Plan.

  • Escrow of Shares (a) All Shares of Restricted Stock will, upon execution of this Award Agreement, be delivered and deposited with an escrow holder designated by the Company (the “Escrow Holder”). The Shares of Restricted Stock will be held by the Escrow Holder until such time as the Shares of Restricted Stock vest or the date Participant ceases to be a Service Provider.

  • Disbursement of the Escrow Shares 3.1 The Escrow Agent shall hold the Escrow Shares during the period (the “Escrow Period”) commencing on the date hereof and (i) for 50% of the Escrow Shares, ending on the earlier of (x) six months after the date of the consummation of the Company’s initial business combination (as described in the Registration Statement, hereinafter a “Business Combination”) and (y) the date on which the closing price of the Common Stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination and (ii) for the remaining 50% of the Escrow Shares, ending six months after the date of the consummation of an initial Business Combination. The Company shall promptly provide notice of the consummation of a Business Combination to the Escrow Agent. Upon completion of the Escrow Period, the Escrow Agent shall disburse such amount of each Initial Shareholder’s Escrow Shares (and any applicable share power) to such Initial Shareholder; provided, however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during the Escrow Period, then the Escrow Agent shall promptly destroy the certificates representing the Escrow Shares; provided further, however, that if, within six months after the Company consummates an initial Business Combination, the Company (or the surviving entity) subsequently consummates a liquidation, merger, stock exchange or other similar transaction which results in all of the shareholders of such entity having the right to exchange their shares of Common Stock for cash, securities or other property, then the Escrow Agent will, upon receipt of a notice executed by the Chairman of the Board, Chief Executive Officer or other authorized officer of the Company, in form reasonably acceptable to the Escrow Agent, certifying that such transaction is then being consummated or such conditions have been achieved, as applicable, release the Escrow Shares to the Initial Shareholders. The Escrow Agent shall have no further duties hereunder after the disbursement or destruction of the Escrow Shares in accordance with this Section 3.1.

  • Grant of Shares The Grant Date and number of Shares underlying your Restricted Stock Award are stated on page 1 of this Award Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the 2008 Plan.

  • Reservation and Availability of Shares of Preferred Stock (a) The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued shares of Preferred Stock or out of authorized and issued shares of Preferred Stock held in its treasury, such number of shares of Preferred Stock as will from time to time be sufficient to permit the exercise in full of all outstanding Rights.

  • Certain Representations; Reservation and Availability of Shares of Common Stock or Cash (a) This Agreement has been duly authorized, executed and delivered by the Company and, assuming due authorization, execution and delivery hereof by the Warrant Agent, constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, and the Warrants have been duly authorized, executed and issued by the Company and, assuming due authentication thereof by the Warrant Agent pursuant hereto and payment therefor by the Holders as provided in the Registration Statement, constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms and entitled to the benefits hereof; in each case except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally or by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).

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