Common use of Optional Shares Clause in Contracts

Optional Shares. Once the Strategic Partner has acquired the Shares Package and the shareholders of the Holding Company have approved this acquisition, the Holding Company undertakes to issue the Optional Shares and to keep them in its treasury pending their subscription and payment by the Strategic Partner during such period and upon such terms as set forth in the Option Agreement. Likewise, it undertakes to keep such Optional Shares representing at all times 3% (three percent) of the capital stock of the Holding Company after issuance thereof. Accordingly, the Holding Company undertakes to execute the Option Agreement.

Optional Shares. Once the Strategic Partner has acquired the Block of Shares Package and the shareholders of the Holding Company have approved this acquisition, the Holding Company undertakes to issue the Optional Shares and to keep them in its treasury pending their subscription and payment by the Strategic Partner during such period and upon such terms as set forth in the Option Agreement. Likewise, it undertakes to keep such Optional Shares representing at all times 35% (three five percent) of the capital stock of the Holding Company after issuance thereof. Accordingly, the Holding Company undertakes to execute the Option Agreement.

Optional Shares. Once the Strategic Partner has acquired the Shares Package and the shareholders of the Holding Company have approved this approve said acquisition, the Holding Company undertakes to issue the Optional Shares and to keep them in its treasury pending their subscription and payment by the Strategic Partner during such period and upon such terms as set forth in the Option Agreement. LikewiseIn addition, it undertakes to keep such Optional Shares representing at all times 3% (three percent) of the outstanding capital stock of the Holding Company after the issuance thereof. Accordingly, the Holding Company undertakes to execute the Option Agreement.. Final Version Participation Agreement