Common use of PRE-COMPLETION UNDERTAKINGS Clause in Contracts

PRE-COMPLETION UNDERTAKINGS. During the period from the date of the SPA until the Completion Date, none of the FEEL Shareholders shall transfer (or create or permit any Encumbrance over) any interest in any of the shares in FEEL, (except for the creation of Encumbrances over the shares in FEEL pursuant to the terms of the CITIC KaWah Facility), or allow the creation, grant or issuance of new shares by FEEL or of any shares or rights to subscribe for, or option warrants or other securities convertible into or exercisable or exchangeable for the shares in FEEL.

Appears in 2 contracts

Samples: Shareholders’ Agreement (MIE Holdings Corp), Shareholders’ Agreement (MIE Holdings Corp)

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PRE-COMPLETION UNDERTAKINGS. During the period from the date of the SPA until the Completion DateCompletion, none of the FEEL Shareholders shall transfer (or create or permit any Encumbrance over) any interest in any of the shares in FEEL, (except for the creation of Encumbrances over the shares in FEEL pursuant to the terms of the CITIC KaWah Standard Bank Facility), or allow the creation, grant or issuance of new shares by FEEL or of any shares or rights to subscribe for, or option warrants or other securities convertible into or exercisable or exchangeable for the shares in FEEL.

Appears in 1 contract

Samples: Shareholders’ Agreement (MIE Holdings Corp)

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PRE-COMPLETION UNDERTAKINGS. During the period from the date of the SPA Amendment until the Completion Effective Date, none of the FEEL Shareholders shall transfer (or create or permit any Encumbrance over) any interest in any of the shares in FEEL, (except for the creation of Encumbrances over the shares in FEEL pursuant to the terms of the CITIC KaWah Standard Bank Facility), or allow the creation, grant or issuance of new shares by FEEL or of any shares or rights to subscribe for, or option warrants or other securities convertible into or exercisable or exchangeable for the shares in FEEL.

Appears in 1 contract

Samples: Shares Purchase Agreement (MIE Holdings Corp)

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