Qualifying Shares. From time to time the Employee may be asked to be the record holder of one or more shares of one or more subsidiaries of the Company for the purpose of satisfying various regulatory requirements. The Employee acknowledges that he shall have no beneficial interest in such shares and agrees that upon request of the Company he will transfer such shares to the Company for $1.
Qualifying Shares. Each issued and outstanding Qualifying Share (up to the aggregate number of Qualifying Shares provided by Section 3.1(c)) will continue to be one issued and outstanding share of the capital stock of the Surviving Corporation. Each certificate representing immediately prior to the Effective Date only issued and outstanding Qualifying Shares (and no other shares of River Oaks Common Stock) will continue to evidence ownership of the same number of shares of the capital stock of the Surviving Corporation.
Qualifying Shares. Each Shareholder agrees to obtain from each Board member appointed by it full powers to exercise the voting right attached to any Shares owned by each Board member at the Corporation's General Meetings, as well as powers to transfer such Shares to such Shareholder in case the assigned member ceases, for any reason, to be a Board member.
Qualifying Shares. Prior to the Closing, the Company shall identify to Buyer the owner of all qualifying shares for each of the Subsidiaries. Except where the owner of a qualifying share is a Subsidiary, Seller shall arrange for the transfer (for no additional consideration) by the owner thereof to Buyer or one or more of its nominees at the Closing of the qualifying shares of each of the Subsidiaries."
Qualifying Shares. Numbered through Acknowledgement and waiver By submitting this De-Registration Form, the undersigned: · requests de-registration of the Qualifying Shares identified above from the Founders Share Register; · waives its right to use any Voting Proxy or to give Voting Instructions in respect of the Special Voting Shares that are stapled to the Qualifying Shares identified above; · acknowledges that the Ordinary Shares that are stapled to the Qualifying Shares identified above shall no longer qualify as Qualifying Shares upon de-registration thereof from the Founders Share Register; and · acknowledges that the DRs stapled to the Special Voting Shares that are stapled to the Qualifying Shares identified above shall be cancelled upon de-registration of those Qualifying Shares from the Founders Share Register in accordance with the relevant provisions of the Agreement, the Voting Depository Articles and the Terms.
Qualifying Shares. 1 1.3. Acquired RECI Assets........................................ 2 1.4. Excluded RECI Assets........................................ 2 1.5. Mixed Assets................................................ 4
Qualifying Shares. RECI agrees that the shares of capital stock of the RECI Subsidiaries held by the individuals specified on Schedule 1.2 -------- --- hereto as qualifying shareholders are being purchased by the Buyer hereunder, are included in the purchase price referred to in Article 3 and are, except as otherwise expressly provided in this Agreement, included in the Purchased Shares being sold hereunder for all purposes of this Agreement (including, without limitation, any representations and warranties made with respect to the Purchased Shares). The Sellers will arrange to have executed all documents necessary to permit the transfers of such qualifying shares at the Closing to the individuals designated by the Buyer as soon as practicable prior to the Closing.