Repositioning. Subject to any legal restrictions, the Borrower will upon first request of the Majority Lenders reposition all Pledged Target Shares acquired under the Share Purchase Agreement, the Bid or the Reopening that are traded on the New York Stock Exchange to Euronext Brussels, it being understood that the Majority Lenders can only make such request until the six-month holding period under Rule 144 with respect of those Pledged Target Shares has been satisfied, provided, however, that the Borrower shall not be obligated to comply with such request if, in the reasonable judgement of the Borrower, such repositioning would cause the Target Shares to fail to meet the NYSE’s continuing listing standards.
Appears in 2 contracts
Sources: Bridge Facilities Agreement (Compagnie Maritime Belge NV), Bridge Facilities Agreement (Compagnie Maritime Belge NV)
Repositioning. Subject to any legal restrictions, the Borrower will upon first request of the Majority Lenders reposition all Pledged Target Shares acquired under the Share Purchase Agreement, Agreement or the Bid or the Reopening that are traded on the New York Stock Exchange to Euronext Brussels, it being understood that the Majority Lenders can only make such request until the six-month holding period under Rule 144 with respect of those Pledged Target Shares has been satisfied, provided, however, that the Borrower shall not be obligated to comply with such request if, in the reasonable judgement of the Borrower, such repositioning would cause the Target Shares to fail to meet the NYSE’s continuing listing standards.
Appears in 1 contract
Sources: Bridge Facilities Agreement (Compagnie Maritime Belge NV)