CB Investor definition
Examples of CB Investor in a sentence
When a CB Investor or, as the case may be, an IPB returns any Lending Shares to DnB NOR, DnB NOR shall, without delay, return such Lending Shares to the VPS Account.
The Broker shall to the best of its ability ensure that any party who is given opportunity to borrow any Lending Shares is a CB Investor and that such shares are borrowed solely for the purpose of hedging such investor's investment in the CB.
Such CB Investor has all requisite company power and authority to execute and deliver this Agreement and to comply with the terms thereof.
The purpose of the lending of any Lending Shares to any CB Investor or IPB (as the case may be) shall be solely for the purpose of enabling such investors to hedge their investment in the CB.
Nothing in Section 8.13(e) shall prohibit the Principal or other Representative of a CB Investor who serves as a Director from discharging his or her fiduciary duties as Director.
Notwithstanding the foregoing, any Demand Offering in which any CB Investor is subject to cutback in accordance with Section 2.03 in excess of twenty- five percent (25%) of the Registrable Securities it requested to register shall not be considered as exercised for purposes of this Section 2.01(b).
DnB NOR will on-lend the Lending Shares to the CB Investors under appropriate share lending agreements by transferring the relevant number of Lending Shares from the VPS Account to the CB Investor or, as the case may be, the IPB.
To the extent that the SPAC CB Investor has not delivered to the Company, PubCo and SPAC a copy of the Investor Rights Agreement duly executed by it prior to the date of this Agreement, SPAC shall use its commercially reasonable efforts to procure the SPAC CB Investor to deliver such duly executed Investor Rights Agreement to the Company, PubCo and SPAC no later than the Initial Merger Effective Time.
All required approvals, if any, from the limited partners or other equityholders of such CB Investor to enter into this Agreement and comply with its terms have been granted.
As consideration for any loan of Lending Shares the Lender shall receive a fee from DnB NOR of 1.0 per cent per annum, and DnB NOR shall charge each IPB, or, as the case may be, each CB Investor, a lending fee of 1.25 percent per annum, in both cases calculated on the number of Lending Shares borrowed from time to time multiplied with the market price (last close) of the Issuer's shares on a daily basis.