CMD Share(s) definition
Examples of CMD Share(s) in a sentence
Pursuant to the terms and conditions hereof, the Sellers hereby agree to issue, sell, assign and transfer to the Purchaser, and the Purchaser hereby agrees to purchase the CMD Shares from the Sellers.
The Sellers have the corporate or other power to own its property and to carry on the business as now being conducted by it, including, but not limited to owning the CMD Shares.
The Purchase Price for the CMD Shares shall be US$16.8 million, equaling 2.8 million shares of common stock ("the Premier Shares") of Premier Brands, Inc.
The stamp duty payable on the sale and purchase of the CMD Shares and the Premier Shares shall be borne equally by the Purchaser and the Sellers.
All of the CMD Shares are, and will immediately prior to Closing be, free and clear of all Encumbrances (other than in respect of calls or assessments for unpaid capital in respect of such shares as noted above).
The capital of CMD has been paid up to the amount of US NINETY-TWO MILLION NINE HUNDRED FORTY-ONE THOUSAND TWO HUNDRED SIXTY-FIVE (USD 92,941,265) DOLLARS and US SEVEN MILLION FIFTY-EIGHT THOUSAND SEVEN HUNDRED AND THIRTY-FIVE (USD 7,058,735) DOLLARS remains to be paid by the holders of the issued and outstanding CMD Shares, which shares are assessable in respect of the unpaid capital thereon.