Collateral Shares definition

Collateral Shares means any Shares held in or credited to any Collateral Account.

Collateral Shares means, at any time, the units of the Underlying Equity pledged to the Lender Parties and credited to the Collateral Account at such time to secure the Obligations.

Collateral Shares the Shares held in the Accounts;

Examples of Collateral Shares in a sentence

• Notwithstanding any other provision of the Finance Documents to the contrary, any sale, transfer or other disposition of Nasdaq Collateral Shares by the Security Agent must be a Qualifying Disposition.

• The Acuity Collateral Shares were issued under the Company’s existing placement capacity pursuant to ASX Listing Rule 7.1. The Acuity Collateral Shares constitute a security for the obligations owed by the Company to Acuity Capital under the CPA, including the obligation of the Company to issue Shares in accordance with an Exercise Notice (Option Shares) (refer to Schedule 6 for further details).

• SMI may at any time in its sole discretion, and in any event no later than five business days after the Final Date will, pay to the Company in immediately available funds an amount (as discharge of the security represented by the Collateral Shares and in full and final settlement of all liabilities of SMI in connection with the Collateral Shares) equal to the number of Collateral Shares, multiplied by the Purchase Price B as would apply at that time.

• Upon termination of the SPA (or at such earlier time as determined by SPA), SMI will pay the Company for the SMI Collateral Shares in accordance with a pre-agreed pricing formula.

• Where the Company is not able or fails to issue Option Shares in accordance with an Exercise Notice and Acuity Capital has made the corresponding payment to the Company for those Option Shares, Acuity Capital may, though is not required, to retain the Acuity Collateral Shares.

More Definitions of Collateral Shares

Collateral Shares means any Shares held, or required to be held, in any Collateral Account.

Collateral Shares means those Shares issued to the Investor or its nominee in accordance with clause 3.1;

Collateral Shares means any Shares fiducially assigned pursuant to the Shares Security Agreement (which shall be the “Fiduciarily Assigned Shares”, under and as defined in the Shares Security Agreement) and not released under the Collar Loan Documentation.

Collateral Shares means, from the Closing Date until the Outstanding Purchase Price has been paid in full, 1,044,386,423 AA Shares as released from time to time for prepayments of the Outstanding Purchase Price on a $0.958 per AA Share basis.

Collateral Shares means the 17,000,000 (seventeen million) Shares issued to or made available by Company to the Option Holder in accordance with clause 14 of this deed.”

Collateral Shares means at any time (i) the Initial Underlying Equities held in the Collateral Account, and (ii) the Shares held in the Collateral Account pursuant to Section 2.09(c) or a Permitted Collateral Share Substitution pursuant to Section 2.09(e), to the extent, in the case of each of clause (i) and (ii), that the applicable Issuer of such Shares is not subject to an Issuer Event at such time. For the avoidance of doubt and except as otherwise agreed in writing by the Lender, “Collateral Shares” shall exclude (x) any shares that are certificated and (y) all Replaced Shares that are removed from the Collateral Account in accordance with Section 2.09(e).

Collateral Shares means any of the following: (i) any Collateral Shares (as defined in the Nations Forward Agreement), but only to the extent that such shares are then held by Nations as collateral in connection with the Nations Forward Agreement, (ii) any Collateral Shares (as defined in the PaineWebber Forward Agreement), but only to the extent that such shares are then held by PaineWebber as collateral in connection with the PaineWebber Forward Agreement, and (iii) any shares of Common Stock delivered by the Company to UBS to secure the Company's obligations under the UBS Forward Agreement, but only to the extent that such shares are then held by UBS as collateral in connection with the UBS Forward Agreement.