CPP Shares definition

CPP Shares is defined in Section 3.2.
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CPP Shares shall have the meaning ascribed to the term in the Clause 3.1 of this Agreement.
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CPP Shares means ordinary shares in the share capital of the IPO Company (whether or not they carry weighted voting rights) (if any) to be issued by the IPO Company as a concurrent private placement (or equivalent) at the time of the IPO;
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Examples of CPP Shares in a sentence

  • The above dividends shall be cumulative (and will be accumulated in U.S. Dollars), and the Company will pay to the holders of the CPP Shares all the cumulative dividends accumulated as provided above (including with respect to the then current period calculated pro rata temporis) before any dividends are paid to the holders of Ordinary Shares.

  • Everest agrees and undertakes to the Company that Everest will not, directly or indirectly, resell, pledge, transfer or otherwise dispose of any CPP Shares and any interests thereof within six (6) months following the Firm Share Closing or any Subject Shares and any interests thereof within six (6) months following the issue of the Subject Shares.

  • Everest has consulted to the extent deemed appropriate by such Everest with such Everest’s own advisers as to the financial, tax, legal and related matters concerning an investment in the CPP Shares or the Subject Shares and on that basis believes that an investment in the CPP Shares or the Subject Shares is suitable and appropriate for such Everest.

  • Everest does not have any direct or indirect arrangement, or understanding with any other persons to distribute, or regarding the distribution of the CPP Shares or Subject Shares in violation of the Securities Act or any other applicable state securities law.

  • All shares, whether CPP Shares or Ordinary Shares shall vote as one (1) class.

  • The issuance of the CPP Shares or the Subject Shares by the Company to Everest contemplated herein comply with the Regulation S, and are exempted from the registration requirements of the Securities Act and will not be integrated with the Offering pursuant to the Securities Act.

  • The authorized share capital of the Company shall be NIS 33,000,000, (thirty-three million New Israeli Shekels) comprised of 11,000,000 (eleven million) Cumulative Participating Preferred Shares ("CPP Shares"), par value NIS 1.- (one New Israeli Shekel) each, and 22,000,000 (twenty-two million) Ordinary Shares, par value NIS 1.- (one New Israeli Shekel) each.

  • The Company shall issue all the CPP Shares to Ampal and all the Ordinary Shares to Motorola, free and clear of any Liens.

  • Everest is acquiring the CPP Shares or the Subject Shares in an offshore transaction in reliance upon the exemption from registration provided by Regulation S.

  • In the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company, or sale of all or substantially all of the assets of the Company, the assets of the Company available for distribution to its Shareholders, whether from capital, surplus or earnings, shall be distributed to the holders of the CPP Shares and Ordinary Shares, pro rata, based on the respective number of Ordinary Shares then owned by all such holders, on an as-if converted basis.


More Definitions of CPP Shares

CPP Shares is defined in Article 6.
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Related to CPP Shares

  • Coop Shares Shares issued by a Cooperative Corporation.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.