CTL Shares definition
Examples of CTL Shares in a sentence
In consideration and exchange for the CTL Shares, CENTURYTOUCH shall issue, transfer, convey and deliver the CENTURYTOUCH Shares to the CTL Shareholders.
On the Closing Date (as hereinafter defined) and upon the terms and subject to the conditions set forth in this Agreement, the CTL Shareholders shall assign, transfer, convey and deliver the CTL Shares to CENTURYTOUCH.
In the event that the Selling Shareholder and/or CTL receives prior to Closing an offer from a third party either orally or in writing to acquire from the Selling Shareholder all of the CTL Shares which he owns or an offer to acquire all the outstanding Shares of Common Stock of CTL or all of CTL's assets and properties, whether by merger or otherwise, the Selling Shareholder shall within twenty- four (24) hours of the receipt of such offer advise Buyer in writing of the offer.
There is no pending Action against the CTL Shareholders that involves the CTL Shares or that challenges, or may have the effect of preventing, delaying or making illegal, or otherwise interfering with, any of the transactions contemplated by this Agreement or the business of CTL and, to the knowledge of the CTL Shareholders, no such Action has been threatened, and no event or circumstance exists that is reasonably likely to give rise to or serve as a basis for the commencement of any such Action.
The CTL Shareholders are both the record and beneficial owner of the CTL Shares.
The CTL Shareholders has and shall transfer at the Closing, good and marketable title to the CTL Shares, free and clear of all liens, claims, charges, encumbrances, pledges, mortgages, security interests, options, rights to acquire, proxies, voting trusts or similar agreements, restrictions on transfer or adverse claims of any nature whatsoever, excepting only restrictions on future transfers imposed by applicable law.
There must not have been made or threatened by any Person, any claim asserting that such Person (a) is the holder of, or has the right to acquire or to obtain beneficial ownership of the CTL Shares, or any other stock, voting, equity, or ownership interest in, CTL, or (b) is entitled to all or any portion of the CENTURYTOUCH Shares.