Examples of CULS in a sentence
Cayman Drug shall also execute a release of any existing and future claims against CULS in the form provided by CULS, which will release CULS and its Affiliates.
The pricing of any Exit Securities and of any Newco Shares issued pursuant to the conversion of the CULS shall be subject to adjustment in the case that PLC or Newco, as applicable, subdivides or combines its ordinary share capital.
Either RB will procure the building of the Store, or, if RB elects not to build the Store, *(REDACTED) pursuant to Clause 5.6 and CULS having given its consent, the Company shall procure the building of the Store.
If a third party offers to acquire all of the Shares held by CULS and CULS intends to accept such offer, CULS may deliver a written notice to Cayman Drug and the Company setting out reasonable details of such third party offer, including the proposed transfer date and consideration (the “ Drag Along Notice”) requiring Cayman Drug to sell its Shares (the “Drag Along Shares”) to the third party at the same time and on the same terms.
Cayman Drug agrees that it will not enter into any agreement to transfer, or otherwise purport to transfer any of its Shares to a third party without the prior written consent of CULS.
A Holder of a Security may convert it into Ordinary Shares in accordance with the Conditions set forth in Schedule 2 of the Deed Poll constituting the applicable CULS.
This Indenture shall apply separately, independently, and equally, but not jointly or collectively, with respect to each of the respective BV CULS, the PLC CULS, and the RBCC CULS, and, except as expressly stated in this Indenture or in the Deed Poll constituting the applicable CULS, no Holders thereof shall be affected in any way by the application of the terms, definitions, conditions and provisions of this Indenture to the other CULS issued in conjunction herewith.
To the extent of any conflict or inconsistency between the terms and conditions of this Indenture and the Deed Polls constituting the CULS, the terms and conditions of this Indenture shall control.
Reorganized PLC, Reorganized BV and Reorganized RBCC, as the case may be, shall have the right to convert all or a pro rata portion of the outstanding CULS into Newco Shares at a price of 41p per Newco Share if the closing price for Newco Shares in each of the preceding 90 days ending on the trading day prior to the mailing of the notice of conversion has exceeded 46p.
For the avoidance of doubt, if Second Closing does not take place in accordance with this Agreement neither the CULS Premium, the *(REDACTED) nor the CD Premium shall become payable.