Examples of Derivative Rights in a sentence
Transition Rule for Converting Existing Rights (or Derivative Rights) to ------------------------------------------------------------------------ FFC Shares.
The Buyers undertake to cause GTI to notify the Seller of any Derivative Rights granted with respect to GTI Stock during the above period and offer to the Seller to acquire such additional Derivative Rights as may be necessary to maintain the percentage ownership of GTI Stock acquired by the Seller on the Closing Date.
Within ten (10) days of such notification the Seller shall have the right to accept the offer to acquire such additional Derivative Rights on the terms stated therein, provided that no such Derivative Rights may be acquired or exercised by the Seller in the event the Seller fails to obtain any required Authorization (including, without limitation, the relevant Authorization from the CBR).
For the avoidance of doubt, (unless otherwise agreed in writing between the Chargor and Security Trustee), the Security Trustee shall remain absolutely entitled to the Derivative Rights.
The stockholder vote shall not be binding on the Company or its Board, shall not be deemed to be a condition to the effectiveness of the New Derivative Rights Plan, and shall not be construed as overruling a decision by such Board, nor to create or imply any additional fiduciary duty by such Board.