Examples of Echo Shares in a sentence
Echo shall at all times cause a number of authorized Echo Shares to be authorized and held in reserve as will be sufficient to comply with any and all requests for Exchange that may be made pursuant to this Agreement.
If the Echo Shareholders transfer their Echo Shares as described in this Section 9.04, each Echo Shareholder shall be entitled to substitute for any Unit a number of Echo Shares equal to the Echo Ratio for the same consideration that would have otherwise been payable in respect of such Unit.
Each Stockholder (including its respective Permitted Transferees), including each Sponsor, agrees to cast all votes to which such holder is entitled in respect of its Echo Shares, whether at any annual or special meeting, by written consent or otherwise, to increase the number of authorized shares of capital stock to the extent necessary to permit Echo to comply with the provisions of its Articles or any agreement to which Echo is a party.
If any Transfer is made under this Agreement to a Permitted Transferee, in the event such transferee ceases to be a Permitted Transferee of the transferor, then the transferee shall promptly Transfer such Echo Shares or other Equity Interests back to the transferor or to another Permitted Transferee of the transferor.
The rights of Echo (or its designated assignee) or the Sponsors to purchase Echo Shares under this Article VI are in addition to, and do not modify, any vesting or exercisability requirements that may be included in the terms of any such Echo Shares.
The Offer extends to Echo Shares that are issued between the Register Date and the end of the Offer Period as a result of the vesting and conversion of Performance Rights.As at the date of this Bidder’s Statement, the Performance Rights comprise 21,750,000 unlistedperformance rights with nil exercise price and varying expiring dates.
The Performance Rights will vest and convert into Echo Shares if Northern Star acquires a Relevant Interest in at least 50.1% of the Echo Shares and the Offer becomes or is declared unconditional.
The last recorded sale price of Echo Shares on ASX on 4 September 2019, being the last trading day prior to the date on which the Bidder’s Statement was lodged with ASIC, ASX and Echo, was A$0.325 per Echo Share.
If Your Echo Shares are compulsorily acquired, you will still receive the Offer Price for Your Echo Shares but at a later date than you would have received it if you had accepted the Offer.
When using the Acceptance Form to accept this Offer in respect of Echo Shares in a CHESS Holding, you must ensure that the Acceptance Form (and any documents required by the terms of this Offer and the instruction on the Acceptance Form) are received by Northern Star in time for Northern Star to instruct your Controlling Participant to initiate acceptance of this Offer on your behalf in accordance with Rule 14.14 of the ASX Settlement Operating Rules before the end of the Offer Period.