Exchangee definition

Exchangee shall have the meaning set forth in Section 17.22.
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Examples of Exchangee in a sentence

  • The said Shares shall be issued forthwith by the Exchangee as fully paid and non-assessable.

  • The representations, warranties and covenants of the Exchanger and the Exchangee contained in this agreement shall survive the completion of the transaction contemplated by this agreement and, notwithstanding such completion, shall continue in full force and effect for the benefit of the Exchangee and the Exchanger as the case may be.

  • Subject to the terms and conditions hereof, the Exchanger hereby conveys and transfers to the Exchangee and the Exchangee hereby conveys and transfers to the Exchanger the number of shares set forth in paragraph 2 hereof.

  • It is agreed and understood between the parties that as part of the exchange herein the Exchangee does hereby undertake to assume, settle and retire all outstanding debts, claims and payables currently owed to the Exchanger by the Corporation.

  • The Exchange Value shall be recognised and satisfied by the issuance to the Exchanger of TWO HUNDRED FIFTY THOUSAND (250,000) shares in the capital of the Exchangee, which shares shall have a fair market value equal to the shares of the Exchanger.

  • Upon completion of the transactions contemplated by this Agreement, all of the Exchanged Shares will be owned by the Exchangee as the beneficial owner and holder of record, with good and marketable title thereto.

  • The provisions for meetings of holders of the Notes set out in schedule 4 shall be deemed to be incorporated in this instrument and shall be binding on the Company (and any Substituted Debtor or Exchangee) and the Noteholders and on all persons claiming through or under them respectively.

  • This Agreement constitutes the legal, valid and binding obligation of each Exchangee, enforceable against such Exchangee in accordance with its terms.

  • This Agreement constitutes the legal, valid and binding obligation of RVR, enforceable against such Exchangee in accordance with its terms.

  • On the execution of any Exchange Instrument, the Noteholders shall be bound to accept such loan notes of the Exchangee in exchange for the Notes.