Examples of Final Offered Shares in a sentence
The Share Escrow Agent xxxxxx agrees and undertakes to hold in escrow such Final Offered Shares credited to the Escrow Demat Account for and on behalf of, and in trust for the respective Selling Shareholders in accordance with the terms of this Agreement and shall instruct the Depositories not to recognize any Transfer which is not in accordance with the terms of this Agreement.
The Share Escrow Agent hereby agrees and undertakes to hold in escrow such Final Offered Shares credited to the Escrow Demat Account for and on behalf of, and in trust for the Selling Shareholders in accordance with the terms of this Agreement and shall instruct the Depositories not to recognize any Transfer which is not in accordance with the terms of this Agreement.
The Share Escrow Failure Notice or the Selling Shareholders’ Share Escrow Failure Notice, as the case may be, shall indicate the credit of the Final Offered Shares back to the respective Selling Shareholders’ Demat Account and also indicate if the Event of Failure has occurred before or after the Transfer of the Final Sold Shares to the Allottees in accordance with the provisions of this Agreement.
The Share Escrow Agent shall provide a written confirmation on the re-credit of the Final Offered Shares from the Escrow Demat Account to the respective Selling Shareholder Demat Account.
It is hereby clarified that the above-mentioned debit of the Final Offered Shares from each Selling Shareholder’s Demat Account and the credit of such Final Offered Shares to the Escrow Demat Account shall not be construed or deemed as a Transfer by the Selling Shareholder in favour of the Share Escrow Agent or any other Person and each Selling Shareholder shall continue to enjoy the rights attached to such Final Offered Shares.
For purposes of this Clause 5.5, it is clarified that the total number of Final Sold Shares credited to the respective Selling Shareholder Demat Accounts shall not exceed or be less than the number of Final Offered Shares originally credited to the Escrow Demat Account by the respective Selling Shareholder.
Knowledge of waste minimization, sorting and recycling can also be gained through EE.
It is hereby clarified that the above-mentioned debit of the Final Offered Shares from the Selling Shareholders’ Demat Account and the credit of such Final Offered Shares to the Escrow Demat Account shall not be construed or deemed as a Transfer by the Selling Shareholders in favour of the Share Escrow Agent or any other Person and the Selling Shareholders shall continue to enjoy the rights attached to such Final Offered Shares.
The Competencies Framework is a clear example of the move towards NGBs having clear performance indicators that can be used as the basis on which to determine funding.
The Share Escrow Agent shall provide a written confirmation immediately on the credit of the Final Offered Shares to the Escrow Demat Account to the Company, the Selling Shareholders and the BRLMs, in a form as set out in Annexure E, on the same Working Day that all of the Final Offered Shares are credited to the Escrow Demat Account.