First Closing EGM definition
First Closing EGM means the extraordinary shareholders' meeting in the Buyer to be held on the First Closing Date; "First Closing Date" means either (i) 13 December 2005 or (ii) such other date as the Parties may agree on in writing; "Party" means the Seller or the Buyer, and "Parties" means the Seller and the Buyer, collectively; "Second Closing" means the completion of the transaction contemplated by this Agreement, as such transaction relates to the sale and purchase of the Cash Shares; "Second Closing Date" means either (i) 16 December 2005 or (ii) such other date as the Parties may agree on in writing; "SEK" means the currency Swedish kronor; "Seller" means Autoliv, Inc., a company duly incorporated and organised under the laws of Delaware, having its registered address at ▇.▇. ▇▇▇ ▇▇▇▇▇, ▇▇-▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇;, "Shares" means fifty-five million (55,000,000) shares in the Company, each such share having a nominal value of SEK ten (10); and "USD" means the currency United States Dollars. Sale and Purchase 3.1 Upon the terms and subject to the conditions set out in this Agreement, the Seller agrees to sell and the Buyer agrees to purchase the Shares, together with all rights attached to them.