Forward Hedge Shares definition
Examples of Forward Hedge Shares in a sentence
The Forward Sellers have been appointed by the Company and the Forward Purchasers as agents to sell the Forward Hedge Shares and agree with the Company and the Forward Purchasers to use commercially reasonable efforts consistent with their normal trading and sales practices to sell the Forward Hedge Shares.
Each of the Forward Sellers severally represents and warrants to, and agrees with, the applicable Agent that this Agreement has been duly authorized, executed and delivered by such Forward Seller, and such Forward Seller will have full right, power and authority to sell, transfer and deliver any applicable Forward Hedge Shares.
Unless otherwise agreed in the Confirmation, the Forward Sellers shall be paid compensation in the amount to be set forth in the Placement Notice, but in no event shall such compensation exceed 1.0% of the volume-weighted average of the gross Sales Price of Forward Hedge Shares sold during the applicable Forward Hedge Selling Period for such Forward Hedge Shares pursuant to the terms of this Agreement or as otherwise provided for in the relevant Confirmation.