Grindrod Shares definition
Examples of Grindrod Shares in a sentence
Nothing herein shall prevent any Lender or Security Agent from exercising its rights under this Agreement and any Finance Document and acquire Grindrod Shares up to the Limit, selling such Grindrod Shares to unaffiliated purchasers, and immediately exercising any rights under this Agreement and any Finance Document and acquire additional Grindrod Shares up to the Limit.
Upon the acquisition of 100% of the Grindrod Shares by the Borrower, the Corporate Guarantor or the Borrower shall procure that Target will make all appropriate filings with the U.S. Securities and Exchange Commission within the periods specified by the U.S. Securities and Exchange Commission.
The Borrower shall give prior notice to the Security Agent of any public filing of or relating to this Agreement or the Grindrod Shares and provide the Security Agent with a copy of any such report at least one (1) Business Day prior to the filing thereof.
The Agreement and the transactions contemplated hereunder are collectively intended to constitute a bona fide pledge of the Grindrod Shares, are not intended to constitute an offer or sale of such shares within the meaning of the Securities Act, and are not entered into with the purpose nor with the effect of changing or influencing the control of Target, nor in connection with any transaction having such purpose or effect.
As a result, any such sale may result in prices and terms less favourable to any Lender or the Security Agent than those that could be obtained by selling or otherwise disposing of such Grindrod Shares in multiple transactions, over multiple days, in a broadly distributed offering and/or in the absence of, or at a time later than the occurrence of, any adverse events or circumstances.