Holdco Ordinary Shares definition
Examples of Holdco Ordinary Shares in a sentence
If in order to obtain the Bank Loan, the bank requires first-ranking security over any Cayman Holdco Ordinary Shares already subject to any share mortgage in favour of any Holder, such Holder agrees to take all reasonable steps to subordinate its security interest under the relevant share mortgage to the bank.
Purchaser shall apply for, and shall take commercially reasonable actions to cause, the Holdco Ordinary Shares to be issued in connection with the Merger to be approved for listing on Nasdaq as of the Closing.
No Warrant shall be exercisable for cash and Holdco shall not be obligated to issue Holdco Ordinary Shares upon exercise of a Warrant unless Holdco Ordinary Shares issuable upon such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the Warrants.
Holdco shall at all times reserve and keep available a number of its authorized but unissued Holdco Ordinary Shares that will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.
During any period when Holdco shall fail to have maintained an effective registration statement covering the Holdco Ordinary Shares issuable upon exercise of the Warrants, the holders of the Warrants shall have the right to exercise such Warrants on a “cashless basis” as determined in accordance with Section 3.3.1(d).