IC Shares definition
Examples of IC Shares in a sentence
Until such time as the Shares purchased hereunder have become vested in accordance with Section I.C. (Shares which are not vested are referred to herein as “Restricted Stock”), such Restricted Stock may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated.
Such credits shall be allocated among accounts holding Class A, B, C, IB and IC Shares, as applicable, on the basis of fiscal year-to-date average net assets.
For performance by the Transfer Agent pursuant to this Agreement, the Trust agrees to pay the Transfer Agent an annualized fee for shareholder accounts which previously held Class A, B, C, IB and IC Shares that were closed during any monthly period at a rate of $0.70, to be paid for twelve months following the date on which an account was closed.
The Parties acknowledge and agree that the number of IC Shares held by CGB II may vary as a result of stock splits or reverse-splits and the price per IC Share shall be appropriately and proportionately adjusted to reflect any such change in capitalization for purposes of calculation of the price applicable to such repurchase right (without affecting the total repurchase price) as per Section 1.2 above.
Until such time as the Shares purchased hereunder have become vested in accordance with Section I.C. (Shares which are not vested are referred to herein as “Restricted Stock”), such Shares may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated.
For performance by the Transfer Agent pursuant to this Agreement, the Trust agrees to pay the Transfer Agent an annualized fee for shareholder accounts holding Class A, B, C, IB and IC Shares that are open during any monthly period at a rate of $18.60.
SAGA III is the holder of record and beneficially owns 3,651,555,020 IC Shares, which as of the date hereof are free and clear from any and all liens and encumbrances, other than the Shareholders Agreement and the IC Shares Pledge Agreements listed in Part B of Schedule 2.3 hereto, and on the Price Payment Date (and prior to the Price Payment) will be free and clear from any and all liens and encumbrances, other than the Shareholders Agreement.
CGB II is the holder of record and beneficially owns the IC Shares, which are free and clear from any and all liens and encumbrances, other than the Shareholders Agreement.
SAGA II is the holder of record and beneficially owns 7,000,000,000 IC Shares, which as of the date hereof are free and clear from any and all liens and encumbrances, other than the Shareholders Agreement and the IC Shares Pledge Agreements listed in Part A of Schedule 2.3 hereto, and on the Price Payment Date (and prior to the Price Payment) will be free and clear from any and all liens and encumbrances, other than the Shareholders Agreement.
Other than its ownership of the IC Shares, CGB II has never held any other assets, has never had or been subject to any obligations or liabilities and has never engaged in any activities or conducted any other business since its formation.