Indirect Shares definition
Examples of Indirect Shares in a sentence
During the term of this Agreement, Stockholder shall vote all of the Direct Shares, Indirect Shares and Voting Trust Shares in favor of the Merger Agreement and the Merger at the Stockholders Meeting and at any adjournment of the Stockholders Meeting.
Nothing in this Voting Agreement shall be considered to vest in Parent or MergerSub any direct or indirect ownership or incidence of ownership of any of the Direct Shares, Indirect Shares, Voting Trust Shares or Irrevocable Trust Shares.
Sens has agreed to resign as an executive officer and director of the Company and to return the Direct Shares and Indirect Shares to the Company for cancellation and return to treasury.
Notwithstanding anything to the contrary set forth herein, until the day immediately following the Company’s consummation of a QIPO, a Founder may not Transfer any of his Indirect Shares and a Founder Shareholder may not Transfer any of its Shares.
At any time a Partner receives a distribution of Shares pursuant to Section 4.05 hereof, such Partner's Indirect Shares shall be reduced by the number of Shares distributed, and the Percentage Interests of each of the Partners shall be revised to equal, for a particular Partner, the ratio, expressed as a percentage, of such Partner's Indirect Shares to all Partners' Indirect Shares.
It is the amount resulting from multiplying the number of the Indirect Shares of Common Stock by the price per Direct Share of Common Stock.
There are no options, pre-emptive rights, shareholder agreements, trust agreements, sub-participations or other agreements with respect to the Sale Shares or the Indirect Shares except as set forth in Schedule 4.3.
The Direct Shares and Indirect Shares together represent 100% of the outstanding capital stock, or other ownership interest, of each of the Acquired Companies.
The Party that ends up with the obligation to make the aforementioned payment, should materialize same, regarding the Indirect Shares of Common Stock, within a maximum period of 3 business days as of the date on which Audit Report was informed to same, in Dollars, through a freely and immediately available bank transfer, with said amount being susceptible only to the tax withholdings that, as the case may be, are contemplated in the applicable norms in Peru.
For all purposes hereof, each Partner shall initially have the percentage interest in the Partnership (collectively the "Percentage Interests" and individually a "Percentage Interest") set forth on such Partner's signature page attached hereto, and shall be credited with a number of "Indirect Shares" equal to the number set forth on such Partner's signature page attached hereto.