IPA Shares definition

IPA Shares means Shares available to Individual Pensions Accounts only. ‘Limited Issue Fund’ means a Fund whose Shares are Limited Issue Shares.
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IPA Shares shall have the meaning ascribed thereto in Section 2.4.1;
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Examples of IPA Shares in a sentence

  • Immediately following the execution of this Agreement, the Purchaser shall cause IPA to make all required notifications to NASDAQ with respect to the issuance of the IPA Shares in the context of the Equity Consideration so as to ensure that the Closing Date can take place no more than fifteen (15) days after the Agreement Date and will provide the Vendors with a copy of such notifications as well as any responses received by NASDAQ in this respect.

  • Other than pursuant to the Equity Escrow Agreement, the IPA Shares to be issued as part of the Equity Consideration shall be freely transferable and free from Encumbrances.

  • As of the Agreement Date and immediately prior to Closing, none of the Vendors owns directly, indirectly or exercises control or direction over any IPA Shares.

  • Such Equityholder is the record and beneficial owner of, and has good and valid title to, the CFC IPA Shares and/or the AHMS Interests set forth opposite such Equityholder’s name on Section 3.3 of the Disclosure Schedule, free and clear of all Liens, other than those imposed by securities or healthcare Applicable Laws or provided in the Governing Documents of CFC IPA, or that result from any actions taken by or on behalf of any Buyer Party.

  • Notwithstanding the foregoing, if the VWAP is less than the Discounted Market Price, the IPA Shares will be issued at a deemed price equal to the Discounted Market Price.

  • The number of IPA Shares to be issued shall be determined by dividing EIGHTEEN MILLION EUROS (€18,000,000) by the VWAP of IPA Shares, provided however that IPA shall not be required to issue any fractional shares and that the number of IPA Shares to be issued to each Vendor at Closing will be rounded down to the nearest whole share.

  • For greater certainty, IPA shall not issue, the Vendors shall not be entitled to receive, and the Vendors shall not, and shall cause their Affiliates to not, directly or indirectly acquire, offer to acquire, solicit an offer to sell, own, or purchase, any IPA Shares which, when aggregated with all other IPA Shares then beneficially owned by the Vendors and their Affiliates, would result in the beneficial ownership by the Vendors at Closing of IPA Shares in excess of the Issuance Cap.