Loan Shares definition

Loan Shares means the new Ordinary Shares to be issued to the Lender pursuant to this Agreement (other than pursuant to Clause 7.1)

Loan Shares has the meaning given in clause 1.1(a); "Market Out" the right of the Investor to decline to purchase Common Shares in connection with a Placement Notice on one or more occasions if the Exchange refuses to accept or approve any subscription to or issuance of, any Common Shares pursuant to this Agreement for any reason whatsoever, including in respect of the Purchase Price;

Loan Shares means those Shares issued to the Borrower using funds provided from a Loan that has not yet been repaid.

Examples of Loan Shares in a sentence

• In addition, where the Participant has elected for the Loan Shares to be provided to the Company in full satisfaction of the loan, the Company must accept the Loan Shares as full settlement of the repayment obligation under the limited recourse loan.

• In accordance with the terms of the Voluntary Restriction Agreement, the Loan Shares cannot be sold, transferred, assigned, charged or otherwise encumbered until expiration of the Restriction Period.

• Holders of Loan Shares will be entitled to exercise all voting rights attaching to those Shares in accordance with the Company's constitution.

• For the purpose of this sale, the Participant appoints the secretary of the Company (or his or her duly authorised delegate) as their attorney and authorises them to sell the relevant Loan Shares on behalf of the Participant.

• Loan Shares are subject to restriction agreements imposing loan repayment obligations, and, that the holders of Shares are not able to trade them within 12 months of issuance.

More Definitions of Loan Shares

Loan Shares shall have the meaning given in the Recitals hereto.

Loan Shares shall have the meaning given in Clause 3.4(a);

Loan Shares. – means the non-brokered private placement of 1,900,000 FinCanna Shares issued to Key Management at $0.30 per FinCanna Share for aggregate gross proceeds of

Loan Shares means the shares that can be purchased by Mr. Northland, financed by loans from Etrion, as outlined in the Shareholders Agreement, which enables Mr. Northland to keep his 10% equity interest in SRH without investing any additional capital;

Loan Shares means the number of shares of Company Common Stock which were transferred to the Company in settlement of any loans to the Company pursuant to Section 6.2.11.

Loan Shares has the meaning stated in Section 4.1(a).

Loan Shares collectively refers to the Conversion Shares and the Warrant Shares.