NFD Shares definition

NFD Shares means the 1,000 common shares in the capital of NFD, having a par value of $10.00 per share, which will be issued and outstanding as of the Effective Time and held by the NFD Shareholders;
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Examples of NFD Shares in a sentence

  • The Merger Shares, upon issue to the holders of the NFD Shares, will be duly issued and outstanding as fully paid and non-assessable shares of Stake.

  • Except as disclosed in Schedule 4.8, there is no action, suit, proceeding, at law or in equity, claim or demand by any Person or entity, or any investigation, arbitration or any administrative or other proceeding by or before (or investigation by) any Governmental Entity or pending, or, threatened against or affecting NFD, NFD's Assets, the NFD Shares or which questions the validity of any action taken by NFD, and NFD does not know of any valid basis therefor.

  • Stake agrees to hold the NFD Shareholders harmless from any tax liability that such Shareholders may incur under the Code as a result of any sale, transfer, or other disposition of the NFD Shares, wit6h the meaning of Regulation ss.

  • The Parties acknowledge that in order for the Merger to receive tax-free treatment to NFD Shareholders under the Code, the NFD Shares may not be sold, transferred or otherwise disposed of, within the meaning of Regulation ss.