Nominee Share definition
Examples of Nominee Share in a sentence
As set forth herein, the Seller shall use its best efforts to cause the Nominee Share to be transferred to the Buyer as soon as practicable after the date of this Agreement.
The Seller owns the entire issued share capital in Databit Limited, an English company (the "Company"), with the exception of one nominee share owned by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (the "Nominee Share").
None of the Target Corporations is a reporting issuer (as such term is defined under applicable Canadian securities Laws) and there is no published market for any of the Purchased Shares, the Nominee Share, or the Holigen Nominee Share.
From time to time after the Closing Date, each Party shall, at the request of any other Party, execute and deliver such additional conveyances, transfers and other assurances as may be reasonably required to effectively transfer the Purchased Shares and, if applicable, Holigen Nominee Share and the Nominee Share, to the Purchaser or as directed by the Purchaser and carry out the intent of this Agreement and any Ancillary Agreement.
If purchased, the Purchaser shall pay (a) the Nominee Shareholder $1.00 for the Nominee Share and (b) PD $1.00 for the Holigen Nominee Share.
Purchaser and Holdings shall use their respective commercially reasonable efforts, and shall cooperate fully with each other, to take, or cause to be taken, all actions and to do, or cause to be done, all things reasonably necessary, proper or advisable under applicable Law, to direct the Holdings Nominee to execute and deliver to Holdings the Holdings Nominee Share Surrender.
Except for the Purchaser’s rights under this Agreement, no Person has any Contract, option or warrant or any right or privilege (whether by Law, pre-emptive or contractual, written or oral) capable of becoming such for the purchase or acquisition from (x) such Vendor of any Purchased Shares; (y) the Nominee Shareholder of the Nominee Share; or (z) PD of the Holigen Nominee Share.
Upon completion of the transaction contemplated by this Agreement, PD will have transferred to the Purchaser or as directed by the Purchaser good and valid title to the Holigen Nominee Share, free and clear of all Liens other than those restrictions on transfer, if any, contained in applicable Law (which Laws do not prohibit the transfer of the Holigen Nominee Share as contemplated herein, subject to customary post-Closing filings).
At or immediately prior to the Closing, Seller will cause the Nominee Share to be transferred to an employee of the Company.
Seller shall use its best efforts to cause the Nominee Share to be transferred to the Buyer, at Seller's sole cost and expense, as soon as practicable after Closing.