OTI Shares definition

OTI Shares means, certain restricted shares of the Buyer which are not yet registered for trading, together with all existing and future rights attached thereto, all which the Buyer is entitled to issue to third parties under and subject to applicable regulations of the Securities Act (as defined hereinafter).
Sample 1
OTI Shares means Ordinary Shares of the Buyer, par value NIS 0.10 per share, which are not yet registered with the U.S. Securities and Exchange Commission and are not yet registered for trading.
Sample 1

Examples of OTI Shares in a sentence

  • There are no outstanding options, warrants, commitments, calls or other rights or Agreements requiring OTI to issue any OTI Shares or securities convertible, exercisable or exchangeable into OTI Shares to anyone for any reason whatsoever.

  • None of the OTI Shares is subject to any charge, claim, condition, interest, lien, pledge, option, security interest or other encumbrance or restriction, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.

  • All dividends on OTI Shares which have been declared prior to the date of this Agreement have been paid in full.

  • Thereby 1% of the Interest Price is attributed to the remuneration and expenses for the transfer of the OTI Shares, 1.25% of this amount is attributed to the escrow function of the Bank according to the terms and conditions of this Agreement.

  • The Sellers and OTI have agreed in the SPA to pay the purchase price for the Sold Interest (as defined in the SPA) (the "Interest Price") by way of transferring ordinary shares of NIS 0.01 n.v. each of OTI (hereinafter referred to as "OTI Shares") to the Shareholders and have agreed on a mechanism by way of which the Bank is instructed to act as a trustee in relation to the transfer of the OTI Shares to the Shareholders.

  • Invite expression of interest or utilize the register maintained by the head or procurement.

  • Subject to the terms and conditions of this Agreement, at the Effective Date, as defined below, all OTI Shares shall be acquired from UTEK by ARFR in accordance with the respective corporation laws of their states and the provisions of this Agreement and the separate corporate existence of OTI, as a wholly-owned subsidiary of ARFR, shall continue after the closing.

  • Subject to the terms and conditions of this Agreement, at the Effective Date, as defined below, all OTI Shares shall be acquired from UTEK by ARFR in accordance with the respective corporation laws of their states and the provisions of this Agreement and the separate corporate existence of OTI, as a wholly-owned subsidiary of ARFR shall continue after the closing.

  • UTEK Corporation 1000 All issued and outstanding OTI Shares have been duly and validly issued and are fully paid and non-assessable shares and have not been issued in violation of any preemptive or other rights of any other person or any applicable laws.

  • As a guarantee for the work progress of the GC and all related Sub-Contractors hired by the GC, the Parties shall enter, within 90 days from the date hereof, into an escrow arrangement with (“ Escrow Agent”), pursuant to which the OTI Shares shall be deposited and held in trust with the Escrow Agent until the need to make a payment to the GC in accordance with the work progress at the Work Site performed by the GC, all according to the terms of this Agreement (“Escrow Shares”).

Related to OTI Shares

  • Amalco Shares means the common shares in the capital of Amalco;

  • ASA Shares has the meaning set forth in 2.4(a).

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Newco Shares means the common shares in the capital of Newco;

  • Company Shares means the common shares in the capital of the Company;

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Sold Shares shall have the meaning specified in Section 6.

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • Subco Shares means the common shares in the capital of Subco.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • H Shares means the overseas-listed foreign invested shares in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong Dollars;

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Common Shares means the common shares in the capital of the Corporation;

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Stockholder Shares means any Common Stock owned by a Stockholder on the date of the closing of the Transactions or hereafter, together with any equity securities issued or issuable directly or indirectly with respect to such Common Stock by way of stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.