Examples of Pledged Shares in a sentence
The Notes will, as a result of the Debentures, rank senior to all existing and future Indebtedness of the Issuer in respect of the Pledged Shares and all assets pledged under the Debentures.
Any amount distributed by Partner in respect of the “Scailex 2012 Dividend Amount” (as defined in the Amended and Restated Conditions, which for the avoidance of doubt is payable strictly in respect of the Existing Pledged Shares and the First Portion of the Additional Shares) shall be referred to herein as the “ Special Dividend”.
Me Issuer may, on each anniversary date of the Issue Date after the date of a Share Pledge, request the Noteholders’ Representative to release any relevant portion of the Pledged Shares from the purview of the relevant Share Pledge where the Collateral Amount is greater than the Minimum Valuation.
The Issuer shall not incur or suffer to exist any Security Interest (including by way of a floating charge) upon the Pledged Shares, other than Security Interests created under the Debentures.
Collateral Amount CalculationMe Collateral Amount shall at any time be the aggregate value of the Pledged Shares for each Listed Investee Company (the “Collateral Amount per Listed Investee Company”).Me Collateral Amount per Listed Investee Company shall be calculated by multiplying the Average Price by the Number of Listed Shares, where: I.