Priority Share definition
Examples of Priority Share in a sentence
First Priority Share Charge between the Issuer and the Security Agent over the shares of USG.
First Priority Share Charge between Holdings and the Security Agent over the shares of UMS Holdings.
Priority Share Charge between the Issuer and the Security Agent over the shares of UHK.
Priority Share Charge between Holdings and the Security Agent over the shares of the Issuer.
As used herein, the term "Subtenant Balance" shall mean the positive difference, if any, between (i) the total of Subtenant's Public Purpose Payments relating to the initial construction and fit-out of the Demised Premises, and (ii) fifty percent of Tenant's Priority Share.
As used herein, the term "Sublessor Balance" shall mean the positive difference, if any, between (i) the total of Sublessor's Public Purpose Payments relating to the initial construction and fit-out of the Building, and (ii) fifty percent of Tenant's Priority Share.
Except as provided in this Deed including, without limitation, Clause 3.2 (Disposal) and save in respect of the First Priority Share Charge, the Chargor has not assigned, transferred or otherwise disposed of the Charged Assets (or its right, title and interest to or in the Charged Assets), either in whole or in part, nor agreed to do so, and will not at any time do so or agree to do so (except as permitted by the Indenture Documents).
The Subscriber hereby further agrees that it will not (a) transfer, or enter into a binding agreement with respect to, voting control over the Priority Share by proxy or otherwise, (b) pledge the Priority Share or any interest therein, or (c) encumber the Priority Share with usufruct.
Pursuant to the Indenture, the Chargor, as the issuer (the “Issuer”) has issued US$430,000,000 in aggregate principal amount of its 10.00% senior secured second-priority notes due 2014, secured by way of security granted by the Chargor on the terms and conditions contained in the Indenture Documents (as defined below), subject only to the prior ranking security created by the First Priority Share Charge (as defined below).
The aggregate purchase price for the Priority Shares shall be the aggregate sum of EUR 4,077.70, being EUR 12.10 per Priority Share (whereby 4 P- scrips are deemed to be one Priority Share), being the amount paid on the Priority Shares according to KL’s books.