Share Collateral definition
Examples of Share Collateral in a sentence
As of the Effective Time, JMY and JT shall collectively own one hundred percent (100%) of the issued and outstanding shares of IPCo and shall have good and marketable title to the IPCo Share Collateral free and clear of all Liens other than the Legal Mortgage of IPCo Shares.
IPCo shall have the same Assets, liabilities, and capitalization as on the date of this Agreement, except (a) that IPCo’s Assets shall include the Alibaba Share Collateral and (b) for any changes made with the prior written consent of Yahoo! and Softbank or as required by the Transaction Documents.
The Share Collateral shall have customary anti-dilution protection for forward stock splits, stock dividends and major corporate transactions.
Except as otherwise provided in Section 11.18(b) with respect to Specified Proceeds, all Pledged Share Collateral that consists of cash or Cash Equivalents (including, for the avoidance of doubt, “proceeds” thereof) shall be deposited with the Collateral Trustee as Trust Monies for the benefit of the Holders.
Any releases permitted by this Section 2.07(g) shall be made first from Voluntary Cash Collateral and then from Voluntary Share Collateral.