Share Subscriptions definition
Examples of Share Subscriptions in a sentence
For the avoidance of doubt, the aggregate number of CL Shares that will be issued pursuant to the CL Share Subscriptions shall equal the aggregate number of Holdings Shares that would have been issued collectively to the CL Investors with respect to the Convertible Loan Agreement pursuant to the De-SPAC Transaction had such CL Investors held Microvast Shares prior to the consummation of the Merger.
No Shareholder shall receive any salary or draw with respect to its Share Subscriptions or for services rendered on behalf of the Company, or otherwise, in its capacity as a Shareholder.
In addition, the Directors may retain Share Subscriptions, pending acceptance or rejection, until the Directors determine that sufficient Subscriptions have been received with respect to a particular Share Sub-Class to enable the Sub-Fund to launch the Share Sub-Class for that currency.
The proceeds from the issuance of the Cumulative Preferred Shares shall be used for the Permitted Uses or, in the case of the Sierra Share Subscriptions, Certain Funds Purposes.
Share Subscriptions, pending acceptance or rejection, will be held in the Sub-Fund’s account, without interest and at the Shareholder’s risk.
The Share Subscriptions and the Shareholding Proportions are summarised in the table below: As at the LPD After the Share Subscriptions PQSB - - 250,050 50.01 PVSB 2 100.00 249,950 49.99 Apart from the Share Subscriptions, PQSB and PVSB had pursuant to the JV & SH Agreement, collectively agreed to provide further financial assistance via shareholders’ advances and/or corporate guarantees based on their respective Shareholding Proportions (“Financial Assistance”).