Shell Company definition

Shell Company means an issuer that meets the description defined under Rule 144. In addition, so long as Lender owns, legally or beneficially, any securities of Borrower, Borrower shall, at its sole expense:
Shell Company means an issuer that meets the description defined in paragraph (i)(1)(i) of Rule 144.
Shell Company means an entity that fits within the definition of “shell company” under Section 12b-2 of the Exchange Act and Rule 144.

Examples of Shell Company in a sentence

  • Entries in the chronology at Section 3.3 therefore reflect the various names used to describe the Shell company in the information supplied to the Review.


More Definitions of Shell Company

Shell Company shall have the meaning given to it in Section 10.20 hereof.
Shell Company means a company that at
Shell Company means an entity that has (a) no or nominal operations, and (b) either (i) no or nominal assets, (ii) assets consisting solely of cash and cash equivalents, or (iii) assets consisting of any amount of cash and cash equivalents and nominal other assets.
Shell Company means a registrant, other than an asset-backed issuer as defined in Item 1101(b) of Regulation AB, that has:
Shell Company is defined in the Recitals.
Shell Company means an entity (i) with no or nominal operations, (ii) with limited operations, if OTC Markets Group in its sole and absolute discretion determines such entity to be a Shell Company,
Shell Company a company having no or nominal operations and either (a) no or nominal assets, (b) assets consisting solely of cash and cash equivalents, or (c) assets consisting of any amount of cash and cash equivalents and nominal other assets.