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:

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Shell Company means an entity that fits within the definition of “shell company” under Section 12b-2 of the Exchange Act and Rule 144.

Shell Company means an issuer that meets the description defined in paragraph (i)(1)(i) of Rule 144.

Examples of Shell Company in a sentence

• The Company has never been, and is not presently, an issuer identified as a Shell Company.

• Until such receipt of release of such shares, the Holder shall from time to time be entitled to receive from the Voting Trustee dividends and distributions payable in cash and property other than voting stock of the BVI Company and(or) the Shell Company, if any, received by or for the account of the Voting Trustee upon such shares.

• The Voting Trustee shall, from time to time, pay or cause to be paid to Holder, his pro rata share of any dividends or distributions payable in cash or property, other than voting stock of the BVI Company and(or) the Shell Company, collected by the Voting Trustee upon the Trust Shares.

• The Seller shall cause the Shell Company, the BVI Company, the HK Company and the Company to disclose to the Purchaser true copies of all the financial, legal and commercial documents of the Shell Company, the BVI Company, the HK Company and the Company and the resolutions of the shareholders and the board of directors.

• The Voting Trustee shall receive and hold, subject to the terms of this Agreement, any voting stock of the BVI Company and(or) the Shell Company issued in respect of the Trust Shares by reason of any recapitalization, share dividend, split, combination or the like and shall issue and deliver Voting Trust Certificates therefrom to the Holder.

More Definitions of Shell Company

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 shall have the meaning given to it in Section 10.20 hereof.

Shell Company means a company that at

Shell Company means a registrant, other than an asset-backed issuer as defined in Item 1101(b) of Regulation AB, that has:

Shell Company means an entity that fits within the definition of “shell company” under Section 12b-2 of the Exchange Act and Rule 144. “Short Sales” means all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act.

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,