SHIR definition

SHIR means the Shekel Overnight Interest Rate provided by the Central Bank of Israel, as administrator of the benchmark, or any successor administrator;
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Examples of SHIR in a sentence

  • This Agreement shall come into force and be effective as of the date hereof and shall terminate and be of no further force and effect at such time as no Exchangeable Shares (or securities or rights convertible into or exchangeable for or carrying rights to acquire securities Exchangeable Shares) are held by any party other than SHIR and any of its Subsidiaries.

  • On and after the Effective Date, SHIR shall duly and timely perform all of its obligations provided for under the Share Purchase Agreement, this agreement and all of the agreements to which it is a party in connection with the transactions contemplated under the Share Purchase Agreement including any obligations that may arise upon the exercise of SIL rights under the Exchangeable Share Provisions.

  • SIL, at the request of SHIR, shall call a meeting or meetings of the holders of the Exchangeable Shares for the purpose of considering any proposed amendment or modification requiring approval of such shareholders.

  • SHIR further covenants and agrees that it will not, and will cause its Subsidiaries not to, exercise any voting rights which may be exercisable by holders of Exchangeable Shares from time to time pursuant to the Exchangeable Share Provisions or pursuant to the provisions of any corporate statute by which SHIR may be governed with respect to any Exchangeable Shares held by it or by its Subsidiaries in respect of any matter considered at any meeting of holders of Exchangeable Shares.

  • In addition, the Sellers have provided SH.I.R S▇▇▇▇▇ Real Estate Ltd.’s signed letter attached as Schedule 7.5.

  • All such shares of SHIR Common Stock shall be duly issued as fully paid and non-assessable and shall be free and clear of any lien, claim, encumbrance, security interest or adverse claim.

  • In furtherance of its obligations hereunder, upon notice of any event which requires SHIR to cause to be delivered shares of SHIR Common Stock to any holder of Exchangeable Shares, SHIR shall and covenants and agrees to forthwith issue and deliver the requisite shares of SHIR Common Stock to or to the order of the former holder of the surrendered Exchangeable Shares, as SHIR shall direct.

  • SHIR covenants and agrees that it will appoint and cause to be appointed proxy holders with respect to all Exchangeable Shares held by SHIR and its Subsidiaries for the sole purpose of attending each meeting of holders of Exchangeable Shares in order to be counted as part of the quorum for each such meeting.