Specified Shares definition
Examples of Specified Shares in a sentence
Purchaser acknowledges and understands that the Specified Shares have not been registered under the Securities Act and may not be offered or sold in the United States or to U.S. persons unless the Specified Shares are registered under the Securities Act or an exemption therefrom is available, and that hedging transactions may not be conducted unless in compliance with the Securities Act.
The Adjusted Dividend shall be payable, from time to time, within two and one-half months after all or any portion of the Specified Shares vest pursuant to Section 4(a) or 4(b); provided that under no circumstances shall any such Adjusted Dividend be paid prior to the achievement of a Return on Investment (as defined below).
The Consortium acknowledges that, as soon as practicable after the parties sign this agreement, the Consortium must provide a substantial product holder notice to NZX disclosing that it has a relevant interest in all Specified Shares as a result of this agreement.
The transfer of the Specified Shares to the Proposed Transferee must be consummated within a period of ninety (90) days after the date of the Notice Date.
The Specified Shares are duly authorized, validly issued and outstanding, fully paid and nonassessable.