Subco Share definition
Examples of Subco Share in a sentence
In lieu of any such fractional shares, if any of the Selling Shareholders would otherwise be entitled to receive a fraction of a Subco Share upon the surrender of one or more certificates representing Priveco Shares for exchange pursuant to this Agreement, the Selling Shareholders shall be entitled to have such fraction rounded up to the nearest whole number of Subco Shares and shall receive from Subco one or more share certificates representing same.
As consideration for the sale of the Priveco Shares by the Selling Shareholders to Pubco, Pubco shall cause Subco to allot and issue the Subco Shares to the Selling Shareholders in the amount set out opposite each Selling Shareholder’s name in Schedule A on the basis of one Subco Share for each Priveco Share held by each Selling Shareholder.
As consideration for the Manager granting the Manager Options, Subco will issue one Subco Share to the Manager and the amount to be added to the stated capital of the Subco Share so issued will be $1.00.
As of the close of business on December 31, 2012, there is one (1) issued and outstanding Clermont Subco Share, which is owned by Clermont.