Examples of Synutra Shares in a sentence
The Synutra Shares are not subject to any preemptive or subscription right, any voting trust agreement or other contract, agreement, arrangement, option, warrant, call, commitment or other right of any character obligating or entitling Synutra to issue, sell, redeem or repurchase any of its securities, and there is no outstanding security of any kind convertible into or exchangeable for Common Stock.
Notwithstanding the foregoing, nothing herein shall derogate from or otherwise modify the representations and warranties of the Company set forth in this Agreement, on which each of the Sellers has relied in making an exchange of the Synutra Shares for the Company Shares.
All of the Synutra Shares are owned of record and beneficially by the Sellers free and clear of any liens, claims, encumbrances, or restrictions of any kind.
Except as set forth herein, all of the outstanding shares of Synutra are duly authorized, validly issued, fully paid and nonassessable, and have not been or, with respect to Synutra Shares, will not be transferred in violation of any rights of third parties.
Similar calculations to those performed under Case 1 show that the Sup- plier 1 strategies (not withholding, Ol, Oh, Oh, Oh) and (not withholding, Oh, Oh, Oh, Oh) constitute equilibria; Supplier 1’s expected payoff is 2H, the day-ahead MCP is H, the real-time MCP is A, and the ISO’s expected procurement cost is 2H + αS + αA in equilibrium.In the equilibria found in Case 2b, the ISO’s expected procurement cost is lower under the payment cost minimization formulation, 2H + αS + αA < (2 + α)H + S.
Such Seller is the legal and beneficial owner of the Synutra Shares to be transferred to the Company by such Seller, and upon consummation of the exchange contemplated herein, the Company will acquire from such Seller good and marketable title to such Shares, free and clear of all Liens excepting only such restrictions upon transfer, if any, as maybe imposed by Applicable Law.
Any portion of the principal amount of this Note requested by the Holder to be exchanged into Synutra Shares in accordance with Section 4.1 that would have resulted in a fractional share would not be utilized for exchange and shall be treated as the remaining outstanding principal amount of the Note.
The Company covenants that it will maintain, solely for the purpose of transfer or delivery upon any exchange herein provided, the maximum number of Synutra Shares into which this Note is exchangeable.
No fractional Synutra Shares shall be transferred upon exchange of this Note.
If Synutra at any time or from time to time, prior to the exchange of this Note, shall take any action affecting its Synutra Shares or share capital similar to or having an effect similar to any of the actions described in any of Section 4.6(a), Section 4.6(b) or Section 4.8 (but not including any action described in any such Section), then, and in each such case, the Exchange Price shall be adjusted in such manner as would be consistent with the intent of such Section.