Examples of TIMET Shares in a sentence
As of the date of this Agreement, Valhi Holding beneficially owns the TIMET Shares described in Schedule 8.1 to this Agreement, free and clear of all Liens, other than Liens in favor of the Administrative Agent (on behalf of the Lenders and the L/C Issuer) that secure the Obligations.
The TIMET Shares, when returned to VHC, will be free and clear of all liens, claims and encumbrances created by or through the CDCT.
The TIMET Shares shown as beneficially owned by such person include the following number of shares such person has the right to acquire upon the exercise of stock options granted pursuant to TIMET stock option plans that such person or group may exercise within 60 days subsequent to May 2, 2003: TIMET Shares Issuable Upon the Exercise of Stock Options Name of Beneficial Owner On or Before July 1, 2003 ------------------------ ----------------------------- Glenn R.
Tremont LLC ("Tremont"), The Combined Master Retirement Trust (the "Master Trust"), Contran and Purchaser directly hold approximately 39.7%, 9.0%, 2.9% and 0.1%, respectively, of the outstanding TIMET Shares.
Simmons and all other directors and executive officers of Purchaser disclaim beneficial ownership of all of the TIMET Shares that Tremont, the Master Trust, Contran or Purchaser directly or indirectly hold.
The percentage ownership of TIMET Shares attributable to Contran assumes the full conversion of only the Securities that Contran directly holds.
Contran does not hold any TIMET Shares directly but holds 700,000 Securities, which are convertible into 93,730 TIMET Shares.
Where applicable, including but not limited to the termination of this Agreement, the fee will be prorated based on the portion of the calendar quarter in which the Valhi Shares, TIMET Shares or other marketable securities, as applicable, have been pledged, and the average daily closing sales price per share for such Valhi Shares, TIMET Shares or other marketable securities, as applicable, for such partial quarter.
Upon the termination of the Pledge Agreement, the pledge of the Valhi Shares, TIMET Shares or other marketable securities, as applicable, shall terminate and the Contran shall cause all stock certificates representing the shares and the related stock powers to be returned to VHC or returned to VHC electronically.
Upon First Southwest’s receipt of the Valhi Shares, Administrative Agent (a) hereby releases its lien and security interest in the TIMET Shares, and (b) agrees to promptly (and in any event within ONE (1) Business Day after receipt of the Valhi Shares) release the TIMET Shares from the description of collateral contained in any UCC-1 filing identifying Guarantor as “debtor” and Administrative Agent as “secured party”.