Share Cancellations Sample Clauses

Share Cancellations. In addition to Section 6.2(a) hereof, once distributions have been made on a Share sold during a Series’ Initial Offering Period equal in total to the Initial Purchase Price, then at all times thereafter Shares held by any Shareholder whom the Trust determines has died shall be automatically called and cancelled for no value, and all rights of that Shareholder, including rights to any distributions made by the Trust, shall terminate.
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Share Cancellations. [Reserved]
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Share Cancellations. In addition to Section 6.3(a) hereof, upon the Trust’s determination that a Feeder Fund shareholder has died at a time when the Common Redemption Price is equal to or less than $0, for each Feeder Fund share held by such shareholder, a number of Common Shares held by such Feeder Fund equal to the Underlying Common Shares shall be automatically called and cancelled for no value. Upon the Trust’s determination that a Feeder Fund shareholder has died at a time when the Preferred Redemption Price is equal to or less than $0, for each Feeder Fund share held by such shareholder, a number of Preferred Shares held by such Feeder Fund equal to the Underlying Preferred Shares shall be automatically called and cancelled for no value. In addition, upon the Trust’s determination that a Feeder Fund has repurchased shares from one of its shareholders in a tender offer at a time when the tender offer price paid to such Feeder Fund shareholder was $0, for each Feeder Fund share tendered by such shareholder and repurchased by such Feeder Fund, a number of Preferred Shares held by such Feeder Fund equal to the Underlying Preferred Shares and a number of Common Shares equal to the Underlying Common Shares shall, in each case, be automatically called and cancelled for no value. Upon the cancellation of Shares pursuant to this Section 6.3(c), all rights of a Feeder Fund with respect to such cancelled Shares, including rights to any distributions made by the Trust or a Series, shall terminate.
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Share Cancellations. Prior to the Closing, an aggregate of 41,798,793 shares of Pubco Common Stock shall have been surrendered for cancellation (the “Shares Cancellation”).
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Share Cancellations. Mordechay David and Shamir Benita will each cancel 39,000,000 xxxxxx of thx Xxxxxxx'x xxmmon stock held in their name simultaneously with the Closing.
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Related to Share Cancellations

  • Purchase for Cancellation Subject to applicable law, the solvency requirements under Bermuda law and to the provisions described in Section 6, the Partnership may at any time purchase for cancellation the whole or any part of the Series 4 Preferred Limited Partnership Units Outstanding from time to time, in the open market through or from an investment dealer or any firm holding membership on a recognized stock exchange, or by private agreement or otherwise, at the lowest price or prices at which, in the opinion of the Managing General Partner, such units are obtainable.

  • Cancellation of Options In exchange for the consideration described in Section 1.2 below, the Participant hereby agrees that the Award Agreement and the Participant’s interests in the Underwater Options shall be cancelled, terminated, and of no further force or effect, effective as of the Effective Date, and that neither the Company nor the Participant shall have any further rights or obligations with respect to the Award Agreement, the Underwater Options, or with respect to which any shares of Common Stock that could have been acquired upon vesting and exercise of the Underwater Options.

  • Debt Cancellation Borrower shall not cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to Borrower by any Person, except for adequate consideration and in the ordinary course of Borrower’s business.

  • Cancellation of Treasury Shares Each share of Company Common Stock held in the Company treasury and each share of Company Common Stock, if any, owned by any wholly-owned subsidiary of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

  • Cancellations Purchaser may only cancel this agreement only in the event of breach of representation or warranty by Supplier to perform its obligations under this Agreement. Upon written notice to the Supplier not less than ten (10) days prior to the next Delivery Date. In the event of cancellation letter Supplier will have ten (10) days to cure any such breach. The parties agree to act in good faith to resolve all disputes.

  • Cancellation of Parent-Owned Stock Each share of Company Common Stock held by Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary of Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

  • Cancellation of Treasury Stock Each share of Company Common Stock and all other shares of capital stock of the Company that are owned by the Company shall be canceled and retired and shall cease to exist, and no consideration shall be delivered or deliverable in exchange therefor.

  • Cancellation of Shares If the Corporation shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement). Such shares shall be deemed purchased in accordance with the applicable provisions hereof, and the Corporation shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

  • Section 309 Cancellation All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of as directed by a Company Order.

  • Cancellation of Founder Shares Upon the earlier to occur of the expiration or termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 750,000 by (b) a fraction, (i) the numerator of which is 3,000,000 minus the number of Optional Securities purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of any of the Founder Shares pursuant to this subsection.

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