Examples of Sold Shares in a sentence
The Event of Failure has occurred [before/after] the transfer of the Final Sold Shares to the Allottees in accordance with the Share Escrow Agreement.
Notwithstanding anything stated in this Agreement, such Sold Shares shall rank pari passu to the Equity Shares.
In addition, in relation to the Offered Shares, each of the Selling Shareholders shall continue to be the beneficial and legal owner of the respective portion of the Offered Shares and exercise all their respective rights, including voting rights attached to its Offered Shares, and enjoy any related benefits, until such Offered Shares are credited to the demat accounts of the Allottees on the Closing Date as Sold Shares.
In the event the Event of Failure has occurred after transfer of Final Sold Shares to the Allottees The Share Escrow Agent is requested to act in accordance with Clause 5.7 of the Share Escrow Agreement.
THE AGREEMENT Date : 10 December 2010 Parties : The Seller The Purchaser Negotiation : Xx Xxxx Xxxx Xxxx (“Xx Xxxx”), who retired his directorship with the Company in the last AGM dated 24 November 2009 and is not a shareholder of the Company, an ex-director of the Company received an offer of this Disposal of Sold Shares from the Purchaser, who is an independent party of Xx Xxxx, a few months ago and then he immediately acquainted the Purchaser to the Company.