The Payment Shares Clause Samples

The Payment Shares clause defines how payments or financial distributions are divided among the parties involved in an agreement. Typically, it specifies the percentage or proportion each party is entitled to receive from revenues, profits, or other monetary proceeds generated under the contract. For example, in a joint venture, this clause would outline what share of the profits each partner receives. Its core practical function is to ensure transparency and prevent disputes by clearly allocating financial entitlements among the parties.
The Payment Shares. On Closing the Payment Shares: (a) will be issued to the Sellers as fully paid and non-assessable KBB Shares; (b) will be duly registered in the names of the Sellers in the books and registers of KBB; and (c) will be conditionally approved for listing and posting for trading on the Exchange, subject only to satisfying any conditions stipulated by the Exchange for listing.
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The Payment Shares. On Closing or achievement of the milestones set out at Section 2.2, as the case may be, the Payment Shares: (a) will be issued to the Sellers as fully paid and non-assessable WOLF Shares; (b) will be duly registered in the names of the Sellers in the books and registers of WOLF; and
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The Payment Shares. On Closing the Payment Shares: (a) will be issued to the Sellers as fully paid and non-assessable MTEC Shares; (b) will be duly registered in the names of the Sellers in the books and registers of MTEC; and (c) will be conditionally approved for listing and posting for trading on the Exchange, subject only to satisfying any conditions stipulated by the Exchange for listing.
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The Payment Shares. On Closing the Payment Shares: (a) will be issued to the Vendor as fully paid and non-assessable Purchaser Shares; (b) will be duly registered in the names of the Vendor in the books and registers of the Purchaser; and (c) will be conditionally approved for listing and posting for trading on the Exchange, subject only to satisfying any conditions stipulated by the Exchange for listing.
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Related to The Payment Shares

  • Settlement Shares With respect to any Settlement Date other than the Final Date, the number of Shares designated as such by Counterparty in the relevant Settlement Notice or designated by Dealer pursuant to the “Termination Settlement” provisions of Paragraph 7(g) below, as applicable; provided that the Settlement Shares so designated shall (i) not exceed the Number of Shares at that time and (ii) in the case of a designation by Counterparty, be at least equal to the lesser of 100,000 and the Number of Shares at that time, in each case with the Number of Shares determined taking into account pending Settlement Shares; and

  • Legended Securities Each certificate for a Note will bear the legend contained in “Notice to Investors” in the Preliminary Offering Memorandum for the time period and upon the other terms stated in the Preliminary Offering Memorandum.

  • Consideration Shares All Consideration Shares will, when issued in accordance with the terms of the Arrangement, be duly authorized, validly issued, fully paid and non-assessable Purchaser Shares.

  • Purchase Shares Subject to the terms and conditions hereinafter set forth herein, the Holder is entitled, upon surrender of this Warrant at the principal office of the Company (or at such other place as the Company shall notify the holder hereof in writing), to purchase from the Company up to ( ) fully paid and nonassessable shares of Common Stock, par value $0.0001, of the Company, as constituted on the Warrant Issue Date (the “Common Stock”). The number of shares of Common Stock issuable pursuant to this Section 1 (the “Shares”) shall be subject to adjustment pursuant to Section 9 hereof.

  • Settlement of Placement Shares Unless otherwise specified in the applicable Placement Notice, settlement for sales of Placement Shares will occur on the second (2nd) Trading Day (or such earlier day as is industry practice for regular-way trading) following the date on which such sales are made (each, a “Settlement Date”). The Agent shall notify the Company of each sale of Placement Shares no later than the opening of the Trading Day immediately following the Trading Day on which it has made sales of Placement Shares hereunder. The amount of proceeds to be delivered to the Company on a Settlement Date against receipt of the Placement Shares sold (the “Net Proceeds”) will be equal to the aggregate sales price received by the Agent, after deduction for (i) the Agent’s commission, discount or other compensation for such sales payable by the Company pursuant to Section 2 hereof, and (ii) any transaction fees imposed by any Governmental Authority in respect of such sales.