Restricted Shares Clause Example with 21 Variations from Business Contracts

This page contains Restricted Shares clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in Section 6 above or Dealer otherwise determines in its reasonable opinion that any Shares to be delivered to Dealer by Counterparty under any Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 above, then delivery of any such Settlement Shares (the "Unregistered Settlement Shares") shall be effected pursuant to Annex A hereto, u...nless waived by Dealer. View More Arrow

Variations of a "Restricted Shares" Clause from Business Contracts

Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in Section 6 above or Dealer otherwise determines in its reasonable opinion that any Shares to be delivered to Dealer by Counterparty under any Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 above, then delivery of any such Settlement Shares (the "Unregistered Settlement Shares") shall be effected pursuant to Annex A hereto, u...nless waived by Dealer. 24 13. Use of Shares. Dealer acknowledges and agrees that, except in the case of a Private Placement Settlement, Dealer shall use any Shares delivered by Counterparty to Dealer on any Settlement Date to return to securities lenders to close out borrowings created by Dealer in connection with Dealer's hedging activities related to exposure under the Transactions or otherwise in compliance with applicable law. View More Arrow
Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in Section 6 above or Dealer otherwise determines in its reasonable opinion that any Shares to be delivered to Dealer by Counterparty under any Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 above, then delivery of any such Settlement Shares (the "Unregistered Settlement Shares") shall be effected pursuant to Annex A B hereto,... unless waived by Dealer. 23 13. Use of Shares. Dealer acknowledges and agrees that, except in the case of a Private Placement Settlement, Dealer shall use any Shares delivered by Counterparty to Dealer on any Settlement Date to return to securities lenders to close out borrowings created by Dealer in connection with its hedging activities related to exposure under the Transactions or otherwise in compliance with applicable law. View More Arrow
Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in the portion of Section 6 6(a) above from and including clause (ii) to and including the penultimate sentence thereof or Dealer otherwise determines in its reasonable opinion that any Shares to be delivered to Dealer by Counterparty under any Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 6(a) above, then delivery of any suc...h Settlement Shares (the "Unregistered Settlement Shares") shall be effected pursuant to Annex A hereto, unless waived by Dealer. View More Arrow
Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in Section 6 6(a) above or Dealer otherwise determines in its reasonable opinion that any Shares to be delivered to Dealer by Counterparty under any Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 above, 6(a) above or otherwise constitute "restricted securities" as defined in Rule 144 under the Securities Act, then delivery of ...any such Settlement Shares (the "Unregistered Settlement Shares") shall be effected pursuant to Annex A hereto, unless waived by Dealer. View More Arrow
Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in Section 6 6(a) above or Dealer otherwise determines in its reasonable opinion opinion, based on advice of counsel, that any Shares to be delivered to Dealer by Counterparty under any Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 6(a) above, then delivery of any such Settlement Shares (the "Unregistered Settlement Shares") ...shall be effected pursuant to Annex A hereto, unless waived by Dealer. View More Arrow
Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in Section 6 6(a)(iii) above or Dealer otherwise determines in its reasonable opinion that any Shares to be delivered to Dealer by Counterparty under any Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 6(a)(iii) above, then delivery of any such Settlement Shares (the "Unregistered Settlement Shares") shall be effected pursuant ...to Annex A B hereto, unless waived by Dealer. View More Arrow
Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in Section 6 above or Dealer otherwise determines in its reasonable opinion that any Shares to be delivered to Dealer by Counterparty under any Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 above, above or otherwise constitute "restricted securities" as defined in Rule 144 under the Securities Act, then delivery of any such S...ettlement Shares (the "Unregistered Settlement Shares") shall be effected pursuant to Annex A hereto, unless waived by Dealer. View More Arrow
Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in Section 6 6(a) above or Dealer otherwise determines in its reasonable opinion that any Shares to be delivered to Dealer by Counterparty under any each Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 6(a) above, then delivery of any such Settlement Shares (the "Unregistered Settlement Shares") shall be effected pursuant to An...nex A B hereto, unless waived by Dealer. View More Arrow
Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in Section 6 ‎6 above or Dealer otherwise determines in its reasonable opinion that any Shares to be delivered to Dealer by Counterparty under any Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 ‎6 above, then delivery of any such Settlement Shares (the "Unregistered Settlement Shares") shall be effected pursuant to Annex A her...eto, unless waived by Dealer. View More Arrow
Restricted Shares. If Counterparty is unable to comply with the covenant of Counterparty contained in Section 6 6(a) above or Dealer otherwise determines in its reasonable opinion that any Shares to be delivered to Dealer by Counterparty under any Transaction may not be freely returned by Dealer to securities lenders as described in the covenant of Counterparty contained in Section 6 6(a) above, then delivery of any such Settlement Shares (the "Unregistered Settlement Shares") shall be effected pursuant to Annex A... hereto, unless waived by Dealer. View More Arrow