Examples of Convertible Security in a sentence
For purposes of this Agreement, each Voting Unit that is issued in conjunction with a Convertible Security that is intended to be economically equivalent to a Unit and that is not transferable except in conjunction with a Convertible Security shall be treated as a single Unit with such Convertible Security and only one Right shall be issued in respect thereof and such Voting Unit and Convertible Security shall only be counted once in any determination involving a number of units.
You and the Company have entered into a Flash Convertible Security Subscription Agreement dated on or after the date of this Agreement (the “Purchase Agreement”), and it is a condition to the closing of the sale of the Flash Convertible Security under the Purchase Agreement that you and the Company execute and deliver this Arbitration Agreement.
The Company has all requisite corporate power and authority to own and operate its properties and assets, to execute and deliver this Agreement, to issue and sell the Flash Convertible Security and the Conversion Shares and to carry out the provisions of this Agreement.
Investor believes that it has received all the information Investor considers necessary or appropriate for deciding whether to purchase the Flash Convertible Security and the Conversion Shares.
Investor acknowledges and agrees that the Flash Convertible Security is subject to the restrictions on transfer set forth in the Flash Convertible Security.