Examples of Large Investor in a sentence
In the event such registration is underwritten, the right of Investors to participate in such registration shall be conditioned on such Investors accepting the reasonable terms and conditions of such underwriting as agreed upon among USCB, the Large Investors and the underwriters selected by the initiating Large Investor.
The right of Investors to participate in such registration shall be conditioned on such Investors accepting the reasonable terms and conditions of such underwriting as agreed upon among USCB, the Large Investors and the underwriters selected by the initiating Large Investor.
At the Effective Time, Parent will promptly cause one person nominated by each Large Investor (each, a “Board Representative”) to be elected or appointed to the Board of Directors, subject to satisfaction of all legal and governance requirements regarding service as a director of Parent, which Board Representative shall initially be Xxxxxx Xxxxxxxxx for Priam and X.
If either Large Investor and its Affiliates collectively no longer beneficially own the minimum number of shares of USCB Common Stock specified in or calculated by the prior sentence, such Large Investor will have no further rights under Sections 2(a)-(d).
Each Large Investor shall be entitled to independently protect and enforce its own rights, including the rights arising out of this Side Letter Agreement, and it shall not be necessary for the other Large Investor to be joined as an additional party in any proceeding for such purpose.
In the case of any registration effected pursuant to Section 2 of this Agreement, the initiating Large Investor shall have the right to designate the managing underwriter(s) in any underwritten offering.
Then, the Advisor would receive $1,000 for its monthly REIT Management Fee, but in turn would pay the Large Investor 1% of $1,000, or $10, concurrently with the next dividend payment due to the Large Investor.
Subject to the terms of this Agreement, any time after the earlier of (i) five (5) years following the date of this Agreement and (ii) six (6) months following the closing of the Initial Public Offering of USCB, one or more of the Large Investors may request, in writing, that USCB effect a registration on Form S-1 (or Form S-3, provided that USCB is eligible to register securities on Form S-3) of all or part of the Registrable Common Shares owned by such Large Investor.
It is expressly understood and agreed that each provision contained in this Side Letter Agreement is between USCB and Parent, on the one hand, and each Large Investor, solely, on the other hand, and not between USCB and Parent, on the one hand, and the Large Investors collectively on the other end, and also not between and among the Large Investors.
This right shall be retained so long as the Large Investor holds in excess of 50% of the total Series B Preferred stock that is outstanding and the outstanding Series B Preferred Stock represents at least 20% of the fully diluted ownership of the Company.