2024 Exchange Agreement Sample Clauses

2024 Exchange Agreement. Borrower shall issue Class C Units to Emblem representing 19.99% of the equity ownership interests in Borrower and agree to take all necessary actions, including scheduling a meeting to obtain a vote of Holdings’ stockholders, to approve the issuance of additional Class C Units and Class B Common Stock to Emblem cumulatively representing 49.99% of the greater of (x) the equity ownership interests in Borrower as of the date hereof or (y) the equity ownership interest in Borrower as of the date of the Additional Loans Funding Date and voting power in Holdings, approving the issuance of Class A Common Stock representing 25% of the voting power and equity interests of Holdings to Lender upon exercise of that certain Amended and Restated Warrant, dated as of the date hereof, issued by Holdings to Lender, and, at Lender’s option, approving the issuance of Class C Units and Class B Common Stock to Lender representing 25% of the equity ownership interests in Borrower and voting power in Holdings.
Sample 1
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2024 Exchange Agreement. In connection with any Transfer of any portion of a Member’s Units pursuant to the 2024 Exchange Agreement, the Managing Member shall take or shall cause the Company to take any action as may be required under the 2024 Exchange Agreement or requested by any party thereto to effect such Transfer promptly.
Sample 1

Related to 2024 Exchange Agreement

  • Exchange Agreement As a condition of the Holder’s receipt and acceptance of this Purchase Warrant, Xxxxxx agrees that, at any time prior to the complete exercise of this Purchase Warrant by Holder, if the Company and the Underwriter enter into an agreement (“Exchange Agreement”) pursuant to which they agree that all outstanding Purchase Warrants will be exchanged for securities or cash or a combination of both, then Holder shall agree to such exchange and become a party to the Exchange Agreement.

  • Securities Purchase Agreement This Agreement and the transactions contemplated hereby have been duly and validly authorized by the Company, this Agreement has been duly executed and delivered by the Company and this Agreement, when executed and delivered by the Company, will be, a valid and binding agreement of the Company enforceable in accordance with its terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium, and other similar laws affecting the enforcement of creditors’ rights generally.

  • Investment Agreement AUGUST.2017 12

  • Stock Purchase Agreement (a) Purchaser understands and agrees that the conversion of the Note into equity securities of the Company may require such Purchaser’s execution of certain agreements (in form reasonably agreeable to a majority in interest of the Purchasers) relating to the purchase and sale of such securities as well as registration, information and voting rights, if any, relating to such equity securities. (b) Purchaser agrees to be bound by the agreements described in Section 2(a).

  • Shareholder Agreement The Shareholder Agreement shall have been duly executed and delivered by the Company.

  • Stockholder Agreement The Stockholder agrees that, during the period from the date of this Agreement until the Expiration Date:

  • Amendment to Purchase Agreement Section 1.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

  • Purchase Agreement See the introductory paragraphs hereof.

  • Amendments to the Merger Agreement The Merger Agreement is hereby amended as follows:

  • One Agreement This Agreement and any related security or other agreements required by this Agreement, collectively: (a) represent the sum of the understandings and agreements between the Bank and the Borrower concerning this credit; (b) replace any prior oral or written agreements between the Bank and the Borrower concerning this credit; and (c) are intended by the Bank and the Borrower as the final, complete and exclusive statement of the terms agreed to by them. In the event of any conflict between this Agreement and any other agreements required by this Agreement, this Agreement will prevail.

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